Toyota Motor’s hybrid vehicles

Toyota Motor disclosed in Friday, their hybrid vehicle sales in Japan had grown one million marks and worldwide they had sold 2.68 million of the vehicles by the end of July. Toyota is the front line in hybrid cars, which use two power sources a gas engine and another source such as an electric motor. It launched in the Prius, the world’s first produced hybrid car, in 1997. The world’s biggest and greatest automaker later expanded use of its hybrid system to mini vans. Recently, nine Toyota produced hybrid passenger vehicle models and three hybrid commercial vehicle models are sold in Japan and a total of eight passenger hybrid models in overseas. The sales of hybrids have been brisk in recent years because of high gasoline prices and increasing public awareness of global warming.

Sri Lanka earns from tea record highest revenue

Sri Lanka expected to earn a record $1.4 billion from their tea exports this year. Tea is Sri Lanka’s biggest cash crop; they earned $635 million rupees in the first six months of 2010. Sold on overseas markets as ‘Ceylon tea,’ they earned $1.3 billion in export sales in 2009, despite drought hitting production and shipments suffering from the effects of the global crash in 2008. Tea shipments from January to June rose to 143.3 million from 134.5 million kilogram’s in the same period of 2009, they said.

RIM introduced a new BlackBerry

RIM unveiled a new BlackBerry aimed away from Apple’s iPhone and other rivals, but someone said that the handset won’t blow away the competition. Even the main features of BlackBerry Torch, including a touch screen and slide out keyboard, were well-known in the industry; investors registered their disappointment. Torch will go on sale in the USA on August for $199.99 with two year contract about the same price as an iPhone. New BlackBerry uses an excellent operating system and has a faster and easier to use net browsing. The analysts at Tuesday’s launch event in New York said the Torch does not represent a major advance but that its customers friendly features were enough to help RIM to catch up to any rivals. They expected new BlackBerry is the benefited the customers.

SEC of Bangladesh announced six companies to merchant banking

Securities and Exchange Commission of Bangladesh at a meeting gave approval to six companies to perform merchant banking activities. They are Jamuna Bank, Mutual Trust Bank, City Bank, Alfa Capital Management, Cosmopolitan Traders Private Ltd and Green Delta Insurance Company. With this announcement of the six merchant banks, the number of merchant banks has increased to 37 in Bangladesh. SEC also approved right issue offer of Bay Leasing & Investment Ltd. The company will issue 30, 60,000 ordinary shares of Tk 100 each at an issue price of Tk 350 per share (including a premium of Tk 250 each) totaling Tk 107.10 core.

Vietnam earn from garment and textile sector

Vietnam a development country earned $5.87 billion from garment and textile export in the first seven months of this year and up 17.4% year by year. In July this country earns $1.05 billion from selling garment and textile from world markets and month by month it climbs to 23.5%. Vietnam see a rapid growth in garment markets including the USA, the European Union, the Republic of Korea and countries and textile export to almost every market during this period. It is a bright hope for this country.

Thai motor sales rise

Thailand’s auto sales rise to 37% this year to 7, 50,000 vehicles and this helped by brisk economic growth, Japan’s Toyota Motor Corp disclose Tuesday. Toyota’s record Thai sales of 3,00,000 vehicles in 2010. Toyota hopes Thai export sales to grow 39% this year to 3,30,000 vehicles. Thai economy is forecast to post solid growth this year thanks to strong demand for its exports and the relatively limited impact of violent political unrest in this year.

MasterCard profit rise

MasterCard one of the world’s largest credit-card and debit-card processing network raises their second-quarter profit 31%. This New York based company reported net income of $458 million on Tuesday. That compared with $349 million in the year earlier period. This company attributed its results in part to an increase in spending on its cards, especially outside of the USA. The gross of dollar volume of the transactions MasterCard rose about 8.5% in world from the year, to $656 billion and growth in US gross of dollar volume was flat at $244 billion. MasterCard also claimed more consumers have resumed traveling and spending money in abroad. MasterCard cross border volumes increased in 15.2% from a year.

HSBC doubled their profit

HSBC double their net profits more than in $6.76 billion in the first half of 2010. The British group announced the results recently. They focus on building a high quality asset base for the future, which is encouraging that loan impairment charges now stand at their lowest levels since the start of the financial crisis of the World. This year they want to reach $7.5 billion approximately. It reflects the benefit of more stable economic conditions for many customers and follows their actions. HSBC also revealed that pre-tax profits more than doubled to $11.1 billion in the first half. They grew loans and advances to customers in all regions and by four per cent overall, compared with the end of 2009. Geographically, the strongest growth was in Asia, where they grew lending by 15 per cent. HSBC, born in Hong Kong and Shanghai in 1865 and best ever Asian banking giant. The bank said that across Asia, pre-tax profits increased by 20 per cent to $5.6 billion in the first half.