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.
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.
Business
Asia-Pacific business leaders to accelerate sustainable business action
More than 200 senior business leaders, policymakers, investors, sustainability practitioners and United Nations representatives convened in Colombo on 11–12 August for Forward Faster Now | APAC 2026: Driving Business Leadership for Sustainable and Inclusive Growth—the United Nations Global Compact’s flagship regional forum in Asia-Pacific.
Hosted by UN Global Compact Network Sri Lanka and organized by the UN Global Compact APAC Hub in collaboration with 14 Global Compact Country Networks, the forum strengthened regional collaboration and demonstrated the growing role of business leadership in advancing sustainable and inclusive growth across Asia-Pacific.
More than 80 high-level speakers from across the region contributed to the two-day programme, bringing together expertise from business, finance, government, the United Nations and civil society. The forum also convened an exceptional audience of CEOs, C-Suite, Board Directors, Heads of UN agencies and senior decision-makers, creating one of the region’s most significant platforms for cross-sector dialogue on sustainable business.
Across plenary dialogues, leadership panels and action-oriented workshops, participants explored the issues shaping the future of business in Asia-Pacific, including climate action, sustainable finance, gender equality, resilient supply chains, water stewardship, governance and integrity, digital innovation, human rights due diligence, circular economy solutions and ESG data for decision-making. Rather than focusing solely on ambition, Forward Faster Now challenged businesses to move from broad sustainability goals to target setting, practical decisions, stronger systems and action that can deliver progress at scale.
A defining milestone of the forum was the visit of Sanda Ojiambo, Assistant Secretary-General, CEO and Executive Director of the UN Global Compact. Her presence in Sri Lanka underscored the country’s growing role within the regional sustainability agenda and reinforced the importance of private sector leadership in delivering the Sustainable Development Goals.
Beyond the public programme, her visit included a series of bilateral engagements and strategic convenings with business and institutional leaders, deepening relationships and opening new avenues for engagement between the UN Global Compact and stakeholders in Sri Lanka.
The event also marked the launch of three significant initiatives by UN Global Compact Network Sri Lanka that will extend the impact of the convening well beyond the event itself. The Responsible Business Coalition was introduced as a new partnership to embed sustainability, and strengthen governance by bringing together Sri Lanka’s leading professional and industry associations to embed the Ten Principles of the UN Global Compact into their existing convening, training and thought-leadership channels, moving responsible business from a standalone function to a shared C-Suite and Board responsibility.
Business
Sri Lanka Insurance Corporation General celebrates ‘One Team, One Vision’ sales excellence at Annual Awards 2025
The Sri Lanka Insurance Corporation General Ltd. (SLICGL) team gathered to honour its top-performing sales professionals at the Annual Sales Awards 2025, held under the theme ‘One Team, One Vision’ on 20th August at the Monarch Imperial.
The evening convened sales leaders and high achievers throughout the island to celebrate a year of sustained performance, customer trust, and commitment which has kept SLICGL at the forefront of Sri Lanka’s general insurance sector.
Affirming SLICGL’s appreciation for the people driving success on the ground, the Sales Awards 2025 recognised those who went beyond targets, deepened client relationships, and contributed directly to the company’s continued expansion.
The event drew an unprecedented audience of over 700 participants. This year’s celebrations recognised a record number of winners, more than double the achievements honoured last year covering a diverse range of award categories reflecting excellence at every level of the business.
Nusith Kumaratunga, Chairman, Sri Lanka Insurance Corporation graced the event as the Chief Guest together with the Board of Directors and senior management of SLICGL also present as invited guests, encouraging and commending the winners for their outstanding achievements.
The award winners at this year’s ceremony included Insurance Advisors, Marketing Executives, Branch Managers, Regional Managers, and members of the Head Office Sales Channels, who were recognised and celebrated for their outstanding achievements in multiple categories.
Business
Sri Lanka to host SEARIC Summit 2026 for the first time, welcoming over 500 youth leaders from across South East Asia
Sri Lanka is set to host the SEARIC Summit 2026 from 11 to 13 September 2026 at the Pegasus Reef Hotel, marking the first time the country will host the flagship regional gathering of the South East Asia Rotaract Information Centre (SEARIC).
Hosted by Rotaract in Rotary International District 3220 (RID 3220) – Sri Lanka & Maldives, the three-day summit is expected to bring together more than 500 delegates from six countries, creating a regional platform for leadership development, knowledge exchange, cultural understanding and collaboration among young leaders. The South-East Asia Rotaract Information Centre (SEARIC) serves as a regional platform connecting Rotaract districts across South East Asia. It facilitates collaboration, information exchange, cultural understanding and joint initiatives among Rotaractors across the region. The annual SEARIC Summit serves as the network’s flagship gathering, bringing together Rotaractors and Rotarians from participating countries for shared learning, fellowship, cultural exchange and collective growth.
Under the theme “The Role of Technology in the Future of Careers and Services,” SEARIC Summit Sri Lanka 2026 will explore the rapidly changing relationship between technology, careers, leadership and community service. As emerging technologies continue to transform industries and the way people work, the summit will provide a platform for young leaders to examine how technology can be used not only to prepare for the future of work, but also to strengthen the way communities are served. Across three days, delegates will participate in leadership and professional development sessions, discussions, cultural experiences, networking opportunities and community-focused programming, with the central theme reflected throughout the summit programme.
Beyond the Rotaract movement, the event also contributes to Sri Lanka’s broader positioning as a destination for international conferences, youth leadership programmes and regional collaboration. With hundreds of international delegates travelling to the country, the summit provides an opportunity to showcase Sri Lanka’s hospitality, culture and potential as a host destination for future international gatherings. The event further creates a platform for young leaders from across South East Asia to connect with Sri Lankan counterparts, exchange ideas and explore opportunities for cross-border collaboration.
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