Airbus sees ‘several hundred’ orders at Paris Airshow

?REUTERS: Airbus could announce “several hundred” aeroplane orders at the June 15-21 Paris Airshow, Fabrice Bregier, chief executive of the planemaking unit of Airbus Group, said on Saturday.

Hemas 4Q net down 18% to Rs.771mn, FY 2015 follows suit

?Diversified conglomerate, Hemas Holdings PLC (Hemas) posted a net profit of Rs. 771.6 million for the quarter ended March 31, 2014 (4Q’15), down 17.6 percent from a year ago due to a heavy increase in selling expenditure and the fall in other operating incomes....

China rejects US criticism of sea reclamations

?AFP - China yesterday rejected US demands to stop all reclamation works in the South China Sea, saying it was exercising its sovereignty and using the outposts to fulfil international responsibilities.

Expolanka 4Q net up 167% to Rs. 216mn, but full year down 38%

?The diversified freight and logistics group, Expolanka Holdings PLC posted a net profit of Rs.216. 4 million for the quarter ended March 31, 2014 (4Q’15), up 167 percent from a year ago, the interim results released to the Colombo Stock Exchange showed. 

Asian Chief Audit Executives Leadership Forum kick starts today

?The Asian Chief Audit Executives Leadership Forum will be held for the first time in Colombo at the Cinnamon Grand Hotel today under the theme “Inspire to Lead”. 

Best Western Elyon Colombo appoints Renuke Coswatte as GM

?Best Western Elyon Colombo is pleased to announce the appointment of seasoned Sri Lankan hotelier, Renuke Coswatte as the General Manager of its 59-room Hotel in Colombo.

The creators of findmyfare.com launch retailgenius.com

The creators of findmyfare.com today launched their latest e-commerce website, retailgenius.com.

Leo Burnett wins Sri Lanka’s first D&AD Pencil

?Leo Burnett Solutions Inc. (LBSI), the local office of the global advertising network Leo Burnett Worldwide recently won a Graphite Pencil at the D&AD (Design and Art Direction) Awards 2015. 

BoC starts year on strong footing with Rs.4.4 bn 1Q 2015 PBT

?After completing its 75th anniversary year with a commendable achievement of Rs.20.3 billion PBT, BoC has reported Rs. 4.4 billion PBT for the 1Q 2015 by achieving a 15 percent growth over 1Q of the previous year. 

National Chamber offers secretarial services

?The National Chamber is offering secretarial services to business councils, trade associations, professional bodies and other organizations in the areas of financial and accounting management, event management, co-ordination, marketing /media...

MTD Walkers 4Q net down; full-year profits surge over 80%

?Integrated infrastructure and engineering solutions provider MTD Walkers PLC posted a net profit of Rs.44.5 million for the quarter ended March 31, 2015 (4Q15), down 52 percent from a year ago, the financial accounts released to the Colombo Stock Exchange showed. 

Central Finance debentures snapped up

Central Finance Company PLC (CF) said it successful raised Rs.3 billion through a debenture issue. The issue opened for subscription yesterday.

Retail operations drive Ceylon Cold Stores performance

?Ceylon Cold Stores PLC, a unit of the John Keells group, which has interests in consumer goods manufacturing and retailing, saw its net profit for the March quarter (4Q15) edging down 7 percent year-on-year (YoY) to Rs.601.2 million.

Maldivian resort group plans second project in Kalpitiya

Leading Maldivian resort group Sun Siyam said it was setting up a 100 percent Maldivian-owned villa resort in Kalpitiya, Sri Lanka.

Dialog & Odel pioneer Smart Retail with D-Beacon

?Sri Lanka’s premier telecommunications service provider, Dialog Axiata PLC, announced this week, that it had partnered the country’s leading fashion retailer, Odel, to deploy and launch a Smart Phone Beacon-based store engagement platform for the first time in Sri Lanka.

Mahapola Lotto offers big rewards for big performers

Lotteries innovator Mahapola Lotto, in its first sales conference, has honoured its top sales people from across Sri Lanka recently.

Leisure World’s XD cinema records highest attendance

The first XD cinema in Sri Lanka recorded highest customer participation since October last year.

KTI introduces promo to win complete Fisher Price range

Fisher Price of USA is known the world over as a much loved brand with a world famous concept...

Photo Technica introduces Nikon’s first-ever DSLR to local market

In a landmark launch, Photo Technica introduced Nikon’s first-ever DSLR with built-in Wi-Fi & NFC D 7200, recently.

Dwellings Group to showcase property investment opportunities in Australia

Dwellings Group is set to follow up its appearance in Sri Lanka with its presence at the Cinnamon Grand Hote...

CDS signs MoU with NSDL India

The Central Depository System (Pvt) Ltd (CDS),...

There is no right model for a regulator: Mayor of London

Regulators will never be able to keep up with capital markets,...

Pathfinder launches research findings of prominent academics

In 2011, the Pathfinder Foundation (PF) and Institute for the Study of Human Rights...

China Harbour optimistic about Port City approval

The China Harbour Engineering Company (CHEC) which is constructing the Colombo Port City...

Regime change led to improvement in Treasury revenue collection: Ravi K

The Treasury has collected higher revenues than projected in the January interim budget,...

Hilton Hotel owners report Rs.243mn net profit for FY15

Hotel Developers (Lanka) PLC, the owners of the Hilton Hotel Colombo,...

TJL to acquire Quenby Lanka for US$ 3.5 mn

Weft knit manufacturer Textured Jersey Lanka PLC (TJL),...

Shippers’ Council upset over Customs DG’s sudden resignation

Sri Lanka Shippers’ Council yesterday expressed concern over the sudden...

Aitken Spence 4Q net profit steady despite revenue drop

?Blue-chip Aitken Spence PLC saw its net profit for the March quarter (4Q15) steady at Rs.1.38 billion despite revenue dropping to Rs.9.45 billion from Rs.11.1 billion a year ago. 

Better political culture vital for luring investments: CCC

?Sri Lanka’s premier trade chamber believes a better selection process by political parties in selecting candidates for future elections could change the country’s political culture and attract quality investments, both local and foreign.