Restore Japanese investor confidence in SL, key diplomat says
View(s):There is a need to need to restore Japanese investors’ confidence in the economic landscape in Sri Lanka following the recent economic crisis, Japanese Ambassador in Sri Lanka Akio Isomata has said.
Speaking at the recent AGM of the Sri Lanka – Japan Business Council (SLJBC) held in Colombo, the ambassador underscored the importance of ensuring the steady implementation of the mega projects assisted by Japan, including the BIA expansion project. He also encouraged the stakeholders to work together for the improvement of business environment and promotion of investment in untapped resources in Sri Lanka and proposed that a Sri Lankan business delegation visit Japan in coordination with the Sri Lankan President’s future visit there. His comments and that of other speakers were released to the media by the council. The Japanese ambassador said there are over 57,000 Sri Lankans, living, working and studying in Japan.
Athulla R.F. Edirisinghe – Director, Hirohama Ceylon (Pvt) Ltd, was elected as President of the SLJBC for the year 2025/26. Ruwan Waidyaratne – Managing Director, Hayleys Advantis Ltd; Shamil Mendis – Managing Director, Spear International (Pvt) Ltd, and Rohitha Mendis – Managing Director of Prudential Shipping Lines (Pte) Ltd, were elected as Senior Vice President, Vice President and Treasurer of the Council respectively. Mahen Kariyawasan – Managing Director, Andrew The Travel Company (Pvt) Ltd will continue to serve the committee as the Immediate Past President.
The newly appointed President expressed appreciation of Japan’s continued support to Sri Lanka, including solar-powered facilities for maternity hospitals, and called for stronger local and overseas partnerships. He noted Japan’s need for 830,000 skilled workers by 2030, urging efforts to overcome language barriers and enhance training to expand opportunities for Sri Lankans already working in Japan. Acknowledging declining Japanese interest due to past crises, he proposed establishing a technical working group, advancing key projects, and sending a business delegation with the Sri Lankan President’s upcoming visit to strengthen bilateral relations and attract investment. Mr. Edirisinghe suggested the government to explore possibilities in setting up an exclusive investment zone for Japanese investors following the Indian and Bangladesh examples.
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