Business
Strengthening Trilateral Ties: Milinda Moragoda Praises Ambassador Mizukoshi’s Legacy at Sri Lanka, Japan-India Investment Promotion Event

Milinda Moragoda, Founder of the Pathfinder Foundation, delivered a keynote address highlighting the importance of trilateral cooperation between Japan, Sri Lanka, and India. The event, held at the newly renovated Japanese Embassy, brought together high-level representatives from all three countries and was attended by representatives of Japanese investors in Chennai, the Japanese Chamber of Commerce in Chennai, and key members of the Sri Lankan business community.
The trilateral trade and investment promotion mission, organised by the Japanese Chamber of Commerce in Chennai and the Japanese Embassy in Colombo in collaboration with JETRO. Coincidentally, Pathfinder Foundation participated in this important trilateral promotional event that took place on the last day of Japanese Ambassador Mizukoshi Hideaki’s tenure in Sri Lanka.
In his keynote speech, Moragoda expressed deep appreciation for Ambassador Mizukoshi’s influential role during a critical period for Sri Lanka. The Ambassador’s leadership, particularly during Sri Lanka’s economic crisis, was praised for his steadfast support of the country and its people. Moragoda noted that the Ambassador was pivotal in promoting key projects that would positively impact Sri Lanka’s economic recovery and development.
The event also served as a platform to discuss the growing potential for trilateral cooperation between Japan, Sri Lanka and India. Moragoda emphasised the importance of investing in the Northern Province of Sri Lanka, a region ripe with opportunities, particularly in the power and energy sectors. He stressed that strengthening connectivity between India and Sri Lanka could unlock significant economic benefits, spur further investment, and enhance regional growth.
Dr. Dayaratna Silva, Executive Director of the Pathfinder Foundation, made a comprehensive presentation on the prospects for trilateral cooperation in key sectors such as trade, renewable power and energy connectivity. He highlighted the growing convergence of interests between Japan, Sri Lanka, and India, emphasising leveraging shared opportunities in the energy sector. He outlined specific projects that could foster deeper ties, promoting a mutually beneficial framework for sustainable power and energy development that would connect with the larger regional network. The Pathfinder Foundation was represented at the event by its Chairman, Bernard Goonetilleke, and Director PF, Ahmad A. Jawad.
Further contributions came from Renuka M. Weerakone, Director General of the Board of Investment of Sri Lanka, and Lahiru Ramanayake, Managing Director of Damro Group. They provided detailed overviews of the investment landscape and opportunities in Sri Lanka, focusing on facilitating partnerships with Japanese and Indian businesses, underscoring the potential for enhanced cooperation.
The event held mere hours before his departure from the shores of Sri Lanka, marked the conclusion of an eventful diplomatic assignment of Ambassador Mizukoshi that has significantly strengthened Japan-Sri Lanka relations. The discussions on trilateral cooperation provided a hopeful vision for the future, as the event laid the groundwork for collaboration between the three countries.
The event concluded with a toast to Ambassador Mizukoshi’s successful tenure in Sri Lanka, as participants engaged in discussions about the future of trilateral relations between Japan, Sri Lanka, and India.
Business
Stealer malware leaked over 2 million bank cards

Kaspersky Digital Footprint Intelligence estimates that 2.3 million bank cards were leaked on the dark web, based on an analysis of data-stealing malware log files from 2023-2024. On average, every 14th infostealer infection results in stolen credit card information, with nearly 26 million devices compromised by infostealers, including more than 9 million in 2024 alone. Kaspersky released its report on the infostealer threat landscape while the technology world gathers at MWC 2025 in Barcelona.
Kaspersky experts estimate that approximately 2,300,000 bank cards have been leaked on the dark web. This conclusion is based on an analysis of the log files from data-stealing malware, dated 2023-2024, that were leaked on the dark web market. While globally the share of leaked cards is well below one percent, 95% of the observed numbers appear technically valid.
Infostealer malware is not only designed to extract financial information, but also credentials, cookies and other valuable user data, which is compiled into log files and then distributed within the dark web underground community. An infostealer can infect a device if a victim unknowingly downloads and runs a malicious file, for example one disguised as legitimate software, such as a game cheat. It can be spread through phishing links, compromised websites, malicious attachments in emails or messengers and various other methods. It targets both personal and corporate devices.
On average, every 14th infostealer infection results in stolen credit card information. Kaspersky Digital Footprint Intelligence experts found that nearly 26 million devices running Windows were infected with various types of infostealers in the past two years.
“The actual number of infected devices is even higher. Cybercriminals often leak stolen data in the form of log files months or even years after the initial infection, and compromised credentials and other information continue to surface on the dark web over time. Therefore, the more time passes, the more infections from previous years we observe. We forecast the total number of devices infected with infostealer malware in 2024 to be between 20 million and 25 million, while for 2023, the estimate ranges between 18 million and 22 million,” says Sergey Shcherbel, expert at Kaspersky Digital Footprint Intelligence.
In 2024, Redline remained the most widespread infostealer, accounting for 34% of the total number of infections.
The most significant surge in 2024 was in infections caused by Risepro, whose share of total infections increased from 1.4% in 2023 to almost 23% in 2024. “RisePro is a growing threat. It was first discovered two years ago but seems to be gaining momentum. The stealer primarily targets banking card details, passwords and cryptocurrency wallet data, and may be spreading under the guise of key generators, cracks for various software and game mods,” explains Sergey Shcherbel. Another rapidly growing stealer is Stealc, which first appeared in 2023 and increased its share from nearly 3% to 13%.
Business
UTE Delivers Sri Lanka’s Largest Cat D8 Tractor to NEM Construction

Caterpillar equipment dealer UTE has delivered the country’s largest Cat D8 Track-Type Tractor to NEM Construction Pvt. Ltd., marking a significant milestone in heavy machinery. This delivery strengthens the long-standing partnership between UTE and NEM Construction, which spans over 45 years. The Cat D8 is expected to boost operational efficiency in large-scale projects. As the sole authorized dealer for Caterpillar in Sri Lanka, UTE continues to provide top-tier machinery and after-sales support. The handover is particularly notable as Caterpillar celebrates its 100th anniversary. NEM Construction’s Chairman, Raja Nanayakkara, praised the Cat D8’s superior performance and UTE’s unmatched service and parts support, which have been key to the company’s long-term collaboration. This purchase highlights the continued trust in both Caterpillar and UTE’s expertise in supporting Sri Lanka’s construction industry.
Business
ComBank’s 2023 Annual Report tops Banking sector at ACCA Sustainability Reporting Awards

The Commercial Bank of Ceylon’s prowess in comprehensive disclosure of sustainability-related information to stakeholders has won its 2023 Annual Report two top awards at the 2025 Sustainability Reporting Awards presented by the Association of Chartered Certified Accountants (ACCA).
The Bank was adjudged the overall runner-up and the winner in the Banking category at these awards, repeating the achievement of its 2022 Annual Report which was similarly honoured by the ACCA last year.
The ACCA Sustainability Reporting Awards recognise Annual Reports that clearly acknowledge and explain the economic, environmental and social impacts of the business to internal and external stakeholders, demonstrating the organisation’s policies, targets and long-term objectives towards the goal of sustainable development.
Commercial Bank’s 2023 Annual Report also won two Golds, a Silver and a Bronze at CA Sri Lanka’s ‘TAGS’ Awards 2024, excelling in the key aspects recognised by the awards programme which is dedicated to Transparency, Accountability, Governance, and Sustainability – TAGS.
The Bank won the Gold for ‘Corporate Governance Disclosure’ in the Financial Services sector, the Gold for the Best Annual Report among the private sector banks, the Silver for ‘Digitally Transformative Reporting’ across all sectors, and the overall Bronze award for Excellence in Corporate Reporting.
-
Foreign News2 days ago
Search continues in Dominican Republic for missing student Sudiksha Konanki
-
News5 days ago
Alfred Duraiappa’s relative killed in Canada shooting
-
Opinion7 days ago
Insulting SL armed forces
-
Features4 days ago
Richard de Zoysa at 67
-
Editorial6 days ago
Ghosts refusing to fade away
-
Midweek Review5 days ago
Ranil in Head-to-Head controversy
-
Features4 days ago
SL Navy helping save kidneys
-
Features6 days ago
The Gypsies…one year at a time