Toshiba buy 60% of British nuclear firm

Japan's Toshiba said Wednesday it would buy a controlling interest in British nuclear firm NuGeneration as it tries to rekindle an atomic business hammered by the 2011 Fukushima crisis.

The engineering giant said it had reached a deal with NuGeneration's owners -- France's GDF Suez and Spain's Iberdrola -- to take a 60 percent stake in the firm, which plans to build nuclear power plants in northwest England.

The purchase was worth about 102 million pounds ($167 million), but it was "subject to adjustment", Toshiba said without elaborating.

Toshiba's Tokyo-listed shares jumped 4.54 percent to 483 yen in early afternoon trading.

After closing the deal, expected in the first half of the year, Toshiba will hold the majority stake in the British firm, while GDF Suez will own 40 percent. The French and Spanish firms each currently hold a 50 percent share of NuGen.

- See more at: http://dailynews.lk/business/japans-toshiba-buy-60-stake-british-nuclear-firm#sthash.ljlbYF2S.dpuf

1 comments

Commercial Bank ATM converts foreign currency into Rupees

The Commercial Bank of Ceylon has installed an automated teller machine (ATM) that converts foreign currency into Sri Lanka Rupees at Crescat Boulevard, one of Colombo’s leading shopping malls and can be used anyone.

Located on the walkway between Crescat Boulevard and the Cinnamon Grand hotel, the ATM accepts US Dollar and Euro currency notes and issues their equivalent in Sri Lanka Rupees, making it convenient to many customers, particularly tourists.

Customers could change between US$ 10 or EUR 10 upto a maximum of US$ 200 or EUR 150.

“This foreign exchange ATM does not require an ATM card, and can be used by tourists and the public in addition to customers of Commercial Bank,” the Bank’s Chief Information Officer Rohan Muttiah said in a media statement.

He added that Commercial Bank intends to install more of these ATMs in selected key locations particularly for the convenience of the growing number of foreign visitors to Sri Lanka.

In addition to converting foreign currency, the unit also provides standard ATM services.

The largest private bank in the country, Commercial Bank operates a network of 232 branches and services points and an ATM network of 585 terminals, the largest electronic cash dispensing facility owned by a single bank in Sri Lanka. The bank is also the most awarded financial institution in the country.

0 comments

New Look Jaffna Old Park

Senior adviser to the President and Economic Development Minister Basil Rajapaksa opened the renovated historical Jaffna Old Park last week. The Jaffna Old Park was renovated as an attractive environment while protecting the archaeological value in it. Traditional Industries and Small Enterprise Development Minister Douglas Devananda and Indian High Commissioner Ashok K Kantha also participated.

0 comments

First launch luxury bus service

Srilanka Automobile producer Veteran automobile engineer Produce Micro bus, Dr. Lawrence Perera will make his venture to be the first corporate to herald a new phase in public transportation.

The Company has already imported eight low-floor air-conditioned buses to be deployed on the popular routes identified as the six main corridors to Colombo having a demand for 200 new buses according to the Ministry of Transport. The routes are Moratuwa-Pettah, Kesbewa-Pettah, Negombo-Pettah, Gampaha-Pettah, Kaduwela-Fort (via Malabe) and Homagama-Pettah.

0 comments

Expo Air Re lunch Jaffna - Colombo Air

Domestic Air service provider ExpoAir now plan to develop Colombo to Jaffna air service, war period Expo done Colombo to Jaffna Service but ended war open roads and peoples prefer to travel by Expo stop his service now mainly focus businessman restart service. 

0 comments