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Eco Spindles marks Global Recycling Day; boosts plastic recycling efforts in Sri Lanka

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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.



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JAT Holdings celebrates the 6th Pintharu Abhiman Convocation, uplifting over 800 painters through NVQ certification

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JAT Holdings PLC marked a significant milestone with the successful conclusion of the 6th JAT Pintharu Abhiman Convocation, recognising more than 800 painters who have earned their NVQ Level 3 qualification, an internationally recognised professional certification delivered in partnership with the National Apprentice and Industrial Training Authority (NAITA).

JAT Pintharu Abhiman was established to uplift Sri Lanka’s painter community through structured skills development, professional recognition and stronger earning potential. This year’s graduating cohort reflects the programme’s expanding reach and the tangible changes it continues to deliver for individuals, families and communities.JAT in collaboration with NAITA has streamlined the certification process such that what would traditionally take up to six months has been refined into an efficient and high-impact three-day assessment model. This approach ensures painters can obtain their qualification without sacrificing extended periods of work, while JAT fully absorbs the certification cost, removing financial barriers and enabling wider access to formal recognition.

Research conducted amongst NVQ qualified participants shows meaningful improvements in livelihoods, with 90 percent reporting increased personal confidence and 76 percent noting an improvement in their overall standard of living. This uplift demonstrates the long-term value of industry-aligned professional training.

A noteworthy moment at this year’s convocation was the recognition of four female painters who received their NVQ certifications. Their achievement marks an important step in broadening female participation in a field that has historically been male dominated, reinforcing JAT Holdings’ commitment to creating inclusive pathways for technical development and sustainable employment.

Speaking at the ceremony, Mr. Wasantha Gunaratne, Director Sales and Technical (South Asia) of JAT Holdings PLC, said:

“Pintharu Abhiman is fundamentally about development, giving painters the knowledge, structure and recognition they need to progress in their careers. By equipping over 800 painters with an internationally recognised NVQ qualification, we are not only strengthening the technical standards of the industry but also creating real pathways for entrepreneurship and financial independence. It is especially encouraging to see that one in five certified painters have already begun building their own businesses. These are the outcomes that matter because they show that when we invest in skills, we unlock opportunity. JAT remains committed to expanding these avenues so every painter has the chance to grow, lead and build a sustainable future.”

The 6th JAT Pintharu Abhiman Convocation underscores JAT’s continued dedication to uplifting the painter community, enhancing industry standards and supporting national skills development through accessible, professionally recognised qualifications.

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Industry bodies flag gaps in Draft National Electricity Policy

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The Ceylon Chamber of Commerce, together with the American Chamber of Commerce, Exporters Association of Sri Lanka, Federation of Renewable Energy Developers, Joint Apparel Association Forum, National Chamber of Commerce of Sri Lanka and Sri Lanka Association for Software and Services Companies, has submitted joint observations on the Draft National Electricity Policy, highlighting that several key issues have not been adequately addressed.

Whilst recognizing the need for reform in the electricity sector, the submission flags several gaps in the draft policy that require closer attention. Key areas such as affordability, decarbonisation commitments, incentives for renewable energy, competition, and the long-term financial health of the sector are either missing or not addressed in sufficient depth.

The proposed tariff revisions outlined in the draft energy policy raise concerns, particularly regarding the removal of cross-subsidies and the proposal to restrict subsidies exclusively to households consuming less than 30 kWh per month. Without detailed analysis, these measures could weaken access to sustainable and affordable energy and potentially lead to fiscal risks.

The provisions allowing uncompensated curtailment, removing feed-in tariffs, and imposing mandatory time-of-use tariffs on rooftop solar users could make renewable energy projects un-bankable for international lenders, thereby increasing the cost of capital for Sri Lanka.

Calling for a more future-focused approach, the submission stresses the need for a policy that reflects modern electricity systems, including planning for the energy transition, energy storage, market competition, cross-border electricity trading, and emerging technologies.

The Chambers and Associations request a comprehensive revision of the Draft National Electricity Policy, alignment with the Electricity Act, and resubmission following substantive consultation, and reiterate support to engage constructively with policymakers to shape a policy that supports affordability, investment confidence, and Sri Lanka’s long-term energy security.

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Bank of Ceylon partners with 36th APB Sri Lanka Convention

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Bank of Ceylon (BOC) partnered with the 36th Annual Convention of the Association of Professional Bankers (APB) Sri Lanka, reaffirming its commitment to promoting professional excellence and knowledge sharing within the banking sector. The partnership was officially handed over by Sameera D. Liyanage, Chief Marketing Officer of Bank of Ceylon and M. R. N. Rohana Kumara, Deputy General Manager Business Revival Unit of Bank of Ceylon, reflecting BOC’s focus on empowering banking professionals and supporting the sustainable growth of Sri Lanka’s financial services industry.

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