BIZ BRIEFS

Yamaha’s winners

KATHMANDU: Ram Bahadur Katuwal (Invoice no: 1305, Lucky No: 13024 from Jorpati) and Ganesh Bahadur Barataula (Invoice No: 55, Lucky No: 10916 from Surkhet) won the two-night-three-day package to Donington, UK to watch Moto GP race on June 22. The scheme belonged to Morang Auto Works (MAW), the sole authorized distributor of Yamaha for Nepal and was valid from Poush 15 to Falgun 30. Under the scheme customers had enjoyed immediate discounts and got a lucky draw coupon also. The lucky draw was announced live in ‘Call Kantipur’. — HNS

BM’s S Asia network

KATHMANDU: Burson-Marsteller, a leading global public relations and communications firm, has announced formation of a Burson-Marsteller South Asia Network (BMSAN). It has forged strategic alliances with independent public relations companies across Pakistan, Bangladesh, Sri Lanka and Nepal, states a press release. It will be coordinated through Genesis Burson-Marsteller, a wholly owned B-M company in India. The agreements were signed in the presence of Bill Rylance, vice-chairman, Global Development and chairman Asia Pacific for Burson-Marsteller, with Strategic Alliance, Sri Lanka; Mediators Pvt Ltd, Pakistan; Cogito Marketing Solutions Ltd, Bangladesh and Media Tech Associates for Nepal. — HNS

Oil hits $117-a-barrel

BANGKOK: Oil prices spiked to a record above $117 a barrel on Monday in Asia following an attack on a key pipeline in Nigeria at the end of last week. Comments over the weekend by an OPEC official that the group isn’t likely to increase production also supported prices. Abdullah el al-Badri, secretary-general of the OPEC, said that oil prices would likely go higher and that the group was ready to raise production if the price pressure was due to a shortage of supply - something he doubted. — AP