*ACS Capital Research* *News Alert 20.05.2025* *Sri Lanka stocks close up, investor confidence continues to fuel market recovery* The Colombo Stock Exchange closed slightly higher on Monday amidst growing investor confidence, brokers said. Source:https://economynext.com/sri-lanka-stocks-close-up-investor-confidence-continues-to-fuel-market-recovery-221501/ *Hayleys delivers 40% growth in PBT to Rs. 35 b in FY25* The Hayleys Group said yesterday it delivered a year of exceptional growth and profitability, recording a 40% year-on-year (YoY) increase in Profit Before Tax (PBT) to Rs. 35.37 billion during the financial year ending 31 March 2025. Source:https://www.ft.lk/front-page/Hayleys-delivers-40-growth-in-PBT-to-Rs-35-b-in-FY25/44-776675 *Singer March sales soar reflecting robust demand for consumer durables* Singer (Sri Lanka) PLC reported some solid top and bottom-line performances for the three months ended March 2025, on the back of strong demand for its durable products as well as at its financial services business, amid the declining interest rates. Source:https://www.dailymirror.lk/business-news/Singer-March-sales-soar-reflecting-robust-demand-for-consumer-durables/273-309280 *Deflation temporary, growth momentum continues into 2025: CBSL officials* Central Bank of Sri Lanka (CBSL) Assistant Governor Dr. C. Amarasekara recently said that the recent spell of deflation in Sri Lanka is expected to be short-lived, lasting no more than two to three months. Source:https://www.ft.lk/front-page/Deflation-temporary-growth-momentum-continues-into-2025-CBSL-officials/44-776673 *New Debt Management Unit to be fully functional by end of 2025* Central Bank Economic Research Department Director Dr. S. Jegajeevan said the Debt Management Unit (DMU) established under the provisions of the new Public Financial Management Act is expected to be fully functional by the end of 2025. Source:https://www.ft.lk/front-page/New-Debt-Management-Unit-to-be-fully-functional-by-end-of-2025/44-776672 *Sri Lanka aims to increase tea export income by 78%* Sri Lanka’s Ministry of Plantations announced that it is aiming to increase tea export incomes by 78% from earnings recorded last year and an increase in production by 52.5% by 2030, through the standardisation of Ceylon teas globally, a statement released by the Department of Government Information said. Source:https://www.themorning.lk/articles/OJ5zNGBJacsWuIuT9r85