Business
Focus on Sri Lanka’s plastic waste management
By Manjula de Silva, Secretary General and CEO, Ceylon Chamber of Commerce
Each year, over 640,000 metric tonnes of plastic leak into the Indian Ocean from Sri Lanka (Clean Cities, Blue Ocean, June 2020). The Western Province alone generates around 7500 metric tons of solid waste every day, out of which only 3500 metric tons are collected (Central Environmental Authority, 2018). Of this, close to 15% become compost, 10% is recycled and 75% is thrown into open dumps. While plastics have made essential products more accessible, the impact to the environment needs to be addressed.
As consumerism evolves, the earth continues to suffer. For over half a century, consumers have been placed at the forefront to bear the brunt of the burden they have placed on the Earth. But, are consumers only to blame? Consumers are a key stakeholder in the waste management process but they share this responsibility alongside legislators, civil society, importers of plastic and, producers who use plastic in their manufacturing and packaging processes.
Today’s consumers are even more aware of what they consume and hold these products, services and brands to renewed standards of transparency and accountability. Due to this, the conversation on sustainability among brands has shifted from a mere marketing gimmick, to a legitimate requirement that is demanded by the next generation of consumers, the world over.
The 3 Rs of responsible waste management – Reduce, Reuse, Recycle will remain the holy mantra across the spectrum of sustainability. However, as producers take up accountability, we have to ask the important questions. Are organizations able to switch to plastic alternatives and meet their current demands? How will this affect the product design and its safety for consumption? Elimination and reduction will only take away from the end consumer’s ease of access to the product. The end consumers in this case, are Sri Lankans like you and I.
This is where Extended Producer Responsibility comes into play. According to the Organization for Economic Co-Operation and Development, Extended Producer Responsibility (EPR) is a policy mechanism through which producers are given the responsibility (either financial and/or physical) for the treatment or disposal of post-consumer products. EPR is a critical tool in driving linear economies into a circular economy, as they supplement an extended product cycle even after the products initial use. Assigning such responsibility could in principle, provide incentives to prevent waste at the source, promote environmentally friendly product design and support the achievement of the national recycling goals.
EPR is systematic approach to ensuring commitment to the waste hierarchy of the 3 Rs by facilitating producers to remain responsible in the treatment and disposal of post-consumer products. This at present, is a more sustainable tool over bans as most products are created for utility and cannot be removed from the market overnight. For recyclable items such as PET (Polyethylene terephthalate) and HIPS (High Impact Polystyrene) plastic, better alternatives need to be sought which encourage recovery and recyclability.
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”
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