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May 28, 2025 at 04:57 AM
*BRS News Flash 28.05.2025:*
β’ The Colombo Bourse ended in green as ASPI gained 161.39 points (+0.98%) to close at 16,657.63 while the S&P SL20 index moved up 70.13 points (+1.45%) to close at 4,909.07. HNB, MELS, CTHR, CARG and COMB were the leading contributors to the ASPI. πβ¬οΈ
*Source:* https://research.bartleetreligare.com/reports/traders-daily-digest-27052025-1181
β’ Expanding his business empire, low profile tycoon Nandana Lokuwithana yesterday forayed into commercial banking, investing over Rs. 14 billion to buy a strategic voting 10% stake in Hatton National Bank (HNB). π°π«°
*Source:* https://www.ft.lk/front-page/Nandana-nestles-on-top-of-HNB-with-Rs-14-b-buy-of-Ishara-s-9-9-stake/44-776952
β’ Sri Lanka and China will this week sign a deal to boost Small and Medium-sized Enterprises (SMEs) via greater bilateral cooperation. π€πΌ
*Source:* https://www.ft.lk/front-page/SL-China-to-sign-deal-to-boost-SMEs/44-776951
β’ In a bid to boost tourism and entertain existing visitors, the Cabinet of Ministers at its meeting on Monday approved to implement a new initiative, βMarine Nights: Awakening Colombo.β π§³π
*Source:* https://www.ft.lk/front-page/Boost-for-tourism-with-Marine-Nights-Awakening-Colombo/44-776950
β’ Sri Lankaβs fruit exports to East Asian markets such as China, Japan and Korea are hampered by compliance setbacks such as a lack of maintaining phytosanitary standards, Australiaβs Market Development Facility (MDF) Deputy Country Director Malik Sheriffdeen told The Daily Morning Business. π₯βοΈ
*Source:* https://www.themorning.lk/articles/NYEEUQIfybKeddHbAOd2
β’ Recent price reductions announced by Chinese electric vehicle (EV) giant BYD have sparked speculation over whether these discounts would extend to international markets, including Sri Lanka. ππ«
*Source:* https://www.themorning.lk/articles/KUq0PtQ28MQtvNUvS0l2
*BRS Equity Research*
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