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Friday, 7 December 2012

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NDB group earnes a net receipt of US$59 mn

Concludes deal with AIA Group:

Following a strategic rearrangement of investments within the Group, NDB recently entered into a Share Sale and Purchase Agreement with AIA Group Limited (AIA), which is headquartered in Hong Kong, whereby NDB Group agreed to sell its shareholding in the Aviva NDB Holdings Lanka (Private) Limited (Aviva NDB Holdings or ANI) to AIA.

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ComBank in World’s Top 1,000 list

The Commercial Bank of Ceylon has moved up 23 places in 2012 ranking the Top 1,000 Banks of the World and is the only Sri Lankan bank to make the ranking two years in succession. Published annually by the UK-based ,

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TESCO to expand its sourcing from Sri Lanka

TESCO, world’s third largest retailer and UK’s biggest supermarket chain, is preparing to significantly expand its sourcing from Sri Lanka, buoyed by the well-focused facilitation of the recently established Consultative Committee on Market Diversification (CCMD).

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The inaugural Seri Miss Sri Lanka Online beauty pageant was held at Park Street Mews last night and Marria Alkansas was adjudged the winner. For the first time in Sri Lanka, the pageant was conducted live on Facebook. Seri Naturals also announced that they had a 600% growth. Here, winner Alkansas with first and second runners-up Angela Richards and Karandza Fernando. Picture by Satiya Rupasinghe

H. T. Phong, Regional Chief executive of AIA with Russel de Mel, CEO of NDB after the signing of
the transaction with senior representatives from AIA / ANI and the NDB Group.



 
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