Business
How a young entrepreneur finds worth in plastic waste
Pathum’s love towards keeping the environment plastic-free drives his passion for implementing a viable system for waste collection in Sri Lanka
International Youth Day is a reminder to recognise the initiatives of young people whose meaningful contributions will have a lasting impact on global developmental efforts. Celebrated every year on the 12th of August, Youth Day magnifies the actions of young people who aspire to repair the earth we live in, through their entrepreneurial decisions to solve the world’s most pressing issues.
As industrialisation and population increase, Sri Lanka is battling a threatening matter; the growth in irresponsible plastic waste disposal/management. Plastic consumption on the island sees a 16% increase, where 265,000 metric tons are consumed annually. Realising the damage this could cause, a young entrepreneur, Pathum Niranjana, started P&L Industries based in Athurugiriya in 2011 at the age of 20 to collect PET (Polyethylene Terephthalate) plastic and other plastics.
A labour of love
Now, 30, he recalled why he started the company, attributing it to the love he has for keeping the environment free of plastic waste. “Before starting P&L Industries, I worked for a company that collected PET plastic. I noticed that plastic was everywhere, from the sides of the road to the waterways. I then realised that I needed to venture out and diversify my business by not only limiting it to collecting PET plastic but also other types of plastic waste, too,” mentioned Pathum.
On a typical day, he deploys his team to collect and purchase waste plastic from municipal councils in the Western Province, after the respective municipalities collect from households and offices. Depending on the plastics’ quality, he buys PET bottles from municipal collectors for Rs. 20-30 a kilo and other plastics (HDPE and PP) for Rs. 60-70 a kilo. Every month, his team collects approximately 450,000 PET bottles and 70-80 metric tons of other plastics, then sold to recyclers to create value-added products. One such is Sri Lanka’s largest plastic recycler, Eco Spindles, who also assisted P&L Industries by giving a loan during the pandemic when collectors like Pathum saw a reduction in income.
Though his business operations are now thriving, Pathum faced multiple challenges as a young business owner. When he started, establishing the business was problematic due to the lack of people/businesses with the necessary expertise in waste collection. Additionally, he required a team of employees who understood the trade while securing funds to buy a space to store plastic waste collected.
Reversing stigmas
“Furthermore, an issue we faced then, and even now, is the stigma behind waste collectors as many people think it’s a 3rd class business. But, it’s a business where you can make profits while also doing a service to the environment and our island home. Most have stigmatised the job as just a role of a bothal paththara karaya, but the industry and the role has evolved into a formal employment opportunity,” highlighted Pathum.
Despite these challenges, Pathum persevered to see his dream materialise and reverse the stigma. Today, he owns four vehicles to collect, purchase and transport plastic to recyclers and has employed 15 people. “I have plans to grow my waste collection business. I want to include components of a recycling facility. So I bought a crusher machine to crush PET plastic into pellets, which I can sell to organisations that can make products such as yarn and crush HDPE plastic to make Alkathene pipes used in agriculture,” stated Pathum.
An opportunity to thrive
On his journey to expand P&L Industries, he believes Sri Lanka can thrive in the waste collection sector since COVID-19 has restricted imports. “If imported, PET pellets cost between Rs. 300-400 a kilo, while locally, I can sell to companies for Rs.150 a kilo. Because of this, it is important to know that banning PET bottles is not practical since we don’t have a cost-effective alternative. Glass is too costly and difficult to transport,” indicated Pathum.
Pathum is a reminder that hard work and dedication are key pillars to success. Astonished that plastic waste is becoming a widely recognisable problem, he is on a quest to be part of a system that can provide viable solutions to this issue. “If collectors like myself do not collect and buy plastic waste, we run the risk of releasing the waste to open dumps/landfills, instead of sending it to recyclers who can give it new life,” emphasised Pathum.
Recycling ensures that a circular economy is established where the value of plastic bottles continues indefinitely. Pathum, as a collector, has become an integral part of this sustainable way of doing business.
Business
HNB Assurance Recognized with Merit Award at the Great HR Awards 2025
HNB Assurance PLC was recognized at the Great HR Awards 2025, receiving the Merit Award in the Finance, Insurance, Real Estate, and Investment sector. This recognition reflects the company’s continued commitment to strengthening its people strategy, nurturing a progressive culture, leveraging technology and maintaining strong industrial relations.
Sharing his thoughts on this accomplishment, Lasitha Wimalarathne, Executive Director / Chief Executive Officer of HNB Assurance PLC, stated, “This recognition reiterates our belief that people are the true drivers of our success. Over the years, we have invested significantly in building an environment where our teams feel inspired and supported to deliver their best. As we continue to grow as one of Sri Lanka’s best insurance companies, this award reflects our ongoing efforts to build a workplace where both our people and our business can thrive. My sincere thanks go out to our HR team for continuously driving these initiatives.”
Commenting on the award, Navin Rupasinghe, Head of HR / DGM at HNB Assurance PLC, said, “Our people-first philosophy shapes every HR initiative we design, from strengthening learning pathways and leadership development to enhancing employee well-being and engagement. This recognition validates our ongoing efforts to build a workplace culture grounded in trust, inclusivity and performance. As we look ahead, we remain committed to evolving our HR practices to meet the expectations of our people and the future of work. My sincere thanks to the CIPM for this recignition.”
Business
MullenLowe Sri Lanka named Creative Agency of the Year in South Asia
MullenLowe Sri Lanka has been awarded Gold as the Rest of South Asia’s Creative Agency of the Year at the Campaign Agency of the Year Awards 2025, held recently at Mumbai’s ITC Maratha Hotel. The accolade marks a landmark year for the agency, driven by breakthrough ideas, ambitious brands, and a surge in economic activity.

Campaign Agency of the Year – South Asia 2025 (Rest of South Asia – Creative Agency) awarded to MullenLowe Sri Lanka
Guided by a clear creative vision and extensive category expertise across 111 brands in 33 sectors, MullenLowe strengthened its position through strategic leadership appointments, talent acquisition, and the integration of AI-enabled tools. These initiatives created an environment where creativity, learning, and commercial impact worked in tandem, supporting long-standing client relationships and consistent new business momentum.
Thayalan Bartlett, Executive Chairman, said, “Our growth is rooted in a people-first, creative-centred culture. By attracting top talent and focusing on continuous upskilling, we have enriched both our creative and strategic capabilities.”
The agency’s innovation was further enhanced by Fever, its AI-enabled production studio, and LoweGo, a subscription-based design unit, enabling faster and more scalable solutions for modern marketers. Training programs, including an international AI workshop in Baku for top creative minds, helped unify teams around technology-driven creativity, leading to MullenLowe’s highest Effie points haul in a decade.
Harendra Uyanage, Senior Vice President and Executive Creative Director, added, “This recognition celebrates a team that constantly stretches its creative boundaries, transforming every brief into opportunity.”
The win adds to a series of recent accolades, including Most Effective Agency of the Year at the 2024 Effie Awards, and multiple awards at Dragons of Sri Lanka and SLIM Digis 2025, cementing MullenLowe’s vision to become Sri Lanka’s most commercially impactful creative company by 2030.
Business
ComBank named Sri Lanka’s Best Trade Finance Bank at Euromoney Awards 2025
The Commercial Bank of Ceylon PLC was named Sri Lanka’s Best Trade Finance Bank at the prestigious Euromoney Transaction Banking Awards 2025, in recognition of the Bank’s strong performance and continued contribution to supporting Sri Lanka’s export and import sectors.
This global recognition from Euromoney, a leading authority in financial markets, celebrates institutions that demonstrate innovation, leadership, and measurable impact in transaction banking across cash management, payments, trade finance, and technology. Commercial Bank is Sri Lanka’s clear market leader in trade finance, commanding a 21% share in exports and a 14.26% share in imports, demonstrating its strong presence across both segments.
In 2024, the Bank supported over US$ 5 billion in trade transactions, underscoring its unmatched role in enabling the flow of goods, services, and foreign exchange. Its leadership has also been recognised regionally by the Asian Development Bank (ADB), which named Commercial Bank its Leading Partner Bank in Sri Lanka for the fourth consecutive year under the Trade and Supply Chain Finance Programme.
At the forefront of Commercial Bank’s recent innovations is ComBank TradeLink, Sri Lanka’s first fully integrated, end-to-end digital trade finance platform. The system brings all trade finance operations – from Letters of Credit to export collections and shipping guarantees – into one secure online interface, providing customers real-time visibility, faster processing, and paperless convenience. This digitalisation drive has redefined the client experience, reduced manual processes and improved turnaround times across thousands of transactions.
The Bank’s commitment to advancing Sri Lanka’s trade sector extends beyond technology. Through initiatives such as the ComBank Trade Club, which facilitates connections between buyers and suppliers both locally and internationally, and ComBank LEAP | GlobalLinker, a digital business networking platform for SMEs, the Bank is actively building bridges between Sri Lankan entrepreneurs and global markets. Its Diribala Exporter Development Programme further empowers micro, small, and medium enterprises to become export-ready, providing access to expert guidance, training, and financial support.
Reflecting on the award, Commercial Bank said the recognition from Euromoney was a tribute to the trust placed in the Bank by Sri Lanka’s exporters and importers, and to the dedication of its trade finance teams who continue to innovate and deliver excellence in a rapidly evolving global landscape.
As Sri Lanka’s largest private sector bank and the first to surpass US$ 1 billion in market capitalisation, Commercial Bank continues to lead in supporting national trade, driving digital transformation, and shaping a more inclusive and resilient export economy, the Bank said.
Commercial Bank was the first bank in the country to be listed among the Top 1000 Banks of the World, and has the highest Tier I capital base among all Sri Lankan banks. The Bank is the largest private sector lender in Sri Lanka and the largest lender to the country’s SME sector. Commercial Bank is also a leader in digital innovation and is Sri Lanka’s first 100% carbon-neutral bank.
Commercial Bank operates a network of strategically located branches and automated machines island-wide, and has the widest international footprint among Sri Lankan banks, with 20 branches in Bangladesh, a fully-fledged Tier I Bank with a majority stake in the Maldives, a microfinance company in Myanmar, and a representative office in the Dubai International Financial Centre (DIFC). The Bank’s fully owned subsidiaries, CBC Finance Ltd. and Commercial Insurance Brokers (Pvt) Limited, also deliver a range of financial services via their own branch networks.
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