Walana raids Department of Motor Traffic
India – SL sign MoU to supply electric bikes for fisheries officials
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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. Advertisement 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. Advertisement Related Topics: lka SriLanka Up Next Court of Appeal rejects PUCSL’s writ
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A team of computer experts, accompanied by officers from the Walana Anti-Corruption Unit, reportedly raided the Department of Motor Traffic (DMT) in Narahenpita on the 29th and copied and removed all the data stored in its computer systems after working continuously for more than 24 hours. The data was reportedly copied as part of an investigation into alleged corruption and irregularities at the Department of Motor Traffic several years ago. Acting on court orders, the team, comprising officers from the Walana Anti-Corruption Unit and computer experts, arrived at the department at noon on the 29th and continued copying data until the night of the 30th. Accordingly, all information relating to vehicles registered over the past several years has been obtained. The operation was carried out to uncover a range of irregularities, including information about motor vehicles that had been fraudulently registered. These are expected to be revealed through an examination of the data retrieved from the department’s computer systems. Advertisement University of Colombo academics and professors specialising in computing, officials from the Sri Lanka Computer Emergency Readiness Team (CERT), and several experts from GovTech Sri Lanka and Sri Lanka Telecom are also reported to have participated in the raid. The operation is expected to uncover information about luxury motor vehicles registered in the names of numerous individuals, including former politicians, prominent personalities and businesspeople. Further investigations into the incident are being conducted under the instructions of Inspector General of Police Priyantha Weerasooriya, under the direction of Assistant Superintendent of Police Rohan Olugala, Director of the Walana Anti-Corruption Unit. The investigations are being carried out by a team of officers, including Officer-in-Charge Chief Inspector Indika Weerasinghe. Advertisement Continue Reading News Binance hacked! Published
Digital assets worth approximately US$6.3 billion have been stolen from Binance, one of the world’s largest cryptocurrency exchanges, according to foreign media reports. The cyberattack, which took place on 29 October, is being described as the largest cryptocurrency theft ever reported. Blockchain transaction analysis firms say the attackers withdrew assets from Binance’s digital wallets, with a substantial portion of the stolen assets coming under new control within a very short period. Hack attack lasted just 20 minutes A large proportion of the stolen assets is said to have been transferred within approximately 20 minutes. Advertisement Binance’s preliminary investigation suggested that the attack may have been linked to unauthorised access to a computer used by one of the company’s DevOps engineers. It is believed that this may have enabled the attackers to gain access to an internal service system and carry out unauthorised fund withdrawal transactions. However, Binance has since stated that further investigations have identified additional security vulnerabilities that may have been exploited in the attack. The company has yet to disclose full details of how the attack was carried out. Binance says there is currently no evidence that the private keys to its digital wallets have been compromised. Advertisement Around US$3 billion frozen Reports indicate that Binance is working with law enforcement agencies and other cryptocurrency companies to trace the stolen assets and prevent them from being transferred further. North Korean hacking group suspected Blockchain security analysis firms TRM Labs and Chainalysis say there are strong suspicions that the attack may have been carried out by TraderTraitor, a hacking group linked to North Korea. The group has been identified as part of a North Korea-linked cybercrime network and has previously been accused of involvement in several major cryptocurrency thefts. International security analysts have pointed out that cryptocurrency assets stolen by North Korean-linked hacking groups are used to obtain foreign currency. There have also long been suspicions that such funds are used to finance North Korea’s nuclear and missile programmes. Advertisement What is Binance? Founded in 2017, Binance is a major international platform that facilitates the buying, selling, trading and investment of various cryptocurrencies, including Bitcoin. Bitcoin is a decentralised digital currency that operates using blockchain technology and is not directly issued or controlled by a central bank or government. Although blockchain systems maintain records of transactions, they do not provide complete protection against cyberattacks targeting the internal systems of cryptocurrency exchanges. Advertisement Continue Reading News India – SL sign MoU to supply electric bikes for fisheries officials Published
A Memorandum of Understanding (MoU) for supply of 430 Electric Motor Bikes to field officers in the fisheries sector was signed by High Commissioner of India to Sri Lanka – Mr. Santosh Jha and Secretary to Ministry of Fisheries, Aquatic and Ocean Resources – Dr. B.K. Kolita Kamal Jinadasa. The signing ceremony was held in the presence of the Minister of Fisheries, Aquatic and Ocean Resources – Ramalingam Chandrasekar. Under the MoU, and upon the request of the Government of Sri Lanka, the Government of India will provide grant assistance of SLR 265 million to supply electric motor bikes to field officers of various institutions including the Department of Fisheries and Aquatic Resources, National Aquaculture Development Authority of Sri Lanka (NAQDA), and National Aquatic Resources Research and Development Agency (NARA). The deployment of these electric motorbikes will enhance the operational capabilities, efficiency and field-level presence of fisheries officials. By facilitating faster response times, and regular engagement with fishing communities, the initiative aims to improve public service delivery across Sri Lanka. The initiative also contributes to the environmental sustainability pillar of the ‘Clean Sri Lanka’ programme envisioned by President of Sri Lanka, Anura Kumara Dissanayake. The Indian High Commission notes that India’s people-centric development cooperation initiatives, based on the needs of the people of Sri Lanka and the priorities of the Government of Sri Lanka, continue to make a tangible difference in daily lives of the people in all the 25 districts of the country across sectors such as housing, health, education, fisheries, transport, renewable energy, livelihood sustenance, agriculture, among many others. Advertisement Continue Reading Latest Trending Videos News 27 minutes ago Walana raids Department of Motor Traffic News 9 hours ago Binance hacked! News 12 hours ago India – SL sign MoU to supply electric bikes for fisheries officials CARTOON 4 years ago Cartoon 2022-10-14 World 4 years ago Putin grants Russian citizenship to Snowden Videos 3 years ago Search operation underway after Baltimore bridge collapse News 1 week ago Coral Comeback: Rare Marine Life Returns to Hainan Island (Video) News 2 months ago Final Randoli Perahera commences in Kandy (Live) News 2 months ago Fishing season in South China’s Guangdong draws in seafood fans (Video) Trending News 3 days ago SriLankan Airlines first officer banned from flying to Australia?
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