*ACS Capital Research* *News Alert 30.05.2025* *Colombo stock market remains bullish with high turnover* The Colombo stock market gathered further momentum yesterday with high turnover and relatively higher gain in indices in tandem with bullish investor sentiment. Source:https://www.ft.lk/front-page/Colombo-stock-market-remains-bullish-with-high-turnover/44-777065 *Cargills reports strong FY25 performance; 22.5% increase in Profit After Tax* Cargills (Ceylon) PLC, one of Sri Lanka’s leading consumer companies, yesterday reported a strong financial performance for the financial year ending 31 March 2025, supported by volume-led growth across its key business segments—Retail, FMCG, and Restaurants. Source:https://www.ft.lk/front-page/Cargills-reports-strong-FY25-performance-22-5-increase-in-Profit-After-Tax/44-777064 *Ambeon enters mineral sand biz in East with UK-listed firm* With a view to diversifying its investment portfolio, Ambeon Capital PLC has decided to invest in and become a stakeholder of a project for the mining, processing, and sale of mineral sand (which contain industrial minerals including ilmenite, rutile, zircon, and garnet), in the Eastern Province. Source:https://www.ft.lk/front-page/Ambeon-enters-mineral-sand-biz-in-East-with-UK-listed-firm/44-777063 *Janashakthi, fastest growing insurer in Q1 2025* Janashakthi Life, the fastest growing Life insurer in the country recorded 49% year-on-year increase in Gross Written Premiums (GWP) for the Q1 2025, totaling LKR 1,830 million-up from LKR 1,231 million in Q1 2024. The company’s strong top-line growth reflects its strategic focus on customer acquisition, market expansion, and product innovation. Source:https://www.dailynews.lk/2025/05/30/business/787835/janashakthi-fastest-growing-insurer-in-q1-2025/ *Sri Lankans turn to discretionary spending as consumer behaviour shifts after years* Sri Lankan consumers are gradually shifting spending beyond essentials, supported by easing inflation and modest income gains, in a sign of recovering confidence following years of economic turmoil. Source:https://www.dailymirror.lk/business-news/Sri-Lankans-turn-to-discretionary-spending-as-consumer-behaviour-shifts-after-years/273-310187 *US court ruling could extend tariff pause for Sri Lanka* Sri Lanka may be part of a broader deal the US will have with other small trading partners on tariffs, while the 90-day pause by the Trump Administration may be extended with the court ruling, an analyst said. Source:https://www.themorning.lk/articles/Hftv70bZEZsz465QsG5g *Chinese Commerce Minister informs AKD of growing investor interest on Sri Lanka* The visiting China’s Commerce Minister Wang Wentao met with President Anura Kumara Disanayake and expressed growing interest in Sri Lanka by investors considering the current political and economic stability along with the clear policy direction in the country. Source:https://www.ft.lk/front-page/Chinese-Commerce-Minister-informs-AKD-of-growing-investor-interest-on-Sri-Lanka/44-777067