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Monday November 9th, 2026

Sri Lanka’s struggle with single-use plastics: Why bans alone fall short

The escalating crisis of plastic pollution poses a significant threat to both the health of the planet and human well-being.

Among the plastic pollutants, Single-use plastics (SUPs) have become a major driver of pollution on land and in oceans. The SUPs are disposable plastic items made for one-time use—bags, packaging, straws, and bottles—that are quickly discarded after use. In 2021, they accounted for an estimated 139 million metric tonnes of global plastic waste.

Over the last decade, Sri Lanka has made notable progress in limiting SUPs through legislative bans, due to their significant threat to ecosystems, human health, and industries such as tourism and fisheries. However, roughly 70% of plastic waste is still SUPs.

The core issue is not a lack of regulations but rather the absence of meaningful implementation and enforcement. To truly “beat plastic pollution,” Sri Lanka must look beyond bans and build a robust policy framework that addresses the full lifecycle of plastic products.

The Scale of the Problem

Plastic waste in Sri Lanka has reached concerning levels. The country generates over 1.6 million metric tonnes of plastic waste annually, of which an estimated 70% is SUPs. A recent study estimated that Sri Lanka disposed of 20 million yoghurt cups, 15 million lunch sheets, 20 million supermarket bags, and one million sachet packets of sauce, jam, and shampoo monthly.

Approximately 171,561 tonnes, or around 69% of Sri Lanka’s annual plastic waste, remains unmanaged. This includes uncollected plastic waste that may be buried or burned, as well as fractions that escape into the environment during waste management processes. Beaches like Unawatuna and Mirissa, popular among tourists, are often littered with plastic debris such as polythene bags, straws, and food wrappers. This not only damages the island’s reputation as a tropical paradise but also poses a threat to the tourism industry, which contributed 7.8% to the national GDP in 2023, and marine life. Pollution from SUPs can lead to tourists’ dissatisfaction with beach cleanliness, which may result in a decline in visitor numbers, job losses, and reduced foreign exchange earnings.

Sri Lanka’s coastal zones are increasingly impacted by plastic debris, with marine life threatened by ingestion and entanglement. The country’s marine biodiversity hotspots, such as Bar Reef in Kalpitiya and Pigeon Island near Trincomalee, are under constant threat from plastic pollution. Floating plastics damage coral reefs, which are critical fish breeding grounds. Microplastics are now documented even in marine fish species consumed locally, raising public health concerns.

Clogged stormwater drains, particularly in urban areas like Colombo, result in flash floods, damaging infrastructure and displacing low-income urban populations. Stagnant water from blocked drains becomes a breeding ground for mosquitoes, contributing to diseases such as dengue, which saw over 24,000 cases from January to May in 2024.

Policy Efforts So Far: A Step in the Right Direction

Sri Lanka has undertaken several initiatives to address waste management, particularly targeting single-use plastics. Key regulatory measures include bans implemented by the Central Environmental Authority (CEA) on polythene less than 20 microns (January 2007). Recognising the environmental damage, Sri Lanka began enforcing bans on various SUPs in 2017, starting with thin polythene bags. In 2021, this expanded to include sachets, inflatable toys, and cotton buds with plastic stems. Most recently, in October 2023, nine more SUPs—including plastic straws, stirrers, cups, plates, and string hopper trays—were banned from manufacturing, import, sale, and use.

The Ministry of Environment (MoE) has established a Committee on Plastics and Polythene Waste Management to review and develop policies, while an Extended Producer Responsibility (EPR) scheme is being piloted in sectors such as food, cosmetics, and pharmaceuticals. Infrastructure projects like the Kerawalapitiya Waste-to-Energy Plant and the Aruwakkalu Sanitary Landfill Site serve the Western Province’s long-term waste disposal needs.

These policies were spearheaded by the CEA and the MoE, with support from civil society. On paper, the bans represent a proactive environmental stance. But the real-world results tell a different story. Despite these efforts, challenges persist due to weak enforcement, poor coordination, a limited local plastic recycling market, and limited alternatives for banned plastics.

Are Bans Working?

Despite regulatory progress, SUPs remain widespread in Sri Lankan markets. A 2023 study in Anuradhapura found that more than half of retailers continued to offer banned plastic items due to poor-quality alternatives, customer demand, and lack of enforcement. Meanwhile, enforcement efforts, such as raids conducted by the Central Environmental Authority, show how widespread and difficult handling illegal plastic production remains.

Additionally, many consumers are unaware of the bans or find the biodegradable substitutes too expensive or inconvenient. Some banned plastic items continue to enter the Sri Lankan market through informal and poorly regulated import channels, making them easily accessible in urban markets and local shops.

Policies Must Go Beyond Bans

Sri Lanka is planning Extended Producer Responsibility (EPR) initiatives, holding manufacturers and importers accountable for the entire lifecycle of plastic products, thereby promoting better packaging designs and take-back systems. The CEA has announced plans to introduce new laws requiring companies using plastic packaging and bottles to collect them after use, aiming to create a closed-loop system for plastic waste management.

The Sri Lanka Institute of Packaging (SLIP) is committed to driving sustainable change in the packaging industry by promoting innovation and environmentally responsible policies. These efforts are complemented by government-backed tax incentives and subsidies, particularly for hotels adopting eco-friendly practices. SLIP, in collaboration with Clean Sri Lanka, conducts targeted awareness programmes focused on environmentally sustainable packaging. These initiatives align with national environmental goals, promoting eco-friendly packaging practices. Collectively, these efforts bridge the gap between policy and practical implementation, strengthening environmental stewardship and advancing Sri Lanka’s transition to a circular economy.

Nationwide awareness campaigns are essential to shift public perception and habits regarding plastic use. The Environmental Education and Awareness Unit has a big responsibility to advocate for the schools and communities.

The National Environmental Act, under Section 31, stipulates penalties for violations of waste management provisions, emphasising the seriousness with which the government views proper waste management and serving as a deterrent against non-compliance. However, local authorities often face challenges in effectively performing their waste management duties due to factors like a lack of commitment and resources.

The National Plastic Waste Inventory serves as a crucial tool for informed decision-making, enabling both national and local governments to monitor evolving trends in plastic waste management, make well-informed decisions, and track the progress of implementing policies and action plans. Furthermore, the National Action Plan on Plastic Waste Management 2021–2030 outlines strategies to address plastic waste issues, including establishing consensus among stakeholders and creating a sense of ownership for the action plan.

A circular economy for plastics provides a sustainable road ahead, asking us to reconsider how we design, manufacture, consume, and reuse plastic.

The transition to a circular economy for plastics necessitates the collaboration of various sectors across the plastic value chain, including governments, businesses, consumers, and innovators, assuring social equity and leaving no one behind.

Conclusion: A Call for Systemic Change

Sri Lanka has demonstrated political will by implementing multiple plastic bans. Yet, the persistence of SUPs in our markets and communities reveals a deeper challenge: Systemic change is hard, but necessary. To truly beat plastic pollution, Sri Lanka must move from paper policy to practical, enforceable, and sustainable solutions.

Sri Lanka rupee closes at 332.53/59 to US dollar spot, bond yields edge up

ECONOMYNEXT – Sri Lanka’s rupee closed at 332.53/59 to the US dollar spot on Monday, from 332.55/60 the previous day, while bond yields closed higher, dealers said.

A bond maturing on 15.09.2029 closed at 190/98 percent, up from 10.85/95 percent.

A bond maturing on 01.08.2030 closed at 11.07/12 percent, up from 11.05/10 percent.

A bond maturing on 01.02.2031 closed at 11.30/40 percent, up from 11.10/15 percent.

A bond maturing on 15.12.2032 closed at 11.65/70 percent, up from 11.55/65 percent.

A bond maturing on 01.11.2033 closed at 11.95/12.00 percent, up from 11.90/95 percent.

A bond maturing on 15.10.2034 closed at 12.10/15 percent, up from 12.05/12 percent.

A bond maturing on 15.08.2036 closed at 12.40/50 percent, up from 12.30/40 percent. (Colombo/Nov9/2026)

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Sri Lanka stocks close up 1.37-pct, banks lead turnover

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange closed up on Monday, CSE data showed, with the benchmark All Share Price Index moving up 1.37 percent.

The ASPI was up 291.72 points at 21,531.37, while the more liquid S&P SL20 was up 1.67 percent, or 100.96 points, at 6,146.34.

Positive contributors to the ASPI were Commercial Bank of Ceylon (up 2.86 percent at 216.00 rupees), Hatton National Bank (up 1.52 percent at 399.75 rupees), Asiri Hospital Holdings (up 12.86 percent at 31.60 rupees), Tokyo Cement Company (up 5.22 percent at 84.70 rupees), and Access Engineering (up 3.93 percent at 81.90 rupees).

Carson Cumberbatch (down 4.24 percent at 712.00 rupees), Richard Pieris and Company (down 2.43 percent at 28.10 rupees), LOLC Holdings (down 0.62 percent at 400.00 rupees), Renuka Holdings (down 2.63 percent at 37.00 rupees), and Chevron Lubricants Lanka (down 0.61 percent at 204.25 rupees) were top negative contributors.

Market turnover was 3.33 billion rupees. The S&P/CSE Banks Industry Group led turnover with 667.76 million rupees.

The session saw heavy crossings, according to Raynal Wickremeratne, Head of Research and Strategy at NDB Securities. Significant crossings included Keells (23 million rupees), Distilleries Company (27.7 million rupees), Sunshine Holdings (30.6 million rupees), Commercial Bank (32.4 million rupees), Ceylon Tobacco Company (35.6 million rupees), Hatton National Bank (39.5 million rupees), Prime Lands (40.5 million rupees), and HAS Holdings (41.5 million rupees).

In corporate news, Hayleys Retail Holdings Ltd announced it has partnered with supply chain software provider Blue Yonder to build and scale an AI-native grocery supermarket chain across Sri Lanka. (Colombo/Nov09/2026)

 

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Sri Lanka’s Hayleys Retail to launch supermarket chain with Blue Yonder

ECONOMYNEXT — Hayleys Retail Holdings Ltd has selected supply chain software provider Blue Yonder to build its grocery retail operations from the ground up, the two companies said in a joint statement.

Hayleys Retail, a member of Sri Lanka’s diversified conglomerate Hayleys Group, plans to open several stores in the near future to serve consumers across the country. The agreement marks Blue Yonder’s first retail customer in Sri Lanka.

“Our entry into supermarket retail is about bringing that same commitment to quality and reliability closer to everyday Sri Lankan consumers,” Mohan Pandithage, Chairman and Chief Executive of Hayleys PLC said.

“With Blue Yonder, our teams will have AI-driven insight to deliver a seamless, consistent shopping experience across every store,” he said.

Hayleys, which accounts for approximately 5 percent of Sri Lanka’s export income and operates across 17 business sectors, is entering the large-scale supermarket space by drawing on its group strengths in manufacturing, logistics, and services.

The company selected Blue Yonder to connect its data across merchandising and shelf space, deploy artificial intelligence agents to catch operational issues early, and scale its business into a national network without changing platforms.

The rollout will begin with merchandise operations to manage suppliers, items, costs, and pricing, followed by machine learning capabilities to forecast demand and balance store inventory during seasonal peaks.

“Hayleys Retail is choosing one where AI is the foundation rather than an add-on—connected data and agentic AI built into core merchandising operations, and planning that learns as the business grows,” Antonio Boccalandro, President, APAC at Blue Yonder said.

The retailer plans to use the platform to automate routine store tasks and adjust inventory according to real-time sales and local market trends as its store footprint grows. (Colombo/Nov09/2026)

 

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Sri Lanka’s Citrus Leisure extends Lotus Tower management pact

ECONOMYNEXT – Sri Lanka listed hospitality firm Citrus Leisure said it has extended an agreement to manage consumer-facing and entertainment spaces at the Colombo Lotus Tower, which includes revolving restaurant Blue Orbit, until June next year.

The initial agreement signed between Citrus Leisure and Colombo Lotus Tower Management Company (Private) Limited (CLTMC) is due to expire on December 11.

“The Board of Directors of CLTMC at meeting held on 2nd November 2026 has resolved to extend the term of the Management Agreement and continue the existing Management Agreement until 30th June 2027, to which the company has given its concurrence,” the company said in a market filing.

Citrus Leisure Plc opened its revolving restaurant at the Lotus Tower in December 2023.

The company signed a 3-year agreement with CLTMC in May 2023 to provide services in the management of (l) the banquet hall 1 on the 25th floor, (2) the banquet hall 2 on the 26th floor, (3) the revolving restaurant on the 27th floor, (4) the 6 suites situated on the 28th floor and the kitchen in the basement floor of the Colombo Lotus Tower.

The 350-meter or 1,150-feet tower, the tallest in South Asia, was built at a cost 104.3 million US dollars with 80 percent of the money borrowed from Exim Bank of China.

Located in the commercial heart of Colombo, the tower has been called a symbolic landmark of Sri Lanka as well as a colossal white elephant and has been mired in controversy for years. (Colombo/Nov9/2026)

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CIC Holdings Sept quarter net profit rises 20-pct to Rs1.7bn

ECONOMYNEXT — Sri Lanka conglomerate CIC Holdings recorded a net profit of 1.66 billion rupees for the quarter ended September 30, rising 20.3 percent from 1.38 billion rupees in the same quarter last year, interim accounts showed.

The group posted basic earnings per share of 0.87 rupees for the September quarter, up from 0.73 rupees a year earlier.

Quarterly revenue grew 3.4 percent to 20.89 billion rupees from 20.20 billion rupees, supported by broad-based growth across industrial solutions, livestock, and healthcare segments, which counterbalanced relative demand moderation in agricultural inputs.

Cost of sales rose 5.3 percent to 15.20 billion rupees, outpacing revenue growth and causing gross profit to contract marginally by 1.2 percent to 5.68 billion rupees.

Results from operating activities dropped 7.3 percent to 2.66 billion rupees from 2.87 billion rupees, impacted by higher operating overheads.

Selling expenses expanded 6.8 percent to 2.15 billion rupees, and general and administrative expenses climbed 5.8 percent to 1.07 billion rupees, while other operating income dropped 29.6 percent to 117.40 million rupees.

However, operating profits were cushioned by an impairment reversal on trade receivables of 85.83 million rupees, turning around from an impairment provision of 23.38 million rupees in the corresponding quarter last year.

Net finance costs climbed 35.4 percent to 712.25 million rupees from 526.01 million rupees.

The increase was driven by a 30.8 percent rise in finance expenses to 771.46 million rupees, primarily reflecting higher interest expenses on loans to finance elevated working capital and inventory requirements.

The quarter’s bottom line was strongly bolstered by CIC’s equity-accounted investment in John Keells Holdings PLC (JKH).

Share of profit from equity-accounted investees surged more than fourfold to 590.50 million rupees from 257.87 million rupees, driven by JKH’s strong profit expansion during the period.

The group also recognized a gain on bargain purchase of 55.59 million rupees during the quarter resulting from additional share purchases in JKH where the proportionate net asset value exceeded acquisition cost, compared to no such gain a year earlier.

With associate income gains offsetting operating margin contraction and higher borrowing costs, group pre-tax profit held virtually flat at 2.59 billion rupees, down 0.11 percent.

Income tax expense fell 29.4 percent to 606.24 million rupees from 858.71 million rupees, driving total group profit for the period up 14.1 percent to 1.98 billion rupees.

Total group assets stood at 108.58 billion rupees as of September 30, up from 99.75 billion rupees at the end of March 2026.

Group net asset value per share increased to 25.52 rupees from 22.10 rupees a year earlier.

CIC Holdings’ ordinary voting shares closed at 27.80 rupees at the end of September.(Colombo/Nov09/2026)

 

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Sri Lanka stocks trend up; ASPI gains 0.78-pct

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange was trading higher on Monday, CSE data showed, with the benchmark All Share Price Index moving up 0.78 percent.

The ASPI was up 165.73 points at 21,405.38, while the more liquid S&P SL20 was up 0.61 percent, or 37.04 points, at 6,082.42.

Positive contributors to the ASPI were Commercial Bank (up 1.55 percent at 213.25 rupees), Ceylon Cold Stores (up 2.61 percent at 128.00 rupees), Asiri Hospital Holdings (up 10.00 percent at 30.80 rupees), Hemas Holdings (up 1.27 percent at 32.00 rupees), and Ambeon Holdings (up 6.02 percent at 37.00 rupees).

Namunukula Plantations (down 3.92 percent at 63.70 rupees), LOLC Holdings (down 0.62 percent at 400.00 rupees), and Chevron Lubricants Lanka (down 0.12 percent at 205.25 rupees) were top negative contributors.

Market turnover was 428.31 million rupees. Capital goods led turnover with 82.53 million rupees. (Colombo/Nov09/2026)

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