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  <title>News Portal from Sri Lanka : Business - SL</title>
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  <pubDate>Wed, 08 Sep 2010 08:01:04 +0000</pubDate>
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  <WebWizNewsPad:feedURL>www.amarasara.info/amnews/RSS_news_feed.asp</WebWizNewsPad:feedURL><image><title>News Portal from Sri Lanka : Business - SL</title><url>http://www.amarasara.info/amnews/images/amarasara-news1.jpg</url><link>http://www.amarasara.info/amnews/</link></image><item><title>21.08.2010 - 01 (17:00 SLT)</title><link>http://www.amarasara.info/amnews/rss_view_newsletter.asp?article=1026</link><description><![CDATA[<font size="4"><span style="font-family: Verdana,Arial,Helvetica,sans-serif;"><font style="font-weight: bold; color: rgb(0, 0, 0);" size="5">Doctors, Drug Companies, Politicians &amp; <span style="color: rgb(204, 0, 0);">Corruptions</span></font><br><span style="font-weight: bold; color: rgb(0, 0, 0);">- by <span style="color: rgb(0, 0, 255);">Shenali Waduge</span></span><br><span style="font-weight: bold; color: rgb(153, 0, 255);">(21.08.2010 - Asian Tribune)</span><br><br>They say there’s no money in healthy people. But, why is the pharmaceutical industry the most profitable industry in the world? It is because they have mastered the art of concocting the disorder, creating the drug for the disorder and then bombarding the public with advertisements to convince them they’re afflicted, leaving little choice but to get “prescribed”.<br><br>The growth in the pharmaceutical industry began to expand towards the 1970s. Pharmaceutical companies began to form mutual partnerships and began dominating the production of medicines. Advertising boomed making it possible for consumers to be enticed into believing there were miracle cures or drugs that would make people look young forever, increase sexual libido, maintain youthful looking skin with zero after effects or side effects.<br>...............................&gt;&gt;<br></span></font>]]></description><pubDate>Sat, 21 Aug 2010 06:30:40 +0000</pubDate><guid isPermaLink="true">http://www.amarasara.info/amnews/newsletter.asp?article=1026</guid><WebWizNewsPad:pubDateISO>2010-08-21 06:30:40</WebWizNewsPad:pubDateISO>
  </item> <item><title>20.08.2010 - 03 (14:15 SLT)</title><link>http://www.amarasara.info/amnews/rss_view_newsletter.asp?article=1025</link><description><![CDATA[<font size="4"><span style="font-family: Verdana,Arial,Helvetica,sans-serif;"><font style="font-weight: bold; color: rgb(0, 0, 0);" size="5"><span style="color: rgb(204, 0, 0);">Sri Lanka’s Hambanthota Port</span> eyed by <span style="color: rgb(0, 0, 255);">India’s Mahindra Group</span></font><br><span style="font-weight: bold; color: rgb(0, 0, 0);"></span><span style="font-weight: bold; color: rgb(153, 0, 255);">(19.08.2010 - Asiantribune.com)</span><br><br><span style="font-weight: bold; color: rgb(0, 0, 255);">Colombo :</span> India’s leading business house- the US $ 7.1 billion Mahindra &amp; Mahindra Group, is eyeing lucrative investment opportunities in Sri Lanka’s Hambanthota International Harbour, a senior Mahindra official told the Asian Tribune.<br><br>“We are very much interested in the Hambanthota Port project and exploring opportunities we have there, including developing a Special Economic Zone (SEZ) in Hambanthota. However no concrete decisions were taken as subsequent team has to visit Sri Lanka for that,” Pravin Shah, Executive Vice President of International Operations (Automotive and Farm Sector) told the Asian Tribune.<br><br>A Mahindra delegation was in Colombo for two days of discussions with top government officials, including President Mahinda Rajapaksa and Deputy Minister of Finance and Planning Dr. Sarath Amunugama, to explore opportunities in the island nation.<br>...............................&gt;&gt;<br></span></font>]]></description><pubDate>Fri, 20 Aug 2010 03:41:17 +0000</pubDate><guid isPermaLink="true">http://www.amarasara.info/amnews/newsletter.asp?article=1025</guid><WebWizNewsPad:pubDateISO>2010-08-20 03:41:17</WebWizNewsPad:pubDateISO>
  </item> <item><title>07.08.2010 - 05 (11:20 SLT)</title><link>http://www.amarasara.info/amnews/rss_view_newsletter.asp?article=1002</link><description><![CDATA[<font size="4"><span style="font-family: Verdana,Arial,Helvetica,sans-serif;"><font style="font-weight: bold; color: rgb(0, 0, 0);" size="5"><span style="color: rgb(204, 0, 0);">Hambantota International Harbour</span> - A Dream Come True</font><br><span style="font-weight: bold; color: rgb(0, 0, 0);">- by <span style="color: rgb(0, 0, 255);">Dr.T. Jayasinghe</span> - Palestine</span><br><span style="font-weight: bold; color: rgb(153, 0, 255);">(06.08.2010 - Asian Tribune)</span><br><br>At a time when news about disasters all around take priority over development news, the appeal of that indefatigable young engineer Dr. Priyath Bandu Wickrema, Chairman of Sri Lanka Ports Authority calling the people of Sri Lanka to visit Hambantota harbor site and see the brown virgin earth getting covered with sea water brought tears to my eyes.<br><br>Being one associated with this project at its initial stage I can now recall with much satisfaction the role I played as the convener of the first Task Force for the construction of Hambantota harbor on the instructions of President Mahinda Rajapaksa who at that time while being the Minister of Fisheries was also the Minister in charge of Sri Lanka Ports Authority.<br><br>The first meeting was a fairly large gathering of engineers and administrators from Sri Lanka Ports Authority, academics from Universities specially from Moratuwa, politicians, researchers and others who advocated the idea of a harbor at Hambantota. President in his first address gave the assurance that this harbor would be built notwithstanding any obstacle.<br>.................................&gt;&gt;<br></span></font>]]></description><pubDate>Sat, 07 Aug 2010 00:54:35 +0000</pubDate><guid isPermaLink="true">http://www.amarasara.info/amnews/newsletter.asp?article=1002</guid><WebWizNewsPad:pubDateISO>2010-08-07 00:54:35</WebWizNewsPad:pubDateISO>
  </item> <item><title>30.06.2010 - 01 (08:20 SLT)</title><link>http://www.amarasara.info/amnews/rss_view_newsletter.asp?article=965</link><description><![CDATA[<font size="4"><span style="font-family: Verdana,Arial,Helvetica,sans-serif;"><font style="font-weight: bold; color: rgb(0, 0, 0);" size="5"><span style="color: rgb(204, 0, 0);">Indo-Lanka CEO's forum</span> to be formalized soon : <span style="color: rgb(0, 153, 0);">Lankan High Commissioner</span></font><br><span style="font-weight: bold; color: rgb(0, 0, 0);">- <span style="color: rgb(0, 0, 255);">Sathyalaya Ramakrishnan</span> reporting from Chennai</span><br><span style="font-weight: bold; color: rgb(153, 0, 255);">(30.06.2010 - Asiantribune.com)</span><br><br><span style="font-weight: bold; color: rgb(0, 0, 255);">Chennai</span> : The much-talked-about Indo-Sri Lankan forum of CEOs is expected to be formalized soon in tune with the joint agreement signed between the two countries during the recent visit of Lankan President Mahinda Rajapakshi to New Delhi.<br><br>Sri Lankan High Commissioner in India Prasad Kariyawasam announced it during an interactive session with members of the Bengal National Chamber of Commerce and Industry (BNCCI) at Kolkatta on Tuesday.<br><br>The idea of establishing the 'CEO Forum' was floated by the Lankan President during his talks with the Indian leaders as well with captains of industries at the time of his visit earlier this year, Mr Prasad stated.<br>................................&gt;&gt;<br></span></font>]]></description><pubDate>Tue, 29 Jun 2010 21:47:12 +0000</pubDate><guid isPermaLink="true">http://www.amarasara.info/amnews/newsletter.asp?article=965</guid><WebWizNewsPad:pubDateISO>2010-06-29 21:47:12</WebWizNewsPad:pubDateISO>
  </item> <item><title>05.06.2010 - 01 (10:00 SLT)</title><link>http://www.amarasara.info/amnews/rss_view_newsletter.asp?article=914</link><description><![CDATA[<font size="4"><span style="font-family: Verdana,Arial,Helvetica,sans-serif;"><font style="font-weight: bold; color: rgb(0, 0, 0);" size="5">Lanka banking on IIFA for image makeover</font><br><span style="font-weight: bold; color: rgb(0, 0, 0);"></span><span style="font-weight: bold; color: rgb(153, 0, 255);">(05.06.2010 - asianage.com)</span><br><br>Recovering from the scars left by its long ethnic conflict, Sri Lanka is making the most of the three-day International Indian Film Academy awards-2010 that began in Colombo on Thursday.<br><br>The star-studded event began with a fashion show as models and stars walked the ramp at the Sirimavo Bandaranayake Arena in Colombo in the IIFA Foundation Extravaganza which kick-started the film carnival.<br><br>The fashion designers whose creations were shown included India’s Manish Malhotra and Vikram Phadnis and Sri Lankan designers Yoland and Kanchana. Actors Vivek Oberoi and Diya Mirza hosted the fashion night that had bureaucrats, politicians, industrialists and actors from both the countries in attendance.<br>...............................&gt;&gt;<br></span></font>]]></description><pubDate>Fri, 04 Jun 2010 23:36:50 +0000</pubDate><guid isPermaLink="true">http://www.amarasara.info/amnews/newsletter.asp?article=914</guid><WebWizNewsPad:pubDateISO>2010-06-04 23:36:50</WebWizNewsPad:pubDateISO>
  </item> <item><title>04.06.2010 - 05 (21:35 SLT)</title><link>http://www.amarasara.info/amnews/rss_view_newsletter.asp?article=912</link><description><![CDATA[<font size="4"><span style="font-family: Verdana,Arial,Helvetica,sans-serif;"><font style="font-weight: bold; color: rgb(0, 0, 0);" size="5">Vibrant policy, immense scope, enticing and exciting package <span style="color: rgb(204, 0, 0);">for investment</span> – <span style="color: rgb(0, 0, 255);">President Mahinda Rajapaksa</span></font><br><span style="font-weight: bold; color: rgb(0, 0, 0);"></span><span style="font-weight: bold; color: rgb(153, 0, 255);">(04.06.2010 05:10 GMT - info.gov.lk)</span><br><br>“Those of you who are keen to explore, will find abundant opportunities for investment in Sri Lanka. The scope is immense : from infrastructure, to agri-business, to manufacturing and to a range of services. You will also find that our country offers a rare package of skills, capacity, and a willingness to learn and adapt. Our policy is vibrant, our package is enticing and exciting, and you would do well to join us in our forward march. I earnestly invite you to do so,” said President Mahinda Rajapaksa addressing the Business Forum organized jointly by the Indian and Sri Lankan Chambers of Commerce in Colombo today, to coincide with the IIFA Awards Weekend.<br>..................................&gt;&gt;<br></span></font>]]></description><pubDate>Fri, 04 Jun 2010 11:04:58 +0000</pubDate><guid isPermaLink="true">http://www.amarasara.info/amnews/newsletter.asp?article=912</guid><WebWizNewsPad:pubDateISO>2010-06-04 11:04:58</WebWizNewsPad:pubDateISO>
  </item> <item><title>29.05.2010 - 02 (11:55 SLT)</title><link>http://www.amarasara.info/amnews/rss_view_newsletter.asp?article=880</link><description><![CDATA[<font size="4"><span style="font-family: Verdana,Arial,Helvetica,sans-serif;"><font style="font-weight: bold; color: rgb(0, 0, 0);" size="5"><span style="color: rgb(204, 0, 0);">U.S. Government</span> supports <span style="color: rgb(0, 0, 255);">IT sector employment opportunities</span> for youth in <span style="color: rgb(0, 153, 0);">Eastern Province</span></font><br><span style="font-weight: bold; color: rgb(0, 0, 0);"></span><span style="font-weight: bold; color: rgb(153, 0, 255);">(29.05.2010 - Asiantribune.com)</span><br><br><span style="font-weight: bold; color: rgb(0, 0, 255);">Colombo</span> : For the first time, a multinational IT company will open a major production center in Sri Lanka’s Eastern Province. With financial and technical support from the United States Agency for International Development (USAID), a new software product development center, Advanced Information Consulting (Pvt) Ltd., has been established in Akkaraipattu, in the Ampara District.<br><br>The center will create employment opportunities for youth graduating from local educational facilities in the Eastern Province. This pioneering initiative, led by Kingslake Engineering Systems (Pvt) Ltd. through its subsidiary Advanced Information Consulting (Pvt.) Ltd. (AIC), will help build the professional capacity of youth living in a post-conflict environment.<br>..............................&gt;&gt;<br></span></font>]]></description><pubDate>Sat, 29 May 2010 01:23:56 +0000</pubDate><guid isPermaLink="true">http://www.amarasara.info/amnews/newsletter.asp?article=880</guid><WebWizNewsPad:pubDateISO>2010-05-29 01:23:56</WebWizNewsPad:pubDateISO>
  </item> <item><title>11.05.2010 - 04 (08:30 SLT)</title><link>http://www.amarasara.info/amnews/rss_view_newsletter.asp?article=832</link><description><![CDATA[<font size="4"><span style="font-family: Verdana,Arial,Helvetica,sans-serif;"><font style="font-weight: bold; color: rgb(0, 0, 0);" size="5">Visit Lanka enables <span style="color: rgb(204, 0, 0);">Sri Lanka to have the biggest entertainment</span></font><br><span style="font-weight: bold; color: rgb(0, 0, 0);">- by <span style="color: rgb(0, 0, 255);">Quintus Perera</span> – Asian Tribune</span><br><span style="font-weight: bold; color: rgb(153, 0, 255);">(10.05.2010 - Asiantribune.com)</span><br><br><span style="font-weight: bold; color: rgb(0, 0, 255);">Colombo</span> : This June 2010 as Sri Lanka prepares to celebrate her first year of peace, Visit Lanka, an exceptional travel agent and tour operator, has a pleasant surprise to share with us all. After months of meticulous planning and endless negotiations.<br><br>The <span style="font-weight: bold; color: rgb(0, 0, 255);">International Indian Film Academy awards (IIFA) 2010</span> is scheduled to be held in Colombo from 3rd to 5th June and perform the biggest entertainment event in Sri Lanka with the royalty of Indian Cinema arriving here for a weekend of entertainment.<br>...............................&gt;&gt;<br></span></font>]]></description><pubDate>Mon, 10 May 2010 21:59:15 +0000</pubDate><guid isPermaLink="true">http://www.amarasara.info/amnews/newsletter.asp?article=832</guid><WebWizNewsPad:pubDateISO>2010-05-10 21:59:15</WebWizNewsPad:pubDateISO>
  </item> <item><title>07.05.2010 - 08 (10:55 SLT)</title><link>http://www.amarasara.info/amnews/rss_view_newsletter.asp?article=811</link><description><![CDATA[<font size="4"><span style="font-family: Verdana,Arial,Helvetica,sans-serif;"><font style="font-weight: bold; color: rgb(0, 0, 0);" size="5"><span style="color: rgb(204, 0, 0);">Iran’s VP</span> invites <span style="color: rgb(0, 0, 255);">Sri Lanka</span> to enhance exports to <span style="color: rgb(0, 153, 0);">Middle-East</span> via <span style="color: rgb(204, 0, 0);">Iran</span></font><br><span style="font-weight: bold; color: rgb(0, 0, 0);">- by <span style="color: rgb(0, 0, 255);">Sha Jamaldeen</span> in Tehran</span><br><span style="font-weight: bold; color: rgb(153, 0, 255);">(07.05.2010 - The Island, SL)</span><br><br>Iran’s Vice-President Hamid Baghaei has urged Sri Lankan entrepreneurs to take advantage of Iran’s Chabahar Free Trade Zone – facing the Gulf and the Indian Ocean -, to promote Sri Lankan exports particularly tea and other products to the Middle-East and the CIS countries. He has also urged Sri Lankan banks to open branches preferably in any of the Free Trade Zones and in the capital Tehran to facilitate enhancing commercial ties between the two countries.<br><br>The Iranian Vice President who is also the Head of the Iran Cultural Heritage, Handicraft and Tourism Organization (ICHHTO) met Sri Lanka’s Ambassador to Iran M. M. Zuhair P.C at the ICHHTO headquarters in Tehran on Wednesday.<br>...........................&gt;&gt;<br></span></font>]]></description><pubDate>Fri, 07 May 2010 00:21:59 +0000</pubDate><guid isPermaLink="true">http://www.amarasara.info/amnews/newsletter.asp?article=811</guid><WebWizNewsPad:pubDateISO>2010-05-07 00:21:59</WebWizNewsPad:pubDateISO>
  </item> <item><title>05.05.2010 - 06 (10:35 SLT)</title><link>http://www.amarasara.info/amnews/rss_view_newsletter.asp?article=794</link><description><![CDATA[<font size="4"><span style="font-family: Verdana,Arial,Helvetica,sans-serif;"><font style="font-weight: bold; color: rgb(0, 0, 0);" size="5"><span style="color: rgb(204, 0, 0);">Shocking exit of Tandon Lanka</span> leaving <span style="color: rgb(0, 0, 255);">Rs 1 billion debt</span> - Suppliers, workers and freight forwarders left in the lurch</font><br><span style="font-weight: bold; color: rgb(0, 0, 0);"></span><span style="font-weight: bold; color: rgb(153, 0, 255);">(05.05.2010 - The Island, SL)</span><br><br>For want of a monitoring mechanism on the part of the government, leading electronics manufacturer Tandon Lanka Pvt. Limited has terminated its operations at Pallekelle, Kandy, without settling debts to the tune of about Rs one billion, well informed sources say<br><br>Sources say the top management, including an Indian national, had left the country leaving workers, a host of local suppliers and two leading banks in the lurch. The company owed a staggering $ 8 million to State-owned and private banks, they said.<br>..............................&gt;&gt;<br></span></font>]]></description><pubDate>Wed, 05 May 2010 00:04:35 +0000</pubDate><guid isPermaLink="true">http://www.amarasara.info/amnews/newsletter.asp?article=794</guid><WebWizNewsPad:pubDateISO>2010-05-05 00:04:35</WebWizNewsPad:pubDateISO>
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