ISSN: 1391 - 0531
Sunday, April 22, 2007
Vol. 41 - No 47
Financial Times  

Suntel offers to CDMA during World Cup

Suntel has launched what it calls an ‘exciting promotion’ for customers to coincide with the World Cup. The “Suntel 4 Plus” promotion is open to any Suntel customer who purchases a Suntel telephone during the World Cup Cricket tournament this month, the company said.

Customers need only purchase a Suntel CDMA phone between now and April 30 from any Suntel sales centre or Suntel agent. Winners will be chosen at a grand draw to be held during the first week of May.

The prizes on offer include TVS Star Sports motorcycles, automatic washing machines, refrigerators, 21” flat screen TVs, Home Theatre Systems, DVD players, Audio Set Ups, MP3 Players, and gift vouchers.


Allianz SE major shareholder of Russia’s ROSNO SE
Global insurance giant Allianz SE, and Sistema, the largest consumer services private sector company in Russia and the CIS, signed a share purchase agreement recently, Allianz’s local branch office said.

This agreement increases Allianz SE’s 47.4 percent stake in ROSCO, one of the top 4 insurance companies in Russia, to a massive 97 percent, making Allianz a major shareholder of the ROSNO Group, whose future development Sistema will continue support by holding approximately 3 percent in the company.

Sistema is in the business of developing and managing market-leading businesses in the most dynamically developing service-based industries.


Shipping Co to invest in ships
Sri Lanka Shipping Corporation (SLSC) is discussing with both the Colombo Dockyard Limited (CDL) and a Chinese Company on a shipbuilding deal.“We are ship owners and we are talking to CDL and a Chinese Company which has a network of financials in Singapore,” Mohamed Reza, Managing Director, SLSC told The Sunday Times FT.

He said that the company is looking at a US$7 to 9 million-investment to buy one ship. Industry sources said that SLSC has come far with CDL in the discussions with one problem -- CDL is full with contracts. “It may take about two years for the ship to be delivered,” Reza said.


FCCISL, Kerala chamber sign MoU

The Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) and the Kerala Chamber of Commerce and Industry this week signed an MoU to cooperate on a range of issues. Signed in Kerala, the MOU aims to facilitate and expand business network, promote joint economic projects between businessmen and private business organisations in both countries.

E.S. Jose, President of the Kerala Chamber, said the surge in industrial and economic activities in Kerala would provide an opportunity for businessmen for more trade opportunities in future.


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Copyright 2007 Wijeya Newspapers Ltd.Colombo. Sri Lanka.