𝑺𝒎𝒂𝒓𝒕 𝑰𝒏𝒔𝒊𝒈𝒉𝒕𝒔 𝒘𝒊𝒕𝒉 𝑹𝒊𝒉𝒂𝒎 𝑴𝒐𝒊𝒏.

𝑺𝒎𝒂𝒓𝒕 𝑰𝒏𝒔𝒊𝒈𝒉𝒕𝒔 𝒘𝒊𝒕𝒉 𝑹𝒊𝒉𝒂𝒎 𝑴𝒐𝒊𝒏.

6/16/2025, 1:54:34 AM

*BRS News Flash 16.06.2025:* • The Colombo Bourse witnessed a strong start to the week with heightened interest among retail investors. However, the indices remained volatile towards the end of the week and ended in the red territory on Friday albeit recording WoW gains. The benchmark ASPI gained 32.63 points (+0.19%) while the more liquid S&P SL20 index was up by 15.90 points (+0.31%) to close at 17,427.08 and 5,191.86 respectively. 📈📊 *Source:* https://research.bartleetreligare.com/reports/brs-weekly-market-report-13062025-1214 • Outstanding credit to the private sector as at the end of April crossed the Rs. 8.5 trillion mark, with lower demand in the festive month but clocking over 15% year-on-year (YoY). 💰📤 *Source:* https://www.ft.lk/top-story/Credit-to-private-sector-tops-Rs-8-5-t-mark/26-777768 • Sri Lanka has seen a promising 33% rise year-on-year (YoY) in tourist arrivals during the first 10 days of June, welcoming 43,962 visitors compared to 33,017 during the same period in 2024. 🌴🧳 *Source:* https://www.ft.lk/front-page/Sri-Lanka-welcomes-over-43-000-tourists-in-early-June/44-777765 • The Central Bank of Sri Lanka (CBSL), with a view to facilitating sustainable revival of businesses that were adversely affected during the recent past has advised the licensed commercial banks and licensed specialised banks (hereinafter referred to as licensed banks) to provide further concessions to those SME borrowers who commenced discussions for business revival with the respective banks by 31.03.2025. 💼🏦 *Source:* https://www.themorning.lk/articles/TYdf8wD9pK1op3Q46WFU • Sri Lanka has raised electricity tariffs by 15% as part of crucial prior actions required for the next disbursement under its US Dollars ($) 3 billion IMF bailout programme, the International Monetary Fund confirmed on Thursday (12). 💡🌐 *Source:* https://www.themorning.lk/articles/ijDXYESoA98dV1JMOlaZ *BRS Equity Research*

𝑺𝒎𝒂𝒓𝒕 𝑰𝒏𝒔𝒊𝒈𝒉𝒕𝒔 𝒘𝒊𝒕𝒉 𝑹𝒊𝒉𝒂𝒎 𝑴𝒐𝒊𝒏.

6/18/2025, 3:40:52 AM

*BRS Newsflash 18.06.2025* • The Colombo Bourse ended in red as ASPI lost 78.24 points (-0.45%) to close at 17,281.95 while the S&P SL20 index moved down 3.74 points (-0.07%) to close at 5,151.74. 📉 💼 📊 Source: https://research.bartleetreligare.com/reports/traders-daily-digest-17062025-1219 • The Department of Census and Statistics (DCS) yesterday confirmed that the country’s Gross Domestic Product (GDP) grew by 4.8% in the first quarter of 2025, lower in comparison to 5.3% achieved a year ago as part of the recovery following the economic crisis. 📈 Source: https://www.ft.lk/front-page/Economy-loses-steam-in-1Q-with-lower-growth/44-777811 • Sri Lanka’s economy continued humming as both manufacturing and services sector activities have expanded in May as reflected in the Purchasing Managers’ Index (PMI) data for the month. Manufacturing activities picked up backed with an index value of 55.5 after a seasonality driven dip in April when the index fell to 40.1. The services activities meanwhile recorded an index value of 57.0, slightly easing from 60.6 in April, signalling continuous expansion in the services sector, largely led by the relaxed monetary conditions which made possible increased lending activities. 🏭👩‍🏭 Source: https://www.dailymirror.lk/business-news/Manufacturing-and-services-PMI-expand-in-May/273-311844 • Marking a major step forward in ongoing external debt restructuring efforts, the Finance Ministry yesterday announced the signing of a bilateral agreement with France to reschedule € 390mn in outstanding loans. The official signing ceremony took place on Monday, marking a significant milestone in the country’s path toward stabilising its debt and restoring financial sustainability. 🤝 Source: https://www.ft.lk/front-page/Sri-Lanka-and-France-sign-external-debt-restructuring-agreement/44-777875 • There has been some modest pickup in credit card spend in April reflecting that consumers are ramping up spending on everything from their staples to discretionary such as dine-outs and recreational activities as conditions turn relatively better while prices ease and the interest rates decline.💳🛒 Source: https://www.dailymirror.lk/business-news/Credit-card-spend-picks-up-in-April-by-Rs-4-4bn/273-311843 • The Colombo Stock Exchange (CSE) said yesterday it is set to launch a Central Counterparty (CCP) framework next month, marking a significant advancement in the evolution of Sri Lanka’s capital market infrastructure. This move is aimed at enhancing the safety, efficiency, and transparency of the market, ensuring the smooth settlement of trades. 💵 💹 Source: https://www.ft.lk/front-page/CSE-clear-to-operate-as-Sri-Lanka-s-Central-Counterparty-for-equity-transactions-from-next-month/44-777872 • Vidullanka PLC yesterday announced that its issuance of five million Listed, Rated, Secured, Redeemable Sukuk, each priced at Rs. 100, has been fully subscribed on the day of opening, 17 June. The company said it received applications exceeding the Rs. 500 million target, indicating strong investor demand. 💵💡 Sourcehttps://www.ft.lk/front-page/Vidullanka-s-pioneering-Rs-500-m-Sukuk-issue-snapped-up-on-opening-day-itself/44-777870 *BRS Equity Research*

𝑺𝒎𝒂𝒓𝒕 𝑰𝒏𝒔𝒊𝒈𝒉𝒕𝒔 𝒘𝒊𝒕𝒉 𝑹𝒊𝒉𝒂𝒎 𝑴𝒐𝒊𝒏.

6/13/2025, 1:42:16 AM

*BRS News Flash 13.06.2025* • The Colombo Stock Exchange’s All Share Price Index (ASPI) closed marginally up at 17,661.45 despite some volatility in the session, brokers said, while the S&P SL20 fell to 5,275.01. The ASPI climbed 0.02 percent, or 3.85 points; while the S&P SL20 dropped 0.21 percent, or 11.15 points. Turnover fell to 3.6 billion rupees from 5.6 billion rupees on Thursday while the share volume fell to 171,257,888. 📈🔄📉 Source : https://economynext.com/sri-lanka-aspi-continues-rise-despite-some-volatility-225281/ • Digital Mobility Solutions Lanka PLC (DMSL), the company behind the popular PickMe app, is setting its sights on an AI-driven expansion into untapped, high-impact opportunities across digital mobility and logistics, according to its recently released annual report for the 2024/25 financial year. 🤖📱🚗 Source : https://www.dailymirror.lk/print/business-news/PickMe-eyes-Island-wide-expansion-with-AI-powered-push/273-311427 • The government has decided to immediately stop importing vehicles by opening letters of credit (LC) with banks in other countries instead of the countries where the vehicles are manufactured. 🚫🚗💳 Source : https://www.dailynews.lk/2025/06/13/business/795445/new-guideline-for-opening-lcs-for-vehicle-imports/ • Pelwatte Dairy Industries announced the launch of Sri Lanka’s first pension scheme for dairy farmers, reinforcing its commitment to both national self-sufficiency and the welfare of the farming community. 🐄👨‍🌾💰 Source : https://www.dailymirror.lk/print/business-news/Pelwatte-Dairy-farmers-to-benefit-first-ever-pension-scheme/273-311422 • The Central Bank yesterday extended the deadline for banks to finalise loan rescheduling agreements with small and medium enterprises (SMEs), urging lenders to offer additional relief to businesses still recovering from recent economic disruptions. 🏦📆🧾 Source : https://www.dailymirror.lk/print/business-news/Central-Bank-extends-SME-loan-relief-deadline/273-311430 • HNB Assurance PLC launched HNB Assurance FamilyGuard, a comprehensive insurance product specifically designed for Sri Lankans employed overseas. 🌍🛡️👨‍👩‍👧‍👦 Source : https://www.dailymirror.lk/business-news/HNB-Assurance-launches-FamilyGuard-for-Sri-Lankans-working-overseas/273-311416 • DFCC Bank PLC has officially relaunched its flagship digital corporate banking platform, DFCC iConnect 2.0, reinforcing its commitment to delivering digitally advanced, client-centric solutions. 💻🏦🔁 Source : https://www.dailymirror.lk/business-news/DFCC-Bank-relaunches-iConnect-2-0-digital-corporate-banking-platform/273-311419 • The Chamber of Medical Devices introduced its newly elected leadership team for 2025. 🏥👥🗳️ Source : https://www.dailymirror.lk/business-news/Medical-Devices-Chamber-introduces-new-team/273-311423 • Overseas Realty (Ceylon) PLC officially launched its newest luxury real estate venture, Mireka Seascape. Located in the coastal town of Dodanduwa, just 20 minutes from Galle and 15 minutes from Hikkaduwa, Mireka Seascape offers an exclusive collection of 168 luxurious apartments and villas. 🏖️🏢🌅 Source : https://www.dailymirror.lk/business-news/Overseas-Realty-unveils-Mireka-Seascape/273-311424 • The Association of Local Stationery Manufacturers (ALSM) was officially inaugurated this week, marking a significant milestone for Sri Lanka’s stationery sector. ✒️🏭📘 Source : https://www.themorning.lk/articles/sWGWgmeRdU4Sx9EnmXbu • European travellers are setting their sights on Sri Lanka this summer, with digital travel platform Agoda reporting a 13% year-on-year jump in accommodation searches for the island nation. ✈️🇱🇰🏨 Source : https://www.themorning.lk/articles/t9Z3XbIKZzf9gSA1Q02A • Sri Lanka’s economic recovery is expected to lose momentum in 2025, with growth projected to decelerate to 3.5%, according to the World Bank’s latest Global Economic Prospects report. 📉📊🌍 Source : https://www.themorning.lk/articles/HQUygWH1Vrt36o9Ugptj • Sri Lanka Customs has released close to 50,000 motor vehicles between December 2024 and June 2025, contributing over Rs. 149 billion in tax revenue to the government, the Finance Ministry said. 🚗📦💸 Source : https://www.themorning.lk/articles/BJhch1CBFyHZgqZaSRDQ • Sri Lanka’s Colombo Stock Exchange (CSE) has called for public comments on the proposed amending of its listing rules. 📜📢📈 Source : https://economynext.com/sri-lankas-stock-exchange-seeks-public-opinion-on-listing-rule-change-225234/ *BRS Equity Research*

𝑺𝒎𝒂𝒓𝒕 𝑰𝒏𝒔𝒊𝒈𝒉𝒕𝒔 𝒘𝒊𝒕𝒉 𝑹𝒊𝒉𝒂𝒎 𝑴𝒐𝒊𝒏.

6/17/2025, 3:44:24 AM

*BRS News Flash 17.06.2025* • The Colombo bourse ended in red, as the ASPI fell 66.89 points (-0.38%) to close at 17,360.19 points, while the S&P SL20 shed 36.38 points (-0.70%) to close at 5,155.48 points. HNB, COMB, LOLC, HAYL and CTC negatively contributed to the change in ASPI. 📉 📊 🔻 Source: https://research.bartleetreligare.com/reports/traders-daily-digest-16062025-1217 • Sri Lanka’s efforts to pull itself out of its worst economic crisis since independence yesterday earned high praise from the International Monetary Fund (IMF), with its First Deputy Managing Director Dr. Gita Gopinath lauding the country’s “remarkable progress” and calling it a global case study in resilience, reform, and responsible debt restructuring. 🌍 📈 👏Source: https://www.ft.lk/front-page/IMF-hails-Sri-Lanka-s-economic-rebound-as-global-model/44-777810 • Sri Lanka would lay the groundwork for a self-reliant economy by 2028, President Anura Kumara Dissanayake said yesterday, as the island nation works to break from cycles of economic fragility and external debt dependency. 🇱🇰 🏗️ 📅Source: https://www.dailymirror.lk/business-news/SL-will-lay-groundwork-for-a-self-reliant-economy-by-2028- Prez/273-311712 • Sri Lanka’s economy expanded by 4.8 percent in the first quarter ended in March 2025, extending the recovery, which set off in the third quarter of 2023, the data released from the Census and Statistics Department showed. 🔼 🏭 📊 Source: https://www.dailymirror.lk/business-news/Sri-Lankas-economy-expands-4-8-in-1Q25-on-robust-industrial-activities/273-311710 • The US dollar index flat lines around 98.15 in yesterday’s (16) early European session. The Fed is expected to keep interest rates steady at its June meeting. 💵 📉 🇺🇸 Source: https://www.themorning.lk/articles/Z7dol2r4XRFA5GELM7T9 • Sri Lanka’s average coconut prices dropped 12.8 percent to 124,830.70 rupees for 1,000 nuts at a weekly auction held last week, Coconut Development Authority data showed. 🥥 📉 📦 Source: https://economynext.com/sri-lanka-coconut-prices-slide-12-8-pct-nuts-sold-rise-225689/ • David Pieris Aviation (Pvt) Ltd, a newly established domestic airline and a subsidiary of the David Pieris Group, has officially received its Aircraft Operator Certificate (AOC) and operations specifications (Ops-Specs) from the Civil Aviation Authority of Sri Lanka (CAASL) to operate scheduled domestic passenger flights after obtaining the Airline License. ✈️ 🆕 🇱🇰 Source: https://www.dailynews.lk/2025/06/17/business/797411/new-domestic-airline-gains-aoc-for-colombo-jaffna-passenger-operations/ *BRS Equity Research*

𝑺𝒎𝒂𝒓𝒕 𝑰𝒏𝒔𝒊𝒈𝒉𝒕𝒔 𝒘𝒊𝒕𝒉 𝑹𝒊𝒉𝒂𝒎 𝑴𝒐𝒊𝒏.

6/19/2025, 2:00:41 AM

*BRS News Flash 19.06.2025* • Sri Lanka’s Colombo Stock Exchange slid 1.22 percent as the Israel-Iran war intensified, brokers said. The ASPI fell 210.51 points to close at 17,071.44; while the S&P SL20 dropped 1.11 percent, or 57.43 points, to 5,094.31.📉🌍⚠️ Source : https://economynext.com/israel-iran-tension-continues-to-weigh-down-sri-lanka-stocks-226148/ • Royal Ceramics Lanka PLC (Rocell) is banking on a recovery in the nation’s construction sector but the company’s optimism is tempered by the significant challenges posed by a surge in cheap imports and the absence of anti-dumping legislation.🏗️⚖️🚫 Source : https://www.dailymirror.lk/print/business-news/Rocell-decries-unfair-competition-as-imports-rise/273-311941 • Bank of Ceylon (BOC) has been awarded Islamic Retail Bank of the Year – Asia by The Banker, a Financial Times publication, at its 2025 Islamic Banking Awards. 🏦🏅🌙 Source : https://www.dailymirror.lk/print/business-news/Bank-of-Ceylon-named-as-Islamic-Retail-Bank-of-the-Year-Asia-by-The-Banker/273-311942 • The 9th China-South Asia Expo and the 29th China Kunming Import and Export Fair are set to take place from June 19 to 24, 2025, in Kunming, Yunnan Province. 🌏🤝📦 Source : https://www.dailynews.lk/2025/06/18/business/798658/china-south-asia-expo-to-strengthen-regional-economic-ties-through-trade-innovation-and-multilateral-cooperation/ • The Sri Lanka Ports Authority (SLPA) is set to enhance its operational capacity and environmental credentials with the procurement of 20 new electrically operated prime movers at a cost of Rs.1 billion. 🚛⚡🏗️ Source : https://www.dailymirror.lk/print/business-news/SLPA-aims-to-boost-efficiency-at-Colombo-Port-with-Rs-1bn-investment-in-electric-prime-movers/273-311944 • The Inland Revenue Department (IRD) has disbursed a large portion of its long-standing tax refund backlog this year, following a targeted intervention by the Finance Ministry to address a major grievance within the business community. 💰✅📄 Source : https://www.dailymirror.lk/print/business-main/IRD-clears-significant-VAT-refund-backlog/245-311945 • Oil prices edged up further in early trading yesterday (18) with both benchmarks about 0.5% higher as of 03.30 GMT. 🛢️📈🌅 Source : https://www.themorning.lk/articles/H1NR1LNmkx0k3bGhofEH • Siyapatha Finance PLC, a subsidiary of Sampath Bank PLC and a prominent leader distinguished in Sri Lanka’s non-bank financial sector, announced its decision to raise Rs. 5 billion through its debenture issue. 💵📊🏦 Source : https://www.themorning.lk/articles/F2jHqddva1DmdqwVHJGm • The Ceylon Chamber of Commerce, together with the Chamber’s Sri Lanka-Bangladesh Business Council (SLBBC), at the invitation of the Sri Lanka High Commission in Bangladesh, hosted a high-level business dialogue with a visiting delegation from the Dhaka Chamber of Commerce and Industry (DCCI), Bangladesh, on 17 June at the Hilton Colombo Residences. 🤝🇱🇰🇧🇩 Source : https://www.themorning.lk/articles/I1jIFLw6ONu0UzuVWGmc • Sri Lanka’s Colombo port would be subjected to higher transhipment volumes, leading to congestion delays if Iran decides to block access to the Strait of Hormuz as Middle East tensions escalate. 🚢⛔🕊️ Source : https://www.themorning.lk/articles/jYO7xiD80bwl3w8a6JEK • Sri Lanka’s existing 3.5 million digital transactions has the potential to reach 15 million transactions, just as digital exports can reach $ 5 billion in revenue in 2030, Information Communication Technology Agency of Sri Lanka (ICTA) Board Member Chandima Cooray told media yesterday (18).📱🚀💻 Source : https://www.themorning.lk/articles/QWvXZ1zu90x0luorEv6l • US private equity firm Blackstone is said to have acquired unsold apartments in Sri Lanka’s Altair project, as it bought Kolkata’s South City Mall, which originally promoted the project in the island. 🏢💼🌇 Source : https://economynext.com/blackstone-acquires-unsold-units-in-sri-lankas-altair-as-it-buys-indias-south-city-mall-226203/ • Sri Lanka’s Export Development Board (EDB) is in discussions with the Asian Development Bank (ADB) to develop a National Export Development Plan (NEDP) for 2025–2029, the EDB said. 📦📈🌐 Source : https://economynext.com/sri-lanka-edb-adb-discuss-national-export-development-plan-for-2025-2029-226131/ • Sri Lanka has sold 114.6 billion rupees of Treasury bills, with yields mostly flat across maturities, data from the state debt office showed.💸📉📊 Source : https://economynext.com/sri-lanka-sells-less-than-offered-treasury-bills-yields-mostly-flat-226149/ *BRS Equity Research*