Formula to reduce vehicle prices
High demand from Lankan buyers in Japan:
A formula will be designed by vehicle sellers to
price the remaining vehicles in line with the tariff reduction
recently introduced by the Government.
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CDB records Rs 1519 m revenue in 2009/10
Stock Exchange listing on the cards:
Citizens Development Business Finance Ltd’s (CDB)
pre-tax profit (annualised) for the Financial Year ending March 2010
crossed the Rs 71 m mark, while net profit after tax (annualised)
crossed the Rs 64 m mark, as per the audited accounts for the
financial year ending March 31, 2010.
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New East Africa service launched
Middle East based Simatech Shipping, together
with Evergreen and Wanhai launched a joint container service namely,
East Africa (EAF) Service linking the Indian Subcontinent and East
Africa, effective from May 12, 2010.
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