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Another Japanese company pulls out of SL

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Close on the heels of Mitsubishi Corporation winding up its operations in Sri Lanka, another Japanese company Taisei Corp, too, has decided to pull out as Sri Lanka’s economic crisis makes doing business difficult, said a report published by the Nikkei Asia on Saturday.

The report said: Trading house Mitsubishi says it will close its Colombo office at the end of March, citing “changes in the economic environment.” The office was set up to gather information and to serve as a liaison with the headquarters in Japan.

The company handles engineering, procurement and construction for power plants and trades in steel and chemical products in Sri Lanka. Projects already in progress will continue and be managed by staff in neighbouring countries.

In March 2020, engineering group Taisei won a contract worth 62 billion yen ($462 million at current rates) for the construction of a four-story passenger terminal building, an elevated bridge and more for the second phase of the expansion of the Bandaranaike International Airport near Colombo.

As the economic turmoil deepened, the Japan International Cooperation Agency stopped lending to state airport operator Airport and Aviation Services (Sri Lanka), drying up funds for the project. The engineering company is negotiating with the airport operator to cancel the project and is in the process of liquidating the project. It has apparently booked losses on the project.

“We will refrain from commenting on individual projects,” the company said.

JICA is not expected to withdraw funding for the airport construction itself and will likely look for another company to take over. Sri Lankan media have reported that a Chinese company was interested in the project, but the JICA loan is conditioned on participation by Japanese companies.



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Second lot of luxury and decommissioned vehicles owned by the Presidential Secretariat sold

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The second phase of the auction to sell luxury and decommissioned vehicles owned by the Presidential Secretariat was successfully concluded today (15 May), with the auction taking place as scheduled.

A total of 26 vehicles, previously allocated to former Ministers and the former President, to their advisors and staff appointed under Article 41(1) of the Constitution during their tenure, were listed for sale. Out of these, 17 vehicles were successfully sold today.

The auctioned vehicles included:

1 BMW car
2 Ford Everest SUVs
1 Hyundai Terracan SUV
2 Land Rover SUVs
1 Mitsubishi Montero
3 Nissan Patrol vehicles
2 Nissan brand cars
1 Porsche Cayenne
5 SsangYong Rexton SUVs
1 Toyota Land Cruiser Sahara
6 V8 vehicles
1 Mitsubishi Rosa air-conditioned bus

With the aim of reducing government expenditure and promoting fiscal responsibility, a decision was taken to auction the vehicles belonging to the Presidential Secretariat.

There was a high demand for the purchase of these vehicles and over Rs. 200 million in revenue was generated through their sale at the auction held today.

There was significant interest in the auction, with 108 bidders participating.

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President approves establishment of Anti-Corruption Investigation Units in Provincial Councils and LG Institutions

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President Anura Kumara Disanayake has approved the establishment of dedicated anti-corruption investigation units within provincial councils and local government institutions, aiming to combat corruption and administrative inefficiencies. The decision follows a request by provincial governors during a high-level discussion held at the Presidential Secretariat today (15).

During the meeting, President Disanayake emphasised that provincial governors bear the primary responsibility for driving development initiatives and ensuring accountability within their respective provinces. He noted, “Strengthening governance mechanisms is critical to addressing systemic challenges and achieving equitable progress.”

Among the key decisions taken was the creation of anti-corruption investigation units modelled after similar bodies operating at the ministerial level. These units will be tasked with monitoring financial transactions, investigating irregularities and enforcing transparency in development projects. The initiative aligns with the government’s broader agenda to eliminate malpractice in public institutions.

The discussion also highlighted that provincial councils have received three times the financial allocations compared to the previous fiscal year. However, governors raised concerns regarding delays and bureaucratic hurdles in utilising these funds effectively. In response, President Disanayake directed officials to streamline procedures and adopt results-oriented mechanisms to accelerate infrastructure development.

Persistent obstacles in upgrading provincial infrastructure such as road networks, healthcare facilities and utility services, were also discussed. The President pledged to implement practical solutions to address these challenges and urged governors to prioritise projects that deliver tangible benefits to citizens.
The Governors further stressed the need for improved coordination between provincial councils and central ministries to avoid duplication of efforts. Acknowledging these concerns, President Disanayake underlined the importance of collaborative governance to ensure efficient resource allocation.

“While increased funding is a positive step, its prudent management is non-negotiable. Provincial authorities must ensure every rupee is accounted for and spent efficiently,” he asserted.

The meeting was attended by several senior officials, including Dr. Nandika Sanath Kumanayake, Secretary to the President, Kapila Janaka Bandara, Senior Additional Secretary to the President, Provincial Governors: Hanif Yusuf (Western Province), Sarath Bandara Samarasinghe Abayakon (Central Province), Bandula Harischandra (Southern Province), Tissa Kumarasiri Warnasuriya (North Western Province), Wasantha Kumara Wimalasiri (North Central Province), Nagalingam Vedanayagam (Northern Province), Prof. Jayantha Lal Ratnasekera (Eastern Province), Champa Janaki Rajaratne (Sabaragamuwa Province) and Kapila Jayasekara (Uva Province).

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Seven new envoys to Sri Lanka present credentials to the President

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Seven newly appointed foreign ambassadors to Sri Lanka presented their credentials to President Anura Kumara Disanayake today (15) at the Presidential Secretariat.

The new ambassadors represent the State of Israel, the Argentine Republic, the Republic of Zimbabwe, the Republic of the Philippines, the Republic of Tajikistan, the Kingdom of Cambodia, and the Kingdom of Denmark.

Accordingly:

*  Mr. Mariano Agustin Caucino has been appointed as the Ambassador-designate of the Argentine Republic, based in New Delhi.
*  Ms. Stella Nkomo has been appointed as the Ambassador-designate of the Republic of Zimbabwe, based in New Delhi.
*  Mr. Reuven Javier Azar has been appointed as the Ambassador-designate of the State of Israel, based in New Delhi.
* Ms. Nina P. Cringlet has been appointed as the Ambassador-designate of the Republic of the Philippines, based in Dhaka.
*  Mr. Lukmon Bobokalonzoda has been appointed as the Ambassador-designate of the Republic of Tajikistan, based in New Delhi.
* Ms. Rath Many has been appointed as the Ambassador-designate of the Kingdom of Cambodia, based in New Delhi.
*  Mr. Rasmus Kristensen has been appointed as the Ambassador-designate of the Kingdom of Denmark, based in New Delhi.

Minister of Foreign Affairs, Foreign Employment and Tourism, Vijitha Herath, along with the Secretary to the President, Dr. Nandika Sanath Kumanayake, were also present at the occasion.

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