Business
Eco Spindles marks Global Recycling Day; boosts plastic recycling efforts in Sri Lanka
Currently boasts 17 Collection Centers including 3 MRFs, 7 more to be established
Commemorating Global Recycling Day 2022, Sri Lanka’s leader in plastic bottle recycling, Eco Spindles (Pvt.) Ltd, a fully owned subsidiary of BPPL Holdings PLC, announced its plans to accelerate the expansion of its Material Recycling Facilities (MRFs) around the country.
Eco Spindles, together with its project partner Coca-Cola Beverages Sri Lanka, introduced its MRFs to collect multiple forms of recyclable waste such as aluminium, glass, paper and other forms of plastic waste, to help develop and strengthen regional waste collection networks and process the collected polyethylene terephthalate (PET) bottles, a company news release said.
“The objective is to increase the collection and recycling rates in the regions where the facilities are commissioned. The company aims to establish one MRF per district by the end of 2024 and will ensure that recyclable waste is collected through partnerships with schools, local authorities, waste collectors, volunteers and coastal communities,” it said.
“Over the last year, the company has made significant efforts to boost and strengthen the plastic recycling sector in Sri Lanka by recycling 62 million PET bottles between 2021 and 2022. Since its inception, Eco Spindles has recycled 452 million PET bottles.”
Commenting on the strategy, Eco Spindles Recycling CEO Manoj Udawatte stated that “MRFs will send their vehicles to collect this recyclable waste and pay the collectors. The collected recyclable waste is then taken to the facility, where PET plastic, for example, is segregated, baled, and crushed. It is after this process that Eco Spindles receives this PET from the facilities, and we turn this into value-added products such as recycled polyester yarn and monofilaments used in brushes and brooms, to name a few.” In addition, the other forms of collected waste are sold to other manufacturers, including glass bottles, aluminium extrusion and paper producers.
“When we initially commissioned our MRFs, there were around 70 collection points, and now there are about 220. By the end of this year, we will strategically establish 400 collection points which entail a network of bins and bags to drop off consumer plastic and other recyclable waste around each MRF,” he added.
So far, there are three MRFs in Ratnapura, Negombo and Panadura, with another currently in development in Matara. The company plans to add another six MRFs around the country, including in Galle, Anuradhapura, Kandy, Kurunegala, Gampaha and Trincomalee, in 2022/23.
The release explained the company raises awareness on proper plastic waste disposal methods through its ‘Waste 2 Value’ app. There are 447 bins placed around the Western Province to dispose of recyclable waste, which can be located through the app. The company aims to increase this figure to 700 in the Western Province alone. In other areas such as Anuradhapura, Galle and Matara, there are over 100 bins. The company aims to increase this figure to 300. There would then be over a total of 1,000 drop off bins in set locations by the end of 2022.
“Despite the challenging state of our economy, I am proud to say that we have moved forward and ensured that our operations and expansion plans are successful, and we aspire to drive further our sustainable practices towards a strengthened circular economy and greener society,” commented BPPL Holdings PLC Managing Director and Chief Executive Officer – Dr. Anush Amarasinghe. “With the pandemic and loss of jobs, we have and will continue to provide opportunities for lower-income communities to earn wages through recyclable waste collection. We ensure that our collectors are incentivised and rewarded for their efforts.”
Eco Spindles is also renowned for its efforts to influence and educate school children on identifying recyclable waste and disposing of it responsibly. For example, its MRF partner in Ratnapura, Ceylon Emerald Way, has targeted more than 100 schools to educate school children on proper waste plastic disposal in the Ratnapura District alone and also is in the process of providing waste plastic disposal bags and bins.
Founded in 1984, BPPL Holdings PLC, through its wholly-owned subsidiaries, Eco Spindles (Pvt.) Ltd and Beira Brush (Pvt.) Ltd. exports recycled polyester yarn, monofilaments and professional and household cleaning tools to international markets in the USA, Canada, UK, Australia and New Zealand, with a considerable market share in each region. The group also produces household cleaning brushes retailed locally under the brand ‘Tip Top’.
Business
Cyber heist at External Resources Dept: Funds diverted in email hack, CID probe underway
A suspected cyber fraud targeting Sri Lanka’s Department of External Resources has triggered a high-level investigation after hackers allegedly manipulated official email communications to divert funds to unauthorised overseas accounts, Deputy Finance Minister Dr. Anil Jayantha Fernando said.
The sophisticated breach is believed to have involved the interception and alteration of email exchanges between the Department and Export Finance Australia, raising serious concerns over vulnerabilities in the Government’s digital financial communication systems.
According to the Deputy Minister, the fraud came to light following suspicious changes detected in bank account details linked to a payment transaction involving India. This anomaly prompted officials to scrutinise prior correspondence, eventually uncovering what appears to be a coordinated cyber intrusion designed to reroute funds.
“This was not a routine technical glitch. There is clear indication of external interference where communication trails have been tampered with,” Jayantha said, noting that complaints had already been lodged with law enforcement authorities.
“Investigations are now being handled by the Criminal Investigation Department (CID), which is probing the extent of the breach, the financial losses incurred, and the possible involvement of international cybercrime networks”.
Financial analysts warn that the incident underscores growing risks faced by state institutions engaged in cross-border financing arrangements, particularly when relying heavily on unsecured or inadequately protected communication channels.
The Department of External Resources plays a pivotal role in managing Sri Lanka’s foreign-funded projects and liaising with international lenders and export credit agencies. Any compromise in its communication systems could have far-reaching implications for investor confidence and the country’s financial credibility.
Authorities are expected to review existing cybersecurity protocols across key financial institutions in the wake of the breach, with calls mounting for tighter safeguards, encrypted communications, and multi-layer verification systems for fund transfers.
Meanwhile, officials remained tight-lipped on the exact quantum of funds involved, citing the ongoing nature of the investigation. However, sources indicated that the attempted diversion was significant enough to raise alarm at the highest levels of the Finance Ministry.
The incident adds to a growing list of cyber-related financial threats confronting governments worldwide, highlighting the urgent need for robust digital governance frameworks as Sri Lanka continues to engage with international financial partners.
By Ifham Nizam
Business
Sun Siyam Pasikudah marks the New Year at the shore of Sri Lanka’s rising coast
There is something about Avurudu that naturally fills every corner of Sri Lanka with energy and connection, and this year, that spirit extended to the shores of Pasikudah. At Sun Siyam Pasikudah, part of the Prive Collection within The House of Siyam, the Sinhala and Tamil New Year was celebrated on 14 April with a vibrant, full day programme that brought together guests and team members in true festive spirit, warm, lively, and centred around shared traditions and generous feasts.
The day followed the rhythm that Sri Lankan families know well. At the auspicious hour determined by the almanac for the New Year, the hearth at The Kitchen was ceremonially lit and the milk pot set to boil, symbolising warmth, unity, and the drawing in of abundance for the year ahead. This followed another auspicious moment at noon where a Traditional Sweet Table was laid out, where kiribath, kokis, kavum, aasmi and more were on offer, prepared by the resort’s culinary team and enjoyed by guests who had gathered, some for whom this was the most natural thing in the world, and others encountering the tradition for the very first time.
From 3:00 PM onwards, the afternoon opened into games. The resort grounds hosted the full run of Avurudu classics: Kana Muttiya (Pot Breaking), Kaba Adeema (Tug of War), Banis Kama (Bun Eating Contest), Balum Pipirawima (Balloon Blowing), Kotta Pora (Pillow Fighting), the Sack Race, Spoon Race, Blindfold Yogurt Feeding, Eyeing the Elephant, and Finding the Coin on the Plate. Guests of all ages joined in, and the kind of laughter that filled the afternoon is really the only way to describe what Avurudu at its best feels like.
“Avurudu is one of those occasions where the feeling in the air does all the work. The auspicious timings, the lighting of the hearth, the sweet table, the games in the afternoon: each of these carries its own meaning, and when you observe them properly and together, the day takes on a quality that is hard to replicate at any other time of year. We wanted our guests, wherever they had travelled from, to feel genuinely part of that, not simply watching from the outside. I think the day showed that Pasikudah is a place where that kind of celebration feels entirely at home,” said Arshed Refai, General Manager, Sun Siyam Pasikudah
The celebration is also a reflection of a broader moment for this stretch of the Sri Lankan coast. Pasikudah has long been known among those who seek it out: a bay of extraordinary calm and clarity, unhurried in a way that the island’s busier coastal destinations rarely are. What has shifted in recent years is that more people are finding it. Sri Lanka welcomed over 600,000 international visitors in the first quarter of 2025, generating tourism revenue of USD 1.025 billion, and the East Coast is increasingly part of that conversation. Sun Siyam Pasikudah has been central to placing Pasikudah on that map.
The resort’s 34 pavilions, offered in one and two bedroom configurations across garden and beach settings, are styled in a way that is quietly striking: monochrome interiors with warm golden accents, spacious and well-considered, always with the ocean close by. Dining is spread across The Kitchen, The Cellar, The Slice and Grill, The Tea House, and The Bar, with destination dinners available for guests who want a private evening under the stars. Sailing excursions along the coastline, spa and wellness, and encounters with local arts and crafts complete what Sun Siyam Pasikudah offers throughout the year.

Business
Allianz Avurudu Negam returns, easing the journey home
During the Sinhala and Tamil New Year, a time defined by togetherness, tradition and returning home, Allianz Insurance Lanka Limited once again stood alongside Sri Lankan communities by continuing its Avurudu Negam initiative for the second consecutive year, expanding its reach to support families during the festive travel period.
Building on the positive response to last year’s programme, Allianz Avurudu Negam 2026 was shaped to make the journey home special and loved during Avurudu. In response, Allianz offered ticket refunds to eligible passengers travelling on the Galu Kumari service from Maradana, supporting passengers journeying home to celebrate the New Year with loved ones.
Passengers boarding from Maradana and Fort and travelling beyond Galle up to Belliatta were eligible for the refund, helping make the journey home more affordable at a meaningful time of year. Acknowledging that financial strain frequently continues even after the celebrations conclude, Allianz extended the refund window until 30th April, easing the cost of returning to Colombo after Avurudu.
To complement this support, Allianz added a heartfelt touch rooted in New Year tradition. Traditional oil cakes were distributed to passengers boarding from Maradana, allowing families to take a familiar symbol of Avurudu back home and share it around their festive tables.
Allianz also prioritised protection during this period. Passengers eligible for the refund were given the option to obtain free Allianz Personal Accident Insurance, reflecting the belief that protection does not end with a journey, but continues wherever people go. In addition, these passengers were included in an LKR 1 million raffle draw, as an extension of the existing campaign, offering one winner shopping vouchers redeemable at outlets of their choice and support that extends beyond the New Year season.
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