Connect with us

News

Mitsubishi to end operations in Sri Lanka after six decades!

Published

on

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

Prasanna Ranaweera’s writ petition rejected

Published

on

By

The Court of Appeal has dismissed a writ petition filed by former State Minister Prasanna Ranaweera seeking an order to prevent his arrest in connection with a case against the alleged illegal acquisition of state land under the jurisdiction of the Kelaniya Divisional Secretariat.

The order was issued by a bench comprising the President of the Court of Appeal, Justice Mohammed Laffar Tahir and Justice Priyantha Fernando.

Former Minister Mervyn Silva and several others are currently in remand custody, as ordered by the Mahara Magistrate’s Court, in connection with the same incident.

Continue Reading

News

CBK files a complaint to EC

Published

on

By

Former President Chandrika Bandaranaike Kumaratunga has submitted a written complaint to the Chairman of the Election Commission – R.M.A.L. Rathnayake, alleging the unauthorized use of her name and photograph in election campaigning.

In her letter, she claims that UPFA candidates in the Attanagalla electorate are distributing handouts with her photograph without her consent, alongside those of Lasantha Alagiwanna and Sarana Gunawardena,

She also mentioned that she had previously instructed all candidates not to use her name or photograph in any form.

As this constitutes a violation of election laws, she has requested to immediately halt these activities.

Continue Reading

News

03 ex-ministers to face legal action soon – President

Published

on

By

President Anura Kumara Dissanayake has stated that legal action will soon be taken against 03 former ministers accused of using vehicles without proper registration.

He made this statement while addressing a public meeting held in Beruwala.

“No village would even drive a motorbike on the roads without registering it. But there was a time when ministers of this country had imported vehicles even when it was forbidden to do so. They use those vehicles without licenses and with fake number plates. They think that the law does not apply to them,” he said.

Continue Reading

Trending

Copyright © 2024 Sri Lanka Mirror. All Rights Reserved