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Thursday July 18th, 2024

Sri Lanka marine pollution; 18 brands linked to 53-pct of washed-up waste

ECONOMYNEXT – Packaging of a dozen Sri Lanka firms making 18 consumer goods brands made up over 53 percent of marine waste washing on the island’s shores, a survey by a conservation organization has found.

About 15 percent of the waste in the survey could not be identified by name and some of it could be from abroad. About 3 percent of the waste was identified as being transboundary material coming from South Asia and East Asia.

Pearleprotectors, a marine conservation organization, had conducted the survey on three days of September at 16 locations in the Western, Southern and Eastern shores of Sri Lanka.

“The analysis highlights the top 18 product names (brands) responsible for the largest percentage of marine waste in Sri Lanka,” a Marine Pollution Brand Audit by the group said.

“53% of all marine waste has been credited to one of the top 18 product names.”

The branded waste was where labels were visible.

“13% of all surveyed marine waste was categorized as ‘unbranded’ due to lack of visible label to identify the Product name or the company name,” the report said.

“Based on visual characteristics, many PET bottles had a distinct linkage to few of the top PET bottle manufacturing companies mentioned in the analysis.”

The surveyors had collected 8,057 items from the 16 beaches of which 6,865 could be traced to known brands. Another 1,038 did not have clear labels and 154 were from abroad (transboundary).

Among the branded waste, around 80 percent had come from 20 firms.

Unilever (14%), The Coca-Cola company (10%), Ceylon Biscuits Limited (9%), Nestle (7%), Cargills Ceylon PLC (7%), Maliban Biscuit Manufacturers Pvt Ltd (6%), Perfetti Van Melle (6%), Ceylon Cold Stores PLC (5%) and Hemas Holdings PLC (4%) accounted for the to 10.

The balance came from Prima Ceylon Pvt Ltd (4%), Fonterra Cooperative Group Ltd (3%), PepsiCo, Inc. (3%), Lanka Milk Foods (CWE) PLC (2%), Milco Pvt Ltd (2%).

At least one company had collected its branded bottles from a beach included in the survey the day before.

“This may have had an impact on the analyzed data depending on the amount of waste owning to the company which was removed,” the report said.

“While we believe it is important to be responsible for the waste generated by each of the companies, we hope the companies will sustain the collection back or removal of waste rather than being a one-time removal.”

“13% of all surveyed marine waste was categorized as ‘unbranded’ due to lack of visible label to identify the Product name or the company name,” the report said.

“Based on visual characteristics, many PET bottles had a distinct linkage to few of the top PET bottle manufacturing companies mentioned in the analysis.”

The surveyors had collected 8,057 items from the 16 beaches of which 6,865 could be traced to known brands. Another 1,038 did not have clear labels and 154 were from abroad (transboundary). (Colombo/Dec24/2022)

Comments (2)

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  1. Dinesh says:

    We need to tax these polluters. That’s the only way these companies will be pushed to take any meaningful action.

  2. Menaka says:

    Sustainable packaging should be something these corporates should be looking at as they do have sustainability linked goals. Sri Lankans should also be educated on disposing of such waste responsibly.

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Your email address will not be published. Required fields are marked *

  1. Dinesh says:

    We need to tax these polluters. That’s the only way these companies will be pushed to take any meaningful action.

  2. Menaka says:

    Sustainable packaging should be something these corporates should be looking at as they do have sustainability linked goals. Sri Lankans should also be educated on disposing of such waste responsibly.

Sri Lanka to conduct threat assessments for presidential candidates

ECONOMYNEXT – Sri Lanka’s President Ranil Wickremesinghe has submitted a cabinet paper proposing security measures for presidential candidates and former presidents, following the recent attack on former US President Donald Trump during a campaign rally in the USA.

“This proposal suggests the appointment of a committee to conduct threat assessments and provide necessary security for Presidential candidates as well as former Presidents,” a statement from his media division said.

The committee will include the Secretary of the Ministry of Public Security as Chair, the Chief of Defence Staff, the Inspector General of Police, the Chief of National Intelligence, and the Senior Deputy Inspector General of Police/Elections.

A Deputy Inspector General of Police will be appointed to oversee all security arrangements.

The committee and the designated officer will work closely with the Election Commission to ensure seamless coordination of security arrangements, the PMD said.

After today, July 17, Sri Lanka’s Election Committee is empowered to announce a date for the presidential polls due to be held this year.

Minister of Foreign Affairs M U M Ali Sabry has said the election will be held on October 5 or 12.

Members of the Samagi Jana Balawegaya (SJB) have said that the government should be accountable for the security of Opposition Leader Sajith Premadasa, the SJB’s presidential candidate. (Colombo/Jul17/2024)

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Sri Lanka rupee closes flat at 303.80/304.00 to US dollar

ECONOMYNEXT – Sri Lanka’s rupee closed almost flat at 303.80/304.00 to the US dollar on Wednesday, from 303.70/304.00 to the US dollar on Tuesday, dealers said, while bond yields were down.

A bond maturing on 15.12.2026 closed at 10.60/75 percent, down from 10.82/92 percent.

A bond maturing on 15.12.2027 closed at 11.60/38 percent, down from 11.65/75 percent.

A bond maturing on 01.05.2028 closed at 11.72/78 percent, down from 11.80/90 percent.

A bond maturing on 15.09.2029 closed at 12.05/10 percent, down from 12.05/20 percent. (Colombo/Jul17/2024)

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Sri Lanka stocks close down, John Keells, Hemas, Hayleys push turnover

ECONOMYNEXT – The Colombo Stock Exchange closed down on Wednesday, data on its site showed.

The broader All Share Index closed down 0.41 percent, or 48.44 points, at 11,830; while the more liquid S&P SL20 Index closed down 0.52 percent, or 17.91 points, at 3,456.

Turnover was 1.2 million. A big part of this (Rs597mn) came from John Keells Holdings Plc (down at 194.25).

“There was foreign buying interest on John Keells and Hemas,” Softlogic Stockbrokers said.

“We saw foreign interest in selective counters persist.”

Hemas Holdings Plc contributed Rs143mn to the turnover, and the share closed down at 81.10.

Hayleys Plc contributed Rs156mn to the turnover, and the share closed up at 101.50.

The three crossings made up 67 percent of the turnover.

The capital goods counters, with all the bluechips, was the leading sector contributing to the day’s turnover.

With the exception of Hayleys and a couple of other companies, the counter saw most stocks close down or flat.

Sentiment around the banking counters also remained negative.

“The volatility in investor sentiments persisted. There are a lot of spectators in the market over the last few weeks, despite some positive news coming in.”

Treasury bill and bond rates have also dropped.

The top contributors to the ASPI were Melstacorp Plc (up at 86.00), SMB Finance Plc (up at 0.70), and TeeJay Lanka Plc (up at 40.00).

There was a net foreign inflow of 392 million. (Colombo/Jul17/2024)

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