Business
Sugarcane cultivation incurring massive environmental and human costs: CEJ
By Ifham Nizam
Analysis of data collected by a Centre for Environmental Justice (CEJ) research team has revealed a massive loss of forest cover in Sri Lanka, brought about by the acquisition of land for cultivating sugarcane as well as for the establishment of human settlements. The analysis also discloses that waves of human migration had occurred from different parts of the island as a result of the establishment of these sugarcane factories in areas coming within the study.
Key among the research findings is that the destruction of forest cover has led to climatological changes in the areas of study. This is observable in rising temperature levels and anomalies in annual rainfall patterns.
On the other hand, concerns are raised with regard to the disposal of waste generated by the processing of sugarcane, in the form of solid waste and untreated waste-water. Coupled with that is the use of fertilizers for cultivating sugarcane which has been produced using the waste materials.
The objective of this study is to understand the environmental, social and economic impacts the sugarcane industry may have had in the selected districts. To this end, areas surrounding three sugarcane factories, namely, Pelwatte, Sevanagala and Hingurana were selected.
The study gathered information from villagers who are or have been sugarcane farmers or employees at the sugarcane factories, as well as from key informants, such as, Grama Seva officers, wildlife officers, agricultural advisers, environmental activists and other notable individuals in the selected areas, using questionnaires and semi-structured interviews.
The study revealed that the failure to properly dispose of these waste material has led to the contamination of surface and ground water bodies while leading to the pollution of the air, which was evident in the foul stench that pervaded most of these areas. Meanwhile, the use of fertilizers which were manufactured out of sugarcane waste also impacts soil quality, as well as the insects which are essential for the growth of crops.
Another key issue that was raised in this study is the contribution of sugarcane cultivation to the aggravation of the human-elephant conflict in the selected areas. It was observed that most of the land acquisitions for cultivating sugarcane have been carried out with less regard for elephant pathways.
The study could also identify some health impacts the sugarcane industry may have on the inhabitants of these areas. These impacts include kidney diseases, due to water pollution, skin diseases and the aggravation of asthmatic conditions.
The study also noted some socio-economic outcomes of the sugarcane industry. It was observed that sugarcane has helped improve the basic living conditions of the farmers while providing them a steady income in adverse times, such as, the Covid-19 pandemic. However, it was also revealed that there is a heavy dependence of the sugarcane farmers on sugarcane farming and factories which makes them economically less independent.
The study has recorded some incidents of strife between the unions of the sugarcane farmers and the factory management in areas, such as, Hingurana. Finally, this study also outlines some of the adverse outcomes sugarcane farming can have on the cultivation of other crops, such as, paddy, which range from reduction of soil quality to drying up of water resources.
Business
Canada Day celebration highlights deepening Sri Lanka-Canada business ties
The vibrant celebration of Canada’s 159th National Day in Colombo brought together diplomats, government representatives, leading business executives and members of the Sri Lankan and Canadian communities, highlighting the growing strength of bilateral economic and commercial relations between Sri Lanka and Canada.
Hosted by the Canada Sri Lanka Business Convention (CanCham Sri Lanka), the event attracted one of the largest gatherings in its history, providing an important platform for business networking while celebrating the enduring friendship between the two countries.
Addressing the gathering, High Commissioner for Canada in Sri Lanka and the Maldives Isabelle Martin said Canada and Sri Lanka continue to enjoy a warm and expanding partnership built on shared values, people-to-people links, trade, investment and development cooperation.
“Canada Day is an opportunity not only to celebrate our country but also to celebrate the strong friendships and partnerships we have built with Sri Lanka.
The remarkable turnout this evening reflects the strength of those relationships and the growing collaboration between our two nations,” Martin said.
She noted that the close engagement between Canadian and Sri Lankan businesses continues to create new opportunities in trade, innovation, education, sustainable development and investment.
CanCham Sri Lanka officials said this year’s celebration was among the most successful Canada Day events ever organised by the Chamber, drawing an outstanding crowd and creating exceptional opportunities for business networking.
“What an incredible celebration of Canada Day. This was truly one of the most successful Canada Day celebrations in history, with an outstanding crowd and exceptional networking opportunities. It was wonderful to see so many distinguished guests, business leaders and community members come together,” the organisers said.
They thanked sponsors, partners, supporters and volunteers whose dedication ensured the success of the event.
The evening showcased Canada’s multicultural heritage while reaffirming the Chamber’s commitment to promoting stronger commercial links between Sri Lanka and Canada.
Guests representing a wide cross-section of industries exchanged ideas on expanding trade, investment and innovation partnerships.
Canada remains an important economic partner for Sri Lanka, with bilateral trade spanning apparel, agriculture, seafood, ICT services, education and professional services.
Canadian companies continue to explore opportunities in renewable energy, infrastructure, technology and sustainable development, while Sri Lankan exporters maintain a significant presence in the Canadian market.
Business leaders attending the celebration expressed confidence that closer collaboration between the two countries would further strengthen economic resilience and create new opportunities for investment, entrepreneurship and knowledge sharing.
The event concluded on a celebratory note, reaffirming the longstanding friendship between Canada and Sri Lanka and the shared commitment to fostering stronger business and people-to-people ties in the years ahead.
By Ifham Nizam
Business
Tokyo Cement inspires future-ready construction at BUILD BEYOND 2026 Technology Summit
Tokyo Cement hosted ‘Build Beyond 2026 Summit’, a premier knowledge-sharing conference that brought together leading academics, civil and structural engineering experts and professionals of the Sri Lankan construction industry. The event featured keynote addresses by renowned construction technology specialists, Professor Shashank Bishnoi from the Indian Institute of Technology (IIT) Delhi-Abu Dhabi, and Senior Professor Priyan Mendis from the University of Melbourne.
The summit marked the second edition of the Build Beyond Engineering Technology Summit organized by the Tokyo Cement Group, designed to foster collaboration between academia and industry while highlighting global trends, innovations, and emerging technologies in cement and concrete. This year’s discussions focused on advancements in material science that are driving more sustainable and cost-efficient construction practices.
The event drew participation from state-sector authorities, research institutions, academia, engineering students, and public and private sector organizations, creating a dynamic platform for engagement across the construction industry. A key feature of the summit was a high-level panel discussion on “Building a Resilient and Sustainable Construction Future,” featuring several distinguished industry leaders.
The panel included Eng. Nissanka Wijerathne, the Secretary General/CEO of the Chamber of Construction Industry Sri Lanka (CCI), Founder and Deputy Chairman of Civil & Structural Engineering Consultants (Pvt.) Ltd.; Eng. Shiromal Fernando, the Chairman of CTBUH Sri Lanka and Vice President of the Green Building Council Sri Lanka, Adjunct Senior Lecturer at the General Sir John Kotelawala Defense University and visiting lecturer at the University of Moratuwa; Eng.
Business
ComBank and Carmart join forces to make Peugeot and Leapmotor vehicles more accessible
Strengthening its commitment to making vehicle ownership more accessible and affordable, Commercial Bank of Ceylon has entered into a strategic partnership with Carmart (Pvt) Ltd. to offer specially structured leasing facilities for Peugeot and Leapmotor vehicles.
Formalised through a Memorandum of Understanding (MoU), the collaboration brings together the Bank’s expertise in flexible financing and Carmart’s portfolio of internationally recognised vehicle brands, creating a value-rich proposition for customers seeking to purchase new vehicles.
Under this MoU, valid until 30th June 2027, Commercial Bank will offer attractive interest rates, concessions on documentation charges, and a complimentary credit card with the first year’s annual fee waived. These benefits are designed to reduce upfront costs and ease the financial commitment associated with vehicle ownership.
With leasing facilities available through Commercial Bank’s island-wide branch network, a cross section of customers will be able to part-finance their vehicle purchases while structuring repayments to align with their income patterns, enabling greater financial flexibility.
Further enhancing the value proposition, Carmart (Pvt) Ltd. will offer customers a range of added benefits, including a complimentary full tank of fuel, free vehicle registration, and other exclusive privileges, making the overall vehicle ownership experience more rewarding.
The Bank said the partnership reflects its continued focus on delivering practical and customer-centric leasing solutions in collaboration with reputed vendors. By combining competitive rates with cost-saving concessions, the Bank aims to make vehicle ownership more attainable for both existing and new customers.
This collaboration is particularly significant in the current market context, as it offers customers the opportunity to benefit from preferential leasing terms while managing repayments in a way that suits their financial circumstances.
As a pioneer in leasing solutions, Commercial Bank continues to innovate through strategic alliances that enhance value, broaden choice, and support customers in achieving their lifestyle aspirations.
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