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Ailing businesses
revival Bill passed with 76 vote
majority:
Measure to protect public
interest - Minister Basil on behalf
of president
Failing
institutions breached almost all
conditions:
Bill not drafted
to victimize political opponents:
The revival of
Underperforming Enterprises and
Underutilized Assets Bill was passed
with amendments with a majority of
76 votes yesterday in parliament.
One hundred and twenty two
legislators voted in favour of the
bill whereas 46 members voted
against it. Economic Development
Minister Basil Rajapaksa
participating in the debate in
Parliament, earlier assured
Parliament on behalf of President
Mahinda Rajapaksa,
 Full Story
President in Male for SAARC
Summit
President
Mahinda Rajapaksa arrived in Male,
the Maldives yesterday to attend the
17th SAARC Summit to be held from
November 10 to 11 at the Hithadoo
Convention Centre in Addu and the
Fuvahmullah City on the theme
‘Building Bridges’. This is the
third SAARC Summit held in the
Maldives,
Full Story
SL among top emerging travel
destinations
Five countries
including Sri Lanka - dubbed the
SLIMMA nations - have been
highlighted for their future growth
potential. The World Travel Market
2011 Industry Report has earmarked
Sri Lanka, Indonesia, Malaysia,
Mexico and Argentina as new emerging
countries behind BRIC nations
Brazil, Russia, India, China and
most recently South Africa.
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President opens ‘Gateway to
wonder’ on November 27
President
Mahinda Rajapaksa will open the
newly built 128 kilometre Southern
Expressway, `Gateway to Wonder’ on
November 27. President Rajapaksa
will later address the public at a
ceremony at Kurundugahahethekma,
Media Ministry sources said.
Religious dignitaries, ministers,
deputy ministers, ambassadors and
high commissioners will participate
in the opening ceremony.
Full Story
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Walallawita Pradeshiya Sabha Chairman Udeni Atukorala was arrested by Bribery Commission officials for allegedly soliciting a Rs 1.5 million bribe from the Bentara Paradeshiya Sabha chairman. It is reported that he had accepted the bribe to provide a permit to transport soil. 
