*JKSB Opening Bell – News Snippets* 🔔 *23.05.2025* *Fitch study shows no defaults for Sri Lanka’s corporate issuers in 2024* “No financial and non-financial corporate issuers in Sri Lanka defaulted in 2024, a Fitch Ratings analysis of issuers it rated has found.” https://economynext.com/fitch-study-shows-no-defaults-for-sri-lankas-corporate-issuers-in-2024-222038/ *SL expects third consecutive current account surplus* “Sri Lanka is expected to record a surplus in its current account for the third consecutive year in 2025, with a 0.9% of GDP increase projected in the surplus, Central Bank Governor Dr. Nandalal Weerasinghe said.” https://www.themorning.lk/articles/aADeKFvP9eo5bHagzo8e *Sri Lanka sells extra Rs15.75bn Treasury bills after auction* “Sri Lanka has sold 15.75 billion rupees of treasury bills offered on tap at average rates of 7.97 percent and 8.29 percent, the state debt office said.” https://economynext.com/sri-lanka-sells-extra-rs15-75bn-treasury-bills-after-auction-222032/ *Sri Lanka rupee closes up, bond yields down* “Sri Lanka’s rupee closed at 299.35/45 to the US dollar in the spot market Thursday, stronger against Wednesday’s close of 299.60/65, dealers said, while bond yields were down following the central bank’s rate cut.” https://economynext.com/sri-lanka-rupee-closes-up-bond-yields-down-222097/ *Tea exports rise in April* “Sri Lanka’s tea export performance saw a notable uptick in April 2025, with total exports reaching 18.20 million kilograms, marking an increase of 1.82 million kilograms compared to 16.38 million kilograms recorded in April 2024.” https://www.ft.lk/front-page/Tea-exports-rise-in-April/44-776811 *Hemas delivers strong earnings in FY25* “Hemas Holdings PLC yesterday announced strong earnings for the financial year ended 31 March 2025 and singled out the continuity of the ‘AAA’ credit rating despite revenue pressures.” https://www.ft.lk/front-page/Hemas-delivers-strong-earnings-in-FY25/44-776812 *Sri Lanka state banks BoC, NSB record large profits: PMD* “Sri Lanka’s Bank of Ceylon and National Savings Bank have reported ‘record-breaking’ profits for 2024, the president’s media division said.” https://economynext.com/sri-lanka-state-banks-boc-nsb-record-large-profits-pmd-222073/ *AMF doubles profits, powers past Rs. 1.78 b in record-breaking year* “Associated Motor Finance Company PLC (AMF) has achieved a landmark financial milestone, delivering its strongest-ever performance for the financial year ended 31 March 2025.” https://www.ft.lk/front-page/AMF-doubles-profits-powers-past-Rs-1-78-b-in-record-breaking-year/44-776814