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Items filtered by date: Thursday, 26 July 2018

Union Bank June profits edge up

Union Bank of Colombo PLC reported slightly higher profits during its April – June quarter (2Q18) as the bank could not escape from the industry-wide phenomenon of stress building up on loans amid challenging economic conditions.

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Sri Lanka’s maritime sector master plan nears completion

Sri Lanka’s maritime sector master plan, developed by Maritime and Transport Business Solutions (MTBS), a consultancy firm from the Netherlands, and funded by the Asian Development Bank (ADB) is nearing completion, according to Ports and Shipping Minister Mahinda Samarasinghe.

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