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.
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.
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.
Additionally, 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.
Eco Spindles has been credited for its relentless efforts to encourage and maintain sustainability, their primary business objective. Eco Spindles was the only company from Asia to have won a global IFS Change for Good Sustainability Award in the ‘Most Innovative Solution for Sustainability category in 2021 and was also ranked among the top 10 at Recycling Heroes of 2021 at the International Recycling Heroes Awards organised by the Global Recycling Foundation for Global Recycling Day in 2021. The company was also the 1st runner-up for the Best Corporate Citizen Sustainability Award 2021, awarded by the Ceylon Chamber of Commerce.
HNB renews partnership with Prime Group for exclusive home loans
Paving the path for aspiring homeowners, Sri Lanka’s leading private sector bank, HNB PLC, renewed its long-standing partnership with local real estate giant Prime Group to offer investors exclusive deals and benefits.
The partnership will offer customers a range of benefits, including special interest rates during the September and October promotional period. The exclusive offer extends to all properties across Prime Group’s extensive portfolio, including highly anticipated Prime Residencies projects, such as The Grand Ward Place, The Beachfront Uswetakeiyawa II and 43 by the Sea on Marine Drive, Dehiwala.
“Building your own home in Sri Lanka can be quite a challenge. The escalating costs of construction, driven by rising inflation, have added to the struggle. We at HNB remain steadfast in our commitment to empower every Sri Lankan to own a home of their own. As such, we are delighted to partner with Prime Group again to offer our customers affordable financing options and exceptional services,” HNB Assistant General Manager – Personal Financial Services (PFS), Kanchana Karunagama, said.
Delivering the best value to its customers, HNB will offer special interest rates during the promotional period. Prospective homeowners can make use of convenient and flexible repayment options tailor-made to their budgets, together with doorstep mortgage advisory services provided by the Bank’s dedicated agents, who will assist with the legal documentation needed for the facility.
“As Prime Group, our mission is to empower Sri Lankans with the chance to achieve homeownership, allowing them to find stability and make the most of these challenging times. Therefore, it is a pleasure for us to partner with HNB in serving our customers,” Prime Group Director – Corporate Affairs Nalinda Heenatigala said.
SLT-MOBITEL empowers Apple iPhone users across Sri Lanka to embrace 5G revolution
SLT-MOBITEL is providing a groundbreaking opportunity, enabling customers with latest Apple iPhone devices to experience the best of 5G technology through its state-of-the-art 5G trial network. Apple users who have 5G compatible iPhone devices and with the latest iOS 17 update can now experience 5G when they are in a SLT-MOBITEL 5G trial zone.
Recognising 5G as a game-changer, SLT-MOBITEL was the first to trial 5G technology in South Asia in 2018 and has been at the forefront of the 5G revolution in Sri Lanka ever since. Recently, SLT-MOBITEL expanded its 5G pre-commercial trial network across main cities including Colombo, Kandy, Anuradhapura, Galle, and Jaffna, setting pathways for customers to seamlessly explore the possibilities of 5G technology.
Celebrating the new offering, SLT-MOBITEL is providing its customers with an amazing 10GB of free trial data on the lightning-fast 5G network. The trial data allows users to explore the capabilities of 5G without an initial cost and harness the full power of 5G technology, unlocking a world of new possibilities.SLT-MOBITEL extends a special invitation to customers who own 5G enabled iPhone 12 devices and beyond, to seize this exciting opportunity and become part of the 5G revolution by updating their eligible iOS device.
SLPA poised as an exemplary model for SOEs, says its chairman
Keith D. Bernard – the Chairman of Sri Lanka Ports Authority (SLPA), welcoming the attendees as chair, made this comments at the Annual Performance Review Meeting (APRM) of SLPA for the year 2022. The meeting was held on September 14, 2023, at its headquarters in Colombo.Entities incorporated under any statute other than the Companies Act must have an APRM every year where the annual report is presented. The Sri Lanka Ports Authority (SLPA) was established under Act No. 51 of 1970.
In terms of the Guidelines for Corporate Governance of PED Circular No. 1/2021 dated November 16, 2021, it is important that the State-Owned Enterprises (SOEs) maintain continuous communication with their stakeholders at all times through mandatory requirements such as the Annual Report. Such disclosure of information ensures transparency and accountability without compromising any statutory or operational requirements of the entity.
Speaking at the event, the Chairman of SLPA expressed his perspective on the organisation’s future direction. He acknowledged SLPA’s recent achievements and progress in completing the East Container Terminal (ECT) and stressed the need for strategic planning with government support for the future.
“At present, SLPA serves as the regulator, operator, and landlord of our ports. In our capacity as the landlord, we possess assets throughout the country, and all commercial ports fall under the purview of SLPA. Additionally, we compete directly with private operators as operators ourselves. Therefore, we must carefully consider whether our role as operators should remain independent or involve collaboration with other operators. It’s crucial that we approach this strategically and define our precise role in this sector for the future,” he said.
Bernard also highlighted the significance of conducting a self-assessment in the pursuit of good governance within the organisation.
“We have commendable ministerial support and boast a talented team of dedicated professionals who tirelessly work towards the success of our port. While we have encountered challenges in the past, we are confident that, leveraging our strengths, we can overcome any hurdles. SLPA has the potential to serve as an exemplary model for the private sector, leading the way and becoming a guiding beacon for all institutions in Sri Lanka,” he said.
The Additional Director General of the Department of Public Enterprises – B.A.T. Rodrigo, commenting at the event, mentioned that in comparison to the other state-owned enterprises (SOEs) in Sri Lanka, SLPA is the leading SOE amongst them and has been a role model to other SOEs. He wished SLPA would continue doing so in the future. He also thanked the Chairman, the Board of Directors, and the Management of SLPA for arranging the APRM adhering to the good governance guidelines.
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