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.