*ACS Capital Research* *News Alert 09.06.2025* *Workers’ remittances record highest-ever May inflow* Sri Lanka’s workers’ remittances is on a roll, with May inflow surging to $ 641.7 million, marking the third consecutive month of record inflows for 2025. Source:https://www.ft.lk/front-page/Workers-remittances-record-highest-ever-May-inflow/44-777497 *Tourism earnings climb to US$ 1.54bn in first five months* Sri Lanka’s tourism sector earned US$ 1.54 billion in the first five months of 2025, up 9.8 percent from the US$1.40 billion recorded a year ago, according to provisional data released by the Central Bank of Sri Lanka. Source:https://www.dailymirror.lk/business-news/Tourism-earnings-climb-to-US-1-54bn-in-first-five-months/273-311034 *SLTPB to launch global tourism campaign* 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 repays foreign debt in budget to April 2025, current spending picks up* Foreign financing of Sri Lanka’s budget was negative up to April 2025 by 27.9 billion rupees, up from 7.4 billion last year, official data shows indicating that foreign debt was being repaid on a net basis again. Source:https://economynext.com/sri-lanka-repays-foreign-debt-in-budget-to-april-2025-current-spending-picks-up-224638/ *SL aims for 50% ECT completion by end 2025* 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 *India and Sri Lanka eye dual listing to build ‘financial bridge’ between capital markets* In a significant move to deepen economic ties, India and Sri Lanka are actively exploring a dual listing framework between India’s NSE International Exchange (NSE IX) and the Colombo Stock Exchange (CSE). Source:https://www.dailymirror.lk/business-main/India-and-Sri-Lanka-eye-dual-listing-to-build-financial-bridge-between-capital-markets/245-311038 *Sri Lanka banks financing Indian firms with excess dollar balances* 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/ *Vallibel One reports strong FY25 with Rs. 122.8 b turnover, Rs. 16 b PAT* Vallibel One PLC, Sri Lanka’s leading diversified holding company, has announced its consolidated financial results for the financial year ended 31 March 2025, reporting robust performance across all key sectors. Source:https://www.ft.lk/top-story/Vallibel-One-reports-strong-FY25-with-Rs-122-8-b-turnover-Rs-16-b-PAT/26-777501 *Hayleys signs PPA for 50 MW wind power project with $ 50 m investment* 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 Colombo Dockyard in ‘hopeful’ talks with strategic investor* 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/ *Sarvodaya Development Finance to issue first-ever Sustainable Bonds to raise Rs. 2 b* Sarvodaya Development Finance PLC is to issue Sri Lanka’s first-ever Sustainable Bonds to raise Rs. 2 billion. Its Board of Directors last week decided to issue up to 20 million Tier 2, rated, unsecured, subordinated, redeemable high-yield Sustainable Bonds at Rs. 100 each. Source:https://www.ft.lk/front-page/Sarvodaya-Development-Finance-to-issue-first-ever-Sustainable-Bonds-to-raise-Rs-2-b/44-777498