News

Mitsubishi to end operations in Sri Lanka after six decades!

Published

2 years ago

February 10, 2023

editor

Mitsubishi Corporation, one of the leading business enterprises of Japan, has decided to end its operations in Sri Lanka next month.

Among reasons to close the office are Sri Lanka’s default of external debt, the cancellation of several Japanese project proposals including the light rail project, the bio gas project and adverse international ratings and economic outlook.

Mitsubishi played a significant role in the bilateral relationship between Japan and Sri Lanka while contributing to the business of many Sri Lankan companies.

The decision to end operations in Colombo by March 31 had been a shocking news to the private sector while local and foreign companies have said that Sri Lanka will suffer a major setback due to this decision.

Japan is Sri Lanka’s largest lender and Sri Lanka owed Japan USD 2.46 billion as of September last year.

Sources said that the Sri Lanka office was one of the first offices Mitsubishi opened overseas.

Mitsubishi was a key operating partner in several projects funded by the Japan International Cooperation Agency (JICA).

Although the Colombo Mitsubishi office has only a staff of 20, the company’s business and projects have provided livelihood to thousands of Sri Lankans.

News

Lorry carrying explosives seized on Habarana-Trinco road

Published

3 hours ago

June 30, 2025

editor

Police have seized a lorry transporting explosives along the Habarana-Trincomalee main road.

According to police, officers attached to the Hatharas Kotuwa Police had stopped and inspected the vehicle during a routine check, during which they discovered a bag containing C-4, a highly explosive substance, hidden beneath the dashboard near the driver’s seat.

The seized stock of explosives had weighed 156.07 grams.

The lorry driver was taken into custody.

BIZ

CAA warns of improperly labeled salt products

Published

6 hours ago

June 30, 2025

editor

The Consumer Affairs Authority (CAA) has warned to prosecute importers and retailers selling salt without proper labels, including missing manufacturer/importer info and retail price.

The public is advised not to buy such products, while distributors have urged to maintain valid invoices with supplier details or face legal consequences.

News

New Police Media Spokesman named

Published

6 hours ago

June 30, 2025

editor

The Police Media Division has announced that Assistant Superintendent of Police (ASP) F.U. Wootler has been named as the new Police Spokesperson, effective immediately.

ASP Wootler takes over the role from Senior Superintendent of Police (SSP) Buddhika Manatunga, who has been transferred to serve as the Officer-in-Charge of the Polonnaruwa Division.