Business
Major entities come together to create value from waste via Public-Private Partnership
In light of the solid waste management challenges faced, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and three of Sri Lanka’s largest Fast Moving Consumer Goods (FMCG) companies – Coca-Cola Sri Lanka Beverages Ltd. along with The Coca-Cola Foundation, Nestlé, and Unilever, have come together to launch a sustainable plastic waste management project, with the ambition of tackling plastic pollution and leveraging the untapped potential of plastic waste. This Public-Private Partnership (PPP) named ‘Waste to Value’ aims to strengthen infrastructure on collection, segregation, recycling and upcycling of plastic waste, whilst driving a behavioural change towards a circular economy by creating awareness on the value of responsibly disposed waste to livelihoods and the environment.
Financed by the German Federal Ministry for Economic Cooperation and Development (BMZ) as part of its develoPPP programme, together with its consortium partners, the project will be conducted in two phases partnering the Ministry of Public Administration, Home Affairs, Provincial Councils and Local Government. Having initiated the groundwork in 2022, the consortium conducted a baseline survey to understand the plastic waste landscape of Local Authorities in the Western Province, including the tonnage collected, available space and potential for segregation and recycling. Following a thorough review, nine Local Authorities were selected for the project.
Accordingly, as the first phase, material recovery facilities will be set up to recover plastic and other recyclable waste at selected Local Authorities with adequate space, namely, Gampaha Pradeshiya Sabha, Homagama Pradeshiya Sabha and Kesbewa Urban Council. As the second phase, five Local Authorities which do not have adequate space to set up material recovery facilities will be added to the project, by encouraging residents of select areas to segregate waste at a household level.
In addition to setting up material recovery facilities, the project aims to strengthen the waste collection mechanism in the select areas by developing schemes to incentivize waste collectors and raising public awareness on the importance of responsible disposal, thereby inspiring a positive change in behavior. It also focuses on the implementation of comprehensive training and development plans on plastic waste management for entrepreneurs and other stakeholders.
“We want to create a sustainable and resilient tomorrow for Sri Lanka and its people. Towards this end, we strive to build a sustainable plastic waste management system by working with every stakeholder of the waste value chain, from waste creators to collectors and processors, and making them part of the solution. There is value in the plastic waste ending up in landfill, and we want to promote a circular economy by recycling and upcycling these materials. We’re proud to pool together our resources, expertise, and shared sustainability goals to work towards a cleaner, greener Sri Lanka” said GIZ, The Coca-Cola Foundation, Coca-Cola Beverages, Nestlé and Unilever in a joint statement.
“End to end plastic waste management is the need of the hour. 60% of the country’s municipal solid waste, including plastic, is generated in the Western Province. We hope this project will help us create an efficient waste management model that can be replicated in other parts of the country. We appreciate the commitment of the ‘Waste to Value’ Public-Private Partnership and look forward to working together to tackle the important issue of waste management” said Pradeep Yasarathna, Secretary of the Ministry of Public Administration, Home Affairs, Provincial Councils and Local Government.
Business
Ceylinco Life agent among three global finalists for award
Ceylinco Life’s Ambalantota branch agent AIP Manjula has been named one of three global finalists for the prestigious Insurance Agent of the Year award at the 11th Asia Trusted Life Agents & Advisers Awards (ATLAA) 2026.
The recognition places a Sri Lankan insurance professional among the finalists in a regional field spanning South Asia, Southeast Asia, East Asia and the wider Asia-Pacific region.
Ceylinco Life said the achievement reflected the calibre and customer-focused approach of its agency force, while recognising Manjula’s professionalism and commitment to policyholders.
The award evaluates insurance agents on criteria extending beyond sales performance, including ethical conduct, client service, policy persistency, digital adoption, innovative practices and contributions to the insurance industry and community.
The awards are organised by Asia Advisers Network and Asia Insurance Review, with LIMRA as co-organiser. An independent judging and balloting process is monitored by KPMG as the official scrutineer. The judging panel comprises senior insurance executives, association presidents and industry experts from across the Asia-Pacific region.
Business
CEAT Kelani retains AA+ rating for sixth year
CEAT Kelani Holdings (CKH) has retained its National Long-Term Rating of ‘AA+(lka)’ with a Stable Outlook from Fitch Ratings for the sixth consecutive year, reflecting the company’s financial resilience and leading position in Sri Lanka’s pneumatic tyre market.
The ‘AA+(lka)’ rating, the second-highest on Fitch’s national scale, indicates a very strong capacity to meet financial commitments.
Fitch said CKH’s established market leadership and resilient financial profile remained key strengths, while noting its exposure to price-sensitive, cyclical and highly competitive markets.
The Stable Outlook reflects expectations that the company will maintain its market position despite rising input costs and increasing competition from imported tyres, while preserving adequate credit metrics during periods of weaker earnings and higher investment.
Fitch expects CKH’s established brand, extensive dealer network and adaptive pricing strategies to support its market position. Planned production facility upgrades are also expected to improve product quality, particularly in the radial tyre segment.
The rating agency expects near-term pressure on margins from higher raw material and energy costs but said the company’s low leverage and sound liquidity would provide a cushion.
CKH Chairman Chanaka De Silva said the rating reinforced the company’s focus on disciplined financial management, operational adaptability and long-term investment.
Business
Rivon Agriglobe introduces ZETOR tractors, Rover e-bikes
Rivon Agriglobe and Rivon Lanka, affiliated with Celogen Lanka, Assidua Technologies and Kelun Lifesciences, have introduced ZETOR and Agriglobe tractors, the Z-Tukoba power tiller and Rover electric motorcycles to the Sri Lankan market.
The new range was launched at a special event held on September 4 at the Sannasa Hotel in Dambulla, attended by more than 120 dealers from across the country.
The event was graced by Nalin Welgama as Chief Guest, together with Rishi Kumar, Managing Director; WH Roshan, Finance Director; Sadish Kumar, Director; Sumith Nandana, General Manager; Suresh Dhammika, Head of Sales; and Jayasuriya, Operations Manager.
The agricultural machinery range includes the 50-horsepower ZETOR HORTUS 50 and Agriglobe 50 tractors and the Z-Tukoba power tiller, offering what the company described as European-engineered technology for Sri Lankan farmers.
The launch also featured the recognition of Rover E-Bike dealers, highlighting the company’s efforts to expand its island-wide dealer network and promote electric mobility.
The companies said the new models would be available through their growing dealer network across Sri Lanka, providing customers with access to agricultural machinery and electric motorcycles.
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