Cairn India to explore oil
Invests US $ 100 m:
Cairn India will invest US $ 100 million for the
oil exploration in Block SL2007/01/001 in the Mannar Basin, which
covers 3400 sq. km, at depths between 200 to 1800 metres. The
operations will commence within six months time.
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HSBC takes proactive environmental leadership in Asia
HSBC has won two coveted awards for
environmental leadership; namely, the Environmental Achievement
Leadership Award 2008 and the Hong Kong Enterprise Environmental
Achievement Award,
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Innovative design solutions at Maldives Construction Fair
The third Maldives Construction Fair 2008
organised by Maldives Exhibition and Conference Services for
Maldives Association of Construction Industry (MACI) commenced
yesterday.
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NDB retains strong financial rating
Fitch Ratings Lanka has affirmed the National
Long-term rating of NDB Bank at ‘AA (lka)’. In a release Fitch says,
“The Outlook is Stable. The rating reflects NDB Bank’s strong
financial profile in terms of its high capital base, good
profitability and asset quality”.
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