*BRS News Flash 09.06.2025* • The Colombo Stock Exchange’s All Share Price Index (ASPI) slid 0.23 percent after rising in three consecutive sessions, as profit taking set in. The index moved 40.49 points lower to close at 17,394.45 on Friday. The S&P SL20 closed down 0.21 percent, or 10.83 points, at 5,175.95.📉💰📊 Source : https://economynext.com/sri-lanka-stocks-fall-0-23-pct-as-profit-taking-sets-in-224498/ • The current low interest rate regime, increased market liquidity, and strong corporate financials have collectively driven the benchmark All Share Price Index (ASPI) to historic highs during the past week, according to market sources. 📈🏦💡 Source : https://www.themorning.lk/articles/zJokSk4ea418hECXx31u • There are presently 5-6 Initial Public Offerings (IPOs) being processed by the Colombo Stock Exchange (CSE) against the backdrop of the attractive valuations on offer at the Colombo bourse amid the current bull run. 📝📈🚀 Source : https://www.themorning.lk/articles/EoFY4OJSNhhOCYTHD1cU • All preparatory work for the commercial rollout of 5G in Sri Lanka has been finalised and the much-heralded 5G spectrum auction will be held within this year, the Ministry of Digital Economy reveals. 📡📶🚀 Source : https://www.themorning.lk/articles/QNmvhrDjsFwKVmYJ6eEw • Sri Lanka expects to complete at least 50% of the construction work at the East Container Terminal (ECT) in Colombo Port by 2025, with the original completion date set for 2026, Transport, Highways, Ports, and Civil Aviation Minister Bimal Rathnayake said. 🏗️⚓📆 Source : https://www.themorning.lk/articles/XIcT2nulIN2M1aNxOLzm • Sri Lanka banks are financing Indian business through syndicated loans, using their excess US dollar balances, Prins Perera, Head of Treasury and Investment Banking at DFCC Bank said. 💵🌐🤝 Source : https://economynext.com/sri-lanka-banks-financing-indian-firms-with-excess-dollar-balances-224662/ • Sri Lanka’s Colombo Dockyard Plc, said it was in talk with a potential strategic investor after its main shareholder Onomichi Dockyard of Japan, decided to exit the firm. 🛠️🇯🇵🤝 Source : https://economynext.com/sri-lankas-colombo-dockyard-in-hopeful-talks-with-strategic-investor-224660/ • Sri Lanka’s year-on-year (y-o-y) remittances for the first five months of the year exceeded $ 3 billion in the first five months, up by 18.2% from the same period last year ($ 2.62 billion), data from the Central Bank of Sri Lanka (CBSL) shows. 💸📈🌍 Source : https://www.themorning.lk/articles/XPdY4UJxVIP5i8UX06v3 • Sri Lanka Tourism Promotion Bureau (SLTPB) is to launch its long awaited destination tourism global campaign spotlighting Sri Lanka, titled “Nation Branding Campaign” on 26 June, in Colombo. 🌴🎥🌍 Source : https://www.themorning.lk/articles/5nQmRnOI2snmjRjJu2JR • Sri Lanka is to be promoted as a year-round travel destination, through B2C digital marketing campaigns, skills and training investments and foreign direct investments (FDIs), a statement by the President’s Media Division (PMD) said. 📲🌞🌐 Source : https://www.themorning.lk/articles/7yF7x1U3TfyPvrHEqXqk • HayWind One Ltd., said last week it signed a Power Purchase Agreement (PPA) with the Ceylon Electricity Board on 28 May for a 50 MW wind power project located in Mannar under the Build, Own and Operate model. 🌬️⚡💼 Source : https://www.ft.lk/front-page/Hayleys-signs-PPA-for-50-MW-wind-power-project-with-50-m-investment/44-777496 • Sri Lanka’s tourism earnings in May was $ 164.1 million, reflecting a 7% increase year-on-year (YoY), but also marking the lowest monthly income in 2025 so far, the latest data released by the Central Bank showed.🧳📉📆 Source : https://www.ft.lk/front-page/Tourism-revenue-sees-moderate-growth-in-May/44-777499 • The Government has drawn up a comprehensive plan to boost national tea production to 400 mn kg by 2028 and expects tea smallholders to contribute significantly towards this goal, Deputy Minister of Plantation Industries and Estate Infrastructure, Sundaralingam Pradeep. 🍃🍵📈 Source : https://www.sundayobserver.lk/2025/06/08/business/53753/plans-afoot-to-boost-tea-production-deputy-minister/ • The Synergy Pharmaceuticals Corporation (Pvt) Ltd factory, currently under construction within the Bingiriya Export Processing Zone, has reached the final stages of development. The factory, which is already undergoing initial production activities, is set to become the largest western pharmaceutical manufacturing plant in Sri Lanka. 💊🏭🧪 Source : https://www.dailymirror.lk/breaking-news/Sri-Lankas-largest-medicine-factory-enters-final-phase-of-construction/108-311007 *BRS Equity Research*