Monday, August 27, 2012
Mumbai: The girl Ishaqzaade Parineeti Chopra had a sudden wardrobe malfunction recently
Parineeti came to attend the special screening of Shirin Farhad Ki Bela Sehgal Nikal Padi Toh on Thursday night.
She wore a little orange color.
Sources say "Parineeti was wearing a coral dress rather tense seemed very comfortable for your frame.
But as soon as she realized that her dress had developed a tear near the zipper fugitive, took cover before they become serious. '
Freida Pinto and Celina Jaitley. Some of them were motivated, while several others were wardrobe malfunction suddenly.
Americans react to the death of Neil Armstrong, who will forever be remembered as the first person to set foot on the moon.
Astronaut Buzz Aldrin
"I am very saddened to learn of the passing of Neil Armstrong today," Aldrin said in a statement.
"Neil and I trained together as technical partners but were also good friends who will always be connected through our participation in the mission of Apollo 11. Whenever I look at the moon it reminds me of the moment over four decades ago when I realised that even though we were farther away from Earth than two humans had ever been, we were not alone."
"Virtually the entire world took that memorable journey with us. I know I am joined by millions of others in mourning the passing of a true American hero and the best pilot I ever knew."
President Barack Obama
A "deeply saddened" President Barack Obama on Saturday hailed late US space pioneer Neil Armstrong as one of the nation's greatest ever heroes for having inspired a generation to reach for the stars.
"When he and his fellow crew members lifted off aboard Apollo 11 in 1969, they carried with them the aspirations of an entire nation," Obama said in a statement.
"They set out to show the world that the American spirit can see beyond what seems unimaginable - that with enough drive and ingenuity, anything is possible. And when Neil stepped foot on the surface of the moon for the first time, he delivered a moment of human achievement that will never be forgotten."
Republican presidential candidate Mitt Romney
Republican presidential candidate Mitt Romney said astronaut Neil Armstrong is an "American hero".
Romney told reporters on Saturday that Armstrong's death was "very sad". In a subsequent statement, the Republican said the first man to walk on the moon takes his place in the "hall of heroes".
Romney said he met Armstrong "a few weeks ago", and that Armstrong's passion for space, science and discovery will inspire him for the rest of his life, adding "the moon will miss its first son of Earth".
NASA Administrator Charles Bolden
NASA Administrator Charles Bolden said "as long as there are history books, Neil Armstrong will be included in them".
Bolden issued a statement on Saturday on the famed astronaut's death at age 82. He said Armstrong will be "remembered for taking humankind's first small step on a world beyond our own".
Bolden said Armstrong was "one of America's greatest explorers" who readily accepted President John F Kennedy's challenge to send an American to the moon.
"Neil was our loving husband, father, grandfather, brother and friend," the Armstrong family said in a statment.
"Neil Armstrong was also a reluctant American hero who always believed he was just doing his job. He served his nation proudly, as a navy fighter pilot, test pilot, and astronaut. He also found success back home in his native Ohio in business and academia, and became a community leader in Cincinnati."
"While we mourn the loss of a very good man, we also celebrate his remarkable life and hope that it serves as an example to young people around the world to work hard to make their dreams come true, to be willing to explore and push the limits, and to selflessly serve a cause greater than themselves."
"For those who may ask what they can do to honour Neil, we have a simple request. Honour his example of service, accomplishment and modesty, and the next time you walk outside on a clear night and see the moon smiling down at you, think of Neil Armstrong and give him a wink."
Sunday, August 26, 2012
Los Angeles: The Kardashian sisters, Kim, Khloe and Kourtney have posed as sexy office secretaries in their latest photoshoot and have posted the images on their blog.
With the caption 'business women swag', the 31-year-old Kim showed off her curvews in a tight white blouse and pencil skirt, complete with blue polka dot necktie.
She then stripped off, and a second image showed her with blouse unbottned, to show off her cleavage.
Khloe perched on a desk for the photoshoot, hitching up her skirt, while Kourtney was wearing a red tie and navy blue blazer.
In Beverly Hills, it was business as usual for Kim, who visited a beauty salon for her daily manicure.
Having just returned from Hawaii, where she helped boyfriend Kanye West for his new album, Kim kept her sunglasses on throughout her appointment, despite being indoors.
New Delhi, August 26: As Delhi Police tries to unravel the true reason behind suicide Geetika Sharma, has now revealed that former Haryana minister Gopal Kanda had allegedly purchased property on behalf of his employee Geetika Sharma, and Kanda wanted his property back, police sources said.
From Geetika did everything possible to break its ties with Gopal Kanda and MDLR group, Kanda was allegedly pressurizing association remain with him. The reason: retrieve the properties purchased in the name of Geetika.
Kanda policy used the carrot and the stick against Geetika, and even once tried to frame in a check bounce case, a police official told Hindustan Times.
"Kanda issued a check to pay R3.5 lakh Sundale Education Society even though the account had been closed. Geetika had been appointed as the president of the company, so she was surprised," said an investigating officer.
"The control of documents, seized MDLR Kanda office and residence in Gurgaon, have revealed some clues about these properties. We are analyzing further for details about the properties purchased in the name Geetika" said the officer.
Police also found a forged certificate of character Geetika, who claimed that there was some criminal cases pending against him in Gurgaon.
The same certificate was sent to Emirates in Dubai, where Geetika was working in 2010 on the basis of which he was fired from his job.
"We found that the seal on the certificate was the civil lines police station in Gurgaon, as it was issued by the chief of police of different police station," the official added.
Researchers are looking for four mobile phones of some employees, including MDLR Geetika, who had returned after leaving the company in December 2011.
Police said Kanda was using three mobile phones registered to Geetika employees to call and send SMS messages.
Geetika was allegedly under pressure to sign over property to Gopal Kanda in the days before his suicide, reports Times of India.
Police believe the former minister of Haryana had bought several properties in Gurgaon Geetika name with or without their knowledge, but when it turned cold towards him, began requiring its removal.
They are examining the documents seized from MDLR office to confirm this.
Ordos, China and Miss China won the coveted title of Miss World on Saturday, triumphing at home for a final dazzling place in a mining town on the edge of the Gobi Desert.
The mostly Chinese audience burst into applause and fireworks lit up the sky when it was announced that the candidate of your home, Yu Wenxia, has been awarded the title.
"When I was young I was very lucky because many people helped me, and hopefully in the future I can help more children feel lucky," Yu, a teacher of 23 years old, an aspiring music said when Asked why she should be crowned.
Newly crowned Miss World China Wenxia Yu acknowledges the audience after winning the Miss World 2012 beauty contest in the Arena Stadium Ordos in Inner Mongolia, China Saturday, Aug. 18, 2012. AP / Andy Wong
Yu, who became China's second winner of Miss World, appeared on stage in a dazzling array of evening gowns during the last two hours and serenade the audience with a rendition of a song penetrating China.
Last year's winner, Ivian Sarcos of Venezuela, gave the crown to Yu, wearing a bright blue dress, in Dongsheng futuristic stadium in the northeastern city of Ordos.
The end included a nod to the culture of Inner Mongolia, with a performance by a group of musicians playing the erhu Mongols, a traditional two-stringed instrument.
Ordos, located about 700 kilometers (440 miles) from the nearest beach, was an unlikely setting for the most important beauty pageant in the world.
The city has been enriched in the last decade on the back of a booming coal mining to be a haven sandstorm-afflicted in one of the richest places in China.
The boom triggered a frenzy of construction in the city, but the local government has struggled to fill the huge blocks of flats that emerged, earning the title of the largest city in China ghost.
However, enthusiastic competitors seemed unfazed by the locale, expressing optimism that with the help of the event, the city could leave behind their reputation and take their place alongside other world centers of glitz and glamor.
"Ordos could be the next Dubai", Marielle Wilkie, representing the Caribbean island of Barbados, confidently predicted.
Floriana Garo contestant Albanian intervened with their own bold statement.
"In ten years, this city is booming," he said.
Architecture in Ordos, where a museum of the city as an undulating blob, is "world class," added Markysa O'Loughlin, representing St. Kitts and Nevis, also in the Caribbean.
Contestants yogurt smoothie in a nomadic yurt local costume and began to climb the sand dunes during his month stay in China. The video clips shown in the end showed the beauty queens posing in swimsuit on the sand dunes of the desert.
A total of 116 participants - the highest number of participating - took the stage for the final in a variety of stunning dresses, estimating that more than one billion people worldwide would tune in.
Miss Mexico Mariana Reynoso was a favorite with bookmakers for the title, but failed to make the last seven candidates despite a strong presence in the early rounds of the contest. Miss Wales Sophie Moulds ranked second, while Miss Jessica Kahawaty Australia finished third.
A ceremonial red flag was handed over to the representatives of Southeast Asian resort island of Bali, hosted the Final of Miss World 2013, during the ceremony.
Chennai, Aug 26: Chennai police are searching for a woman named Shahanaz, which until now has been married for 15 people, and escaped with the money. Although some people have claimed that they had "married" more than 50 times, police have been able to concentrate on only 15 husbands, reports Mail Today.
The mother of a 10 year old tricks conning Shahanaz husbands instead began Pathanamthitta in Kerala.
About 11 years ago, she first entered into marriage with a man named Siddique, who bore him a son. But the news of his alleged extramarital affairs as a result of a divorce and had to leave.
She married shanawaz following, which was Kayankulam. The wedding was short and she left him, taking with her 13 gold and Rs 1.1 lakh in cash.
Maybe this episode was encouraged and stimulated his appetite for more.
Soon she married another man and repeated his disappearing act and later moved to Chennai.
Once in Chennai, she got a job in a shop.There free margin in 2006, met Rajesh, a collection agent in a bank, and the two married. She left him for an assistant director in Kollywood. After the wedding reception, the couple went to Trichy for honeymoon.
There he gave the slip and returned to Chennai with all jewelry.
Back in Chennai and resumed relations with three friends - Prasanna, Chandra Babu and Saravanan. She married three, one after the other and pour them all.
Never stay in place of her husband. She claims to be preparing for civil services exam and staying in a hostel.
Staying away from home helped him carry out the act of disappearance, police said. Shahanaz often change hostels to avoid detection.
Thursday, August 23, 2012
US: Are things moving a wee bit fast for Taylor Swift and Conor Kennedy? A little more than a month after they were first spotted hanging out together, the popster, 22, has plunked down nearly $5 million for a spread near her 18-year-old beau's family compound in Hyannis Port, Mass., reports People.
“It's in a beautiful location and right across the street from Conor and the Kennedys,” notes a realtor. “It's a beautiful home. She got a nice home, paid fair price. The house was on the market for two to four years.”
The purchase appears to indicate Taylor is throwing her lot in with the Kennedy clan, which she has long admired and became friendly with. wonderwall
A baby boy was born by Caesarian section on Monday, the product of a successful smuggling attempt by a Palestinian prisoner who managed to sneak out a sperm sample to his wife.
Baby Muhannad was born in a Nablus hospital to Dallal Ziben, a 32-year-old mother from West Bank, whose husband Ammar is currently serving 32 life sentences in an Israeli prison.
Palestinians are not permitted to receive conjugal visits, and although Dallal Ziben has not set eyes on her husband for 15 years, she says she fell pregnant after being artificially inseminated by sperm her 37-year-old husband managed to sneak out of Hadarim prison in central Israel.
"Praise be to Allah who has blessed us after a long absence with my husband in prison," Ziben told AFP shortly before going in for an elective Caesarean.
"My husband and I, our two girls and the family have been waiting for this for such a long time," she said.
Ziben, who comes from Meithalun village between Nablus and Jenin, already had an 18-month-old daughter called Basha'er when her husband, who belongs to the Islamist Hamas movement, was arrested.
At the time, she was also five months pregnant with their second daughter, Bissan.
"I am very happy. This is the first genuine happiness in our house for more than 15 years," smiles Basha'er, now 16.
"When my mother told us she was going to get inseminated and give us a baby brother, we couldn't believe it," she said. "We have always wanted a brother and now the dream has come true." After the expectant mother was wheeled into the operating theatre, a group of women from the family gathered outside to wait, breaking into celebratory ululation at the first sound of a baby crying.
Standing outside the operating theatre, the proud grandmother said her son-in-law had named the baby after one of his friends "who was a martyr." Asked if the family objected to the way her daughter fell pregnant, she responded angrily.
"We are honourable people who are known for our good reputation and everyone supports us," she snapped. AFP
Dinesh Weerakkody, Chairman of Commercial Bank and Ravi Dias, Managing Director/CEO of the bank.
Exceptional balance sheet indicators, with deposit growth averaging nearly Rs 7 billion per month and gross loan book growth of more than Rs 5 billion per month in the first six months of 2012 have combined with strong gains in non-interest income to generate stellar 1st half results for Commercial Bank of Ceylon PLC. ComBank reported profit before tax of Rs 7.708 billion for the six months ended June30 2012, recording growth of 34.06 % over the first half of the previous year, and profit after tax of Rs 5.321 billion, an increase of 31.91 %, emphatically reiterating its status as one of the country’s best performing corporate entities.
“Clearly, public trust and confidence in the bank continue to grow by leaps and bounds,” Commercial Bank Chairman Dinesh Weerakkody commented. “We have achieved solid growth in deposits and a healthy increase in lending in the six months under review, building further on our strong performance of 2011.”
Ravi Dias, Managing Director and CEO of Commercial Bank said the bank’s performance reflects its resilience even in challenging conditions. “The solid foundation we have built and our continued commitment to best practice and sound fundamentals has proven its value in no uncertain terms,” he said.
The bank’s net income for the six months was up 40.29 % to Rs 16.550 billion, with interest income growing by 32.55 % due to the increase in its loan portfolio. Non-interest income (foreign exchange & other income) improved by 105.63 % to Rs 6.091 billion, mainly due to a growth of Rs 2.930 billion or 329.35% in exchange income.
The increase in foreign exchange income was largely due to the relatively higher volume of foreign currency operations of the bank and the translation gains recognised consequent to the depreciation of the Sri Lanka Rupee against the US Dollar during the six months period under review. In addition, the other income of the bank, which mainly comprises of commission income and investment income recorded an increase of Rs. 198.6 million or 9.58%.
Net Interest income of the bank grew by 18.38 % over the corresponding six months of last year to Rs 10.459 billion.
The main contributory factor for this increase in net interest income was the increase in interest income on the loans and advances portfolio of the Bank by Rs. 5.866 billion, or 44.25% during the six month period under review. This was mainly due to the increase in the performing loans and advances portfolio of the Bank by Rs. 29.094 billion, or 10.69%. At the same time, the total interest expenses of the Bank too increased by Rs. 4.232 billion or 46.21% during the six months under review primarily due to the growth in the volume of deposits of the Bank by Rs. 41.826 billion or 13.13% to Rs.360.287 billion, and also due the continued increase in the market interest rates.
Commercial Bank’s Total income for the six months was up 41.49% to Rs 30.393 billion. Total assets increased by 10.99% or Rs 48.489 billion, from Rs 441.099 billion at 31st December 2011 to Rs 489.588 billion at the end of the review period.
Dinesh Weerakkody, Chairman of Commercial Bank and Ravi Dias, Managing Director/CEO of the bank.
Net provisions for bad and doubtful debts increased to Rs 1.008 billion as against a net reversal of Rs 300.6 million for the first half of 2011, made possible by the reduction of the general provision rate from .9% to .7% between 1st January and 30th June 2011. The increase in net provisions for bad and doubtful debts for the first half of 2012 was mainly as a result of a more stringent provision policy adopted by the Bank.
Non-interest expenses increased by 21.79% to Rs 6.783 billion, largely on account of increased personnel costs and expenses linked to the expansion of the Bank’s delivery channels in Sri Lanka. The Bank opened five new service points and added 22 new terminals to its ATM network during the period under review.
The Bank’s total capital adequacy ratio stood at 12.22% as at 30th June 2012, as against the prescribed minimum of 10%. The gross non-performing advances ratio increased from 3.43% as at 31st December 2011 to 3.66%, while the net non-performing advances ratio moved from 2.08% to 2.14% during the same period.
source : Dailynews - Srilanka
source : Dailynews - Srilanka
The NDB Group has delivered yet another strong performance for the First half of 2012 recording a commendable profit after tax of Rs 1,362 million to its shareholders, which is an increase of 36 percent compared to the previous year.
The Chairman of the bank Hemaka Amarasuriya stated that ‘the impressive results are attributable to the Bank’s overall strong position and the continued focus on providing solid returns and dividends to our shareholders. Results have been achieved in an environment where the impact of the global financial crisis continues to linger and credit growth remains low with business and consumer confidence fragile given the volatility and uncertainty in the markets.
Despite volatility in interest rates and growing concerns over higher borrowing cost and the prevailing downward trend in exchange rates, the bank has reported a commendable second half due to the effective execution of our strategic priorities of customer satisfaction, business banking, technology, operational excellence and profit growth.’ The results are characterised by the bank’s net income (NII, fee and forex income) increasing by 52 percent to Rs 4,746 million, Net interest income of Rs 2,579 million and fee and forex income of Rs 1,512 million grew by 27 percent and 72 percent respectively over the comparative period. The profit before tax of Rs 2,757 million recorded an increase of Rs 1,078 million or 64 percent compared to the previous year.
The reported earnings for the bank also include equity income of Rs 536 million on the sale in investments of NDB Investment Bank Ltd, NDB Stock Brokers (Pvt) Ltd and of the 5 percent direct holding in AVIVA NDB Insurance PLC, to NDB Capital Holdings PLC (formerly known as Capital Development and Investment Company PLC). Following a strategic restructuring of the group,s corporate equity holdings, the re-launch of Capital Development and Investment Company PLC under a new corporate identity named ‘NDB Capital Holdings PLC’ further strengthens NDB group’s universal banking capabilities comprising of Investment Banking, Wealth Management, Stock Broking, Private Equity and Insurance.
We have no doubt that by leveraging NDB’s unparalleled brand strength, and geographical reach, the subsidiary will play a key role in mainstreaming a substantial part of the shadow economy by providing better access to financial services.
sources :Dailynews- Srilanka
AUSTRALIA: Plans to transfer asylum-seekers who arrive in Australia by boat to Pacific states won crucial support Tuesday, with Prime Minister Julia Gillard saying they could be processed offshore within a month.
Canberra has struggled to stem an influx of boatpeople who make the dangerous sea voyage to Australia, and on Monday said it would move to handle their refugee claims on Nauru and Papua New Guinea.
“Within a month we would hope to see people processed on Nauru and Papua New Guinea,” Gillard said, adding that she had spoken to the leaders of both nations and they responded positively to the idea.
The government hopes that offshore processing will deter asylum-seekers from paying people-smugglers to bring them to Australia, knowing they could spend years waiting on a Pacific island before moving back to the country. Parliament will later Tuesday debate amended laws aimed at reinstating the offshore processing -- a practice abandoned by the Labor party when it won power in 2007.
It follows an independent report by former defence force chief Angus Houston released on Monday which recommended reopening the shuttered camps used under the so-called “Pacific Solution” of former conservative leader John Howard.
Under the controversial scheme, boatpeople were processed on PNG's Manus Island or tiny Nauru in Australian-funded detention centres but many languished on these remote outposts for years. Tony Abbott, who leads the conservative opposition which has long supported reopening Nauru as an offshore processing centre, welcomed Gillard's “last-minute conversion to common sense”, but said it came too late.
“I think this is a good move from the government, it could have come at any time in the last four years, it should have come much, much earlier than it has,” he told reporters.
“While the prime minister's stubbornness has been preventing real solutions from being put in place we've had 22,000 boatpeople, we've had almost 400 boats and we've had terrible cost, terrible trauma, terrible tragedy.” The number of boatpeople coming to Australia this year has reached more than 7,500, an all-time high, and the government acknowledges that not all boats successfully complete the journey, with hundreds drowning en route since 2001.
More than 600 Australia-bound asylum-seekers are thought to have perished at sea since October 2009 and Home Affairs Minister Jason Clare said Tuesday that another 67 asylum seekers were likely to have died more recently.
Customs are investigating reports that a boat left Indonesia, a main transit hub for boatpeople fleeing Afghanistan, Iraq, Iran and Sri Lanka, in late June but has not been heard from since.
“We're checking with Indonesian officials as well but unfortunately at the moment there's no evidence that those people have arrived in Australia,” Clare said. “So 67 people for whom we hold very grave fears at the moment.” AFP
You cannot make reasoned decisions without doing intense analysis and operational planning - Clinton:
US: The United States said Monday it has not ruled out any option to bring about the departure of Syrian President Bashar al-Assad, following renewed speculation about a possible no-fly zone.
White House spokesman Jay Carney was asked about comments by US Secretary of State Hillary Clinton in Turkey that sparked a new round of questions about a stepped-up Western role in the violence-wracked country.
“The president and his team have ruled out no option as we try to bring about, with all of our partners and with the Syrian people, the diplomatic transition that is so desperately needed in Syria,” he said. But Carney did not explicitly refer to a no-fly zone and insisted the current US approach -- of aiding rebels with non-military supplies as well as imposing sanctions on the regime -- was putting pressure on Assad.
“We review all options as you would expect and will continue to do so,” he said, in comments which did not seem to mark a new departure for US policy.
On Saturday, Clinton was asked after talks with Turkish Foreign Minister Ahmet Davutoglu whether operational planning being conducted by Washington and its allies included a possible no-fly zone to protect Syrian civilians. “The issues you posed in your question are exactly the ones the minister and I agreed need greater in-depth analysis,” she said in Istanbul. “It is one thing to talk about all kinds of potential actions, but you cannot make reasoned decisions without doing intense analysis and operational planning,” she added. State Department spokeswoman Victoria Nuland said Monday that the United States wanted to work with the opposition to speed up the fall of Assad.
“In the context of that, the secretary spoke about operational planning -- contingency planning -- that we are doing with the Turkish government, looking at how we can support those on the ground who are trying to hasten the day without ourselves making the suffering worse,” Nuland told reporters.
Clinton, who has returned to Washington, will spend the week consulting with additional countries about Syria, Nuland said. Washington insists Assad must leave office as part of any solution to the 17-month-old civil conflict in Syria, which has left more than 21,000 dead. But there appears to be little appetite in Western capitals for another military intervention in the Middle East, even the imposition of an aerial exclusion zone like that imposed in Libya by NATO last year.
US military officers have warned that the imposition of a no-fly zone could quickly escalate into a broader intervention, as it did in Libya.
The Pentagon on Monday said the Syrian regime was employing more air power in its war with the rebels.
“We've seen a very troubling and despicable uptick in attacks from the air, perpetrated by the Syrian regime,” Pentagon spokesman George Little told reporters. AFP
US: President Barack Obama on Monday ribbed scientists behind NASA's roving robot Curiosity, instructing them to let him know right away if they found life on Mars.“If in fact, you do make contact with Martians, please let me know right away,” Obama joked, as he called the scientists at NASA's Jet Propulsion Laboratory in California from Air Force One.
“I've got a lot of other things on my plate, but I suspect that that will go to the top of the list. Even if they're just microbes, it will be pretty exciting.” Curiosity touched down on Mars last week, after a high-risk landing, and will hunt for soil-based signatures of life on Earth's nearest neighbor and send back data to prepare for a future human mission.
It will also haul a Mars Science Laboratory as far as halfway up Mount Sharp, a towering three-mile (five-kilometer) Martian mountain with sediment layers that may be up to a billion years old. Obama said that thanks to the dedication of NASA scientists, Curiosity “stuck her landing and captured the attention and imagination of millions of people not just across our country, but people all around the world. “You've made NASA proud. You guys are examples of American know-how and ingenuity, and it's really an amazing accomplishment,” he said, and offered a political vow to maintain critical investment in science and technology.
Obama's call was another example of the advantages of political incumbency: he got to talk to the scientists in his official role from his presidential plane while his Republican foe Mitt Romney only got to talk about them. AFP
Sunday, August 19, 2012
Veena Malik first show religious "Astagfar" PRT has reached the highest ever. The show created a positive response worldwide. People of the world appreciates Veena Malik Avatar again in your program. About 3 million rupees viewer to see the first show of "Astagfar" and has received a tremendous response from viewers doki Waku on the small screen.
Veena Malik said: "It was very big for me that people around the world have appreciated me and they accepted my show. The show has touched the hearts of the people shown in a note PRT."
After so many outrages in the world the show goes on the air and won the highest TRP ever. Veena Show breaking all the records that is incredible. This show is more about connecting with the public. The extraordinary success of the series can now be called a success story after her big break on the small screen.
Saturday, August 18, 2012
The Bank closed the first half with a post tax profit of Rs. 893Mn, surpassing the comparative period of last year by 21%. Core-earnings posted good growth over 2011 with revenue increasing at a higher rate of 13%, compared to an expense growth of 11%. The performance was primarily driven by four strategic business units comprising of Retail & SME, Credit Cards, Corporate Banking and Treasury, which recorded both volume growth and profit growth for the period.
Ronnie Peiris, Chairman, Nations Trust Bank and Saliya Rajakaruna CEO/ Director, Nations Trust Bank
Leasing also performed well, despite industry wide challenges arising from the changes in the import tax structure for vehicles. The Bank continued to progress well in diversifying its portfolio and earnings base, while optimizing returns in a controlled growth environment.
Maintaining net Interest Margins across the businesses were challenging due to the rising cost of funds and intensifying competition for deposits. Timely intervention in pricing the asset and liability portfolios and growth in business volumes across all businesses mitigated margin pressure to a great extent and resulted in net interest income recording a growth of 11% over the previous period.
Non fund based income recorded a robust growth of 16% over the previous period. Changes to import tax regulations, coupled with the depreciation of the rupee, curtailed imports volume and impacted the Bank’s Trade Finance income. Credit cards income recorded a commendable growth of 32%, stemming from both the acquiring and issuing businesses. Both local and destination spend increased by over 25% compared to the 1H of previous year driven by significant expansion in the Bank’s card issuances. Forex income also recorded a notable growth as a result of currency volatility in the market.
The Bank continued to manage costs, curtailing the increase in expenses to 11%, despite investments made in expanding the delivery network and building the brand. No material shifts were seen in the cost composition for the year. Group cost income ratio stood at 59% on par with the previous period. Continuous emphasis has been made to improve cost efficiency and productivity across the key cost lines processes and functions of the bank.
After 6 months of rigorous process re-engineering and improvements, the bank is currently reaping the benefits with substantial savings generated from identified expense lines.
As part of its focus on cost efficiency and productivity measures, the bank also took the first steps in digitalizing a number of its internal processes, starting from the Boardroom. With the introduction of the iPad Board Application, the Bank eliminated costs in terms of paper usage, printing and couriering, whilst giving Board Members access to all past and current board papers at the click of a button, enabling both simpler and faster decision making.
A number of other similar projects have commenced across the organisation.
A sound credit risk management framework in the Bank ensured a healthy NPL ratio of 2.91% compared to 2.79% reported in December 2011. Loan loss provisions which comprises of specific provision write-back and a general provision charge in line with the asset growth for the quarter, was comparatively higher than the previous period which recorded reversals on both categories.
The Bank also managed to grow its loan book by 13% to Rs 71Bn and deposits by 22% to Rs. 81Bn. Whilst the loan growth was on par with industry, deposit growth exceeded the market. A significant portion of the funding of the asset book was through deposits which also improved the Loans to Deposit ratio, bringing in increased stability to the balance sheet.
Driving low cost deposits continued to be challenging with such deposits contributing to only 11% of the growth recorded for the 6 months period.
The rising interest rates have resulted in a steep shift towards term deposits, with customers opting for higher returns on their regular savings and investments. The Bank launched a savings campaign to reward customers across the branch network and has seen steady positive results.
The capital position was at a sound Rs.9.0Bn with Capital Adequacy Ratios both at Tier 1 and 2 maintained at comfortable levels.
In line with the strategy of expanding customer touch points to enhance accessibility and convenience, the branch network expanded its footprint by opening 4 new branches in Nelliyadi, Kaduruwela, Aluthgama and Wennappuwa. Two SME business centres were also opened in Kurunegala and Anuradhapura, with the SME Toolkit being offered at these centres. Several ties-up were established with remittance houses across the globe and the Retail team made numerous visits to the Middle Eastern and European countries to enhance relationships and promote the Nations Trust brand as a key player to the Sri Lankan expatriate population.
Sri Lanka’s largest private bank, the Commercial Bank of
Ceylon was one of 10 leading corporate entities to be awarded Gold at the 2012
National HRM Awards presented by the Association of Human Resource
Professionals in partnership with Aon Hewitt, a global HR consultancy firm.
National HRM award winners
This is the third consecutive instance in which the Bank won
a Gold award under the new criteria set for the awards since 2007, the Bank
The HRM Awards assess, recognize and felicitate the best
Human Resource Management systems and processes among corporate entities of the
country. The involvement of a firm of the calibre of Aon Hewitt and a
distinguished panel of judges provides the evaluation process more
independence, transparency and acceptance.
“The Commercial Bank considers its employees as its greatest
asset, and believes in the development and progression of staff,” said Ravi
Dias, Managing Director and CEO of Commercial Bank.
“We provide staff with rewarding career opportunities and
performance-based rewards. The Bank also maintains a good dialogue with
employee organizations to ensure employee commitment and engagement to achieve
its strategic objectives.”
Commercial Bank is the largest private bank in Sri Lanka,
and the only Sri Lankan Bank to be listed two years consecutively in the
world’s Top 1,000 Banks.
It operates a network of 220 service points in Sri Lanka and
a network of 522 ATMs, the single largest ATM network operated by a bank in the
island. It also operates 17 service points in Bangladesh and is the 4th largest
foreign bank in that country.
S KOREA: South Korean oil refiners are in talks with Iran to resume oil imports, officials said Thursday, potentially by using Iranian tankers as a way to circumvent European Union sanctions.
Talks are currently underway with Tehran, officials of Hyundai Oilbank, SK Energy and Seoul's knowledge economy ministry said.
Imports stopped entirely in July when an EU oil embargo on Iran over its nuclear programme took effect, banning European firms from insuring Iranian oil shipments.
South Korea had relied entirely on European firms for such coverage but a Hyundai Oilbank spokeswoman told AFP: “We are still hammering out details before finalising the deal... in a way to let Iran to take responsibility for oil tanker insurance.”
A spokesman for SK Energy, the other South Korean refiner which previously bought Iranian oil, confirmed the ongoing talks but refused to elaborate.
The South bought 9.4 percent of its crude oil from Iran last year.
It had been sharply reducing purchases this year in return for a waiver from separate US sanctions on Tehran.
CHINA: Noted director James Cameron launched on Wednesday a joint venture aimed at developing 3D cinema in China, a country which he says offers the best prospects for expanding the technology.
“The future of entertainment is 3D and we believe that the future of 3D is right here in China,” said the Canadian, explaining he was in the Chinese capital not as a director but as a businessman.
Cameron, who is convinced that the transition of the film industry from 2D to 3D is inevitable, told a news conference: “China is the most fertile soil to plant that seed”. The director's Cameron/Pace Group (CPG), which specialises in 3D technology, is partnering with two Chinese firms from the city of Tianjin, Tianjin High-Tech Holding and Tianjin North Group, to create CPG China.
“We are here to make movies better by working with film-makers here in China,” said Cameron. “We are here to give them the tools and the techniques to make the transition from 2D to 3D.” Wang Dafan, president of Tianjin North Group, said that CPG, a company founded by Cameron and his partner Vince Pace, leads the world in 3D technology.
Cameron hopes to take advantage of a box-office explosion in China, where the film industry is booming and the number of cinemas is on the rise, potentially offering one of the most lucrative markets in the world.
He directed the two most profitable films in cinematic history, “Titanic” and “Avatar”, which also broke records in China.
It was reported August 15, 2012, the actress Andrea Jeremiah in southern India has admitted to media images of your kiss on the mouth with the music director of the famous "Di Kolaveri" Anirudh Ravichander song are real .
Apparently he claimed those pictures are 18 months old.
View slideshow: Photos of Andrea Jeremiah Anirudh and kissing in viral - Photos
The pictures of Anirudh Ravichander and Andrea Jeremiah was leaked online and is distributed on Facebook and Twitter.
One image is a close-up of the two where kissing lip to lip and the other photo, Andrea Anurudh is kissing on the cheek.
A YouTube video showing the photos were removed due to copyright claims, while photos are being circulated on Facebook and Twitter.
The images became viral, but the actress singer does not seem bothered at all. Andrea Jeremiah and Anirudh said she did share a beautiful relationship, but did not work for whatever reasons.
Jeremiah began his career as a Tamil playback singer in 2005 and has many hit songs to his credit.
She is remembered for her role in "Pachaikili Muthucharam". The actress is working on Kamal Haasan in "Viswaroopam" a big-budget project for her.
Tuesday, August 14, 2012
University of Toronto scientists are part of an international team of researchers that have identified a pair of genes which they say can be used to quickly and accurately catalog plants around the world. The classification technique is known as DNA barcoding and uses a short genetic marker in an organism's DNA to identify it as belonging to a particular species.
Invented about five years ago as a method for identifying animal species, the use of DNA barcoding in plants was delayed because of the complex nature of plant genetics and disagreements over which regions to use.
The scientific team "compared the performance of the seven leading candidate gene regions against three criteria: ease of obtaining DNA sequences; quality of the DNA sequences; and ability to tell species apart based on a sample of 550 species of land plants", said Spencer Barrett, a professor at the University of Toronto and the head of the Canadian plant barcoding group.
"Based on this global analysis we recommended that matK and rbcL — two chloroplast genes — are adopted as the DNA barcode for land plants."
The team hopes to apply the classification techniques in the world's biodiversity hotspots where a shortage of botany specialists often slows conservation efforts. Because it is DNA based, the technique can work on very small amounts of tissue including fragments of plant material, small seedlings and in some cases digested or processed samples. These characteristics allow the methodology to be applied to other applications including identifying illegal trade in endangered species, locating and identifying invasive organisms, poisonous species and fragmentary material in forensic investigations.
The classifications immediate benefits will be felt in global projects such as Tree-BOL which aims to build the DNA barcode database for all the species of trees of the world — many of which are of economic and conservation importance.
Sunday, August 12, 2012
Nestlé Lanka PLC, recorded a good revenue growth of 13.5 % (YoY) for the six months ending June 30, 2012, posting a revenue of Rs. 14.5 billion against the background of a difficult market environment.
A milk collection centre in a rural area operated by Nestle Lanka
The company announced a flat bottomline growth of -1 % (YoY), with a net profit of Rs 1,246 million due to currency depreciation and the rise in fuel, energy and other costs which resulted in a significant increase of costs for its manufacturing operations.
“2012 continues to be a very trying year for us. Despite the many challenges we face, we are maintaining a solid revenue growth and strengthening our leading position in our key categories.
However, external impacts on the bottomline are continuing to take its toll. Notwithstanding, Nestlé will continue its strong commitment to Sri Lanka and its people. We have continued to contribute significantly to the local rural economy and registered a 35 % increase in the procurement of local fresh milk. We remain committed to ‘Creating Shared Value’ for our local communities even during this difficult time.” said Alois Hofbauer, Managing Director of Nestlé Lanka PLC.
In 2011, the company’s overall contribution to the rural economy by way of fresh milk and coconut purchases was 3.6 billion, resulting in a 63 % increase in fresh milk and coconut procurement from 2010.
Source : Daily News
Netanyahu: All the sanctions so far have not set back the Iranian nuclear programme:
BELGIUM: Iran's main nuclear negotiator Saeed Jalili agreed in phone talks on Thursday to speak again with world powers before the month is out on Tehran's contested programme, the EU's top diplomat said.
"I proposed, and Dr Jalili agreed, that we talk again after further reflection at the end of the month," Catherine Ashton said in a statement after discussing "how to move the talks with Iran on the nuclear issue forward".
She did not say if these next talks would be face-to-face or more phone contact, but underlined: "I impressed the need for Iran now to address the issues we have raised in order to build confidence."
Working on behalf of Britain, China, France, Germany, Russia and the United States, European Union High Representative Ashton is trying to elevate dialogue with Tehran into a stable exchange after tortuous stop-start diplomacy.
The planned contact will follow face-to-face talks between the pair's respective deputies in Istanbul in Turkey last week.
Ashton said she had "explored diplomatic ways to resolve international concerns about Iran's nuclear programme", which Israel and the West suspect is a cover for efforts to build an atomic bomb, a charge denied by Iran.
The so-called P5+1 group she represents has told Iran to immediately stop enriching uranium to the 20 percent level, to ship out its existing 20 percent stock and to shut down a fortified underground enrichment facility.
Experts say uranium must be enriched to 90 percent purity to make nuclear bombs, but that 20 percent purity is a key stage in paving the way towards that capacity.
Iran insists it has a right to uranium enrichment under the nuclear Non-Proliferation Treaty and wants Western sanctions on its economy to be eased.
The US Congress on Wednesday approved punishing new sanctions targeting Iran's energy and shipbuilding sectors, amid deliberation over a possible first strike against Iran's nuclear facilities by Israel.
Israeli Prime Minister Benjamin Netanyahu has complained that "all the sanctions and diplomacy so far have not set back the Iranian programme by one iota". AFP