NDB, DBS Group Singapore in strategic alliance
To help capital market fund raising:
NDB Group marked a new era in the investment
banking in Sri Lanka by signing an MoU with Singapore’s DBS Bank in
a bid to form a strategic alliance. The newly formed strategic
alliance will strengthen the NDB Investment Bank and NDB Bank Group
and DBS Group will work on equity and fixed income issuances,
syndications and project financing, mergers and acquisitions.
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Construction industry growth to top Rs 400 billion
CCI wants more for local consultants:
The anticipated growth in the construction
industry over the next four years will exceed more than Rs 400
billion per annum. This will reflect how the economic growth over 10
percent and the per capita income of US$ 4000, can be achieved if
the projects are completed on time, Chamber of Construction Industry
Sri Lanka President Surath Wickramasinghe told Daily News Business.
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The Finance tops trading
The bourse continued its downtrend yesterday
where broad levels of selloff were displayed on stocks. ASI
decreased by 35.69 points (-0.52%YoY) to close at 6,792.88 where as
sensitive MPI dipped by 30.89 points (-0.50%) to end at 6,138.33.
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