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Sunday, 18 September 2011

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NDB Group to partner DBS Bank in investment banking

The NDB Group will enter into a strategic alliance with DBS Bank, Singapore to commence investment banking. DBS is a leading financial service group in Asia, with over 200 branches across 15 markets.

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SLTB to switch to ‘Miracle’?

The Sri Lanka Transport Board (SLTB) is ready to switch to 'Miracle', as alternative fuel introduced by a Sri Lankan company, Nmiracle Power (Pvt.) Ltd. Miracle is a fuel produced by mixing diesel and water, using hydro thermal technology.

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Cargills to set up agri-commercial bank

Cargills will set-up an agri-commercial bank in Sri Lanka which will be a new venture by a supermarket chain operator, said Cargills Quality Confectionaries Chairman, Stuart Young at a ceremony to launch a range of Kist Biscuits on Thursday.

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Half of world’s PC users acquire software illegally -BSA

Nearly half the world’s personal computer users, 47 percent, acquire software through illegal means most or all of the time, and in developing economies the figures are much higher, according to a survey undertaken on PC users’ behaviour and attitudes toward software piracy and intellectual property rights.

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Tea exports continue despite Mideast ripples

Tea production this year is expected to nudge last year’s figures despite a marginal dip, during the first seven months, said Chairman, Colombo Brokers Association, Sugath Munasinghe. He said that production by the end of the year will reach around 320 m kilos despite the adverse weather conditions, during the first half of the year. Last year 323 m kilos of tea was produced.

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