*ACS Capital Research* *News Alert 12.06.2025* *ASPI’s YTD return tops 10% mark as CSE sustains upward march* The Colombo stock market yesterday sustained its upward march with healthy turnover powered by optimistic investors. The benchmark ASPI gained by 0.9% and the active S&P SL20 by 1.5%. Source:https://www.ft.lk/front-page/ASPI-s-YTD-return-tops-10-mark-as-CSE-sustains-upward-march/44-777631 *Sri Lanka set to outperform fiscal target for third year* Sri Lanka is expected to outperform its fiscal target for the third consecutive year in 2025, as more vehicle import duties enter the coffers, the Economic Intelligence Unit (EIU) said. Source:https://www.themorning.lk/articles/6NSMvlkiPGhPATjbqXOh *Indian visitors lead SL’s tourist arrivals* The latest figures released by the Sri Lanka Tourism Development Authority (SLTDA) indicate that the country continues to attract a large number of tourists from India. Source:https://www.themorning.lk/articles/YzrcM1KQOP5FSJ7soNQD *LOFC announces mega Rs. 21 b share buy-back offer* The LOLC Finance PLC (LOFC) Board of Directors in order to optimise its shareholder value while maintaining the company’s financial stability, has resolved to repurchase 3,519,065,138 shares at Rs. 6 each in a deal worth Rs. 21.1 billion. Source:https://www.ft.lk/front-page/LOFC-announces-mega-Rs-21-b-share-buy-back-offer/44-777634 *Hela Apparel divests two subsidiaries for Rs. 2.7 b as part of ongoing restructuring* Hela Apparel Holdings PLC (HAH) has announced further progress in its ongoing strategic restructuring of its global operations. Source:https://www.ft.lk/front-page/Hela-Apparel-divests-two-subsidiaries-for-Rs-2-7-b-as-part-of-ongoing-restructuring/44-777632 *Colombo Dockyard nears deal with new investor to steer turnaround* Colombo Dockyard PLC (CDPLC) is in the final stages of formalising an agreement with a new strategic investor, a pivotal move that is considered to be essential to navigate out of a “vulnerable” financial position and secure a “bright future”. Source:https://www.dailymirror.lk/business-news/Colombo-Dockyard-nears-deal-with-new-investor-to-steer-turnaround/273-311315 *President meets German counterpart in Berlin* President Anura Kumara Disanayake, who is currently on an official visit to the Federal Republic of Germany, was warmly received yesterday by German President Frank-Walter Steinmeier. Source:https://www.ft.lk/front-page/President-meets-German-counterpart-in-Berlin/44-777633 *Cabinet approves resumption of land acquisition for Central Expressway Phase IV* The Cabinet of Ministers on Monday approved the resumption of land acquisition activities for Phase IV of the Central Expressway construction covering the Kurunegala to Dambulla section. Source:https://www.ft.lk/front-page/Cabinet-approves-resumption-of-land-acquisition-for-Central-Expressway-Phase-IV/44-777629 *Light up 15% costlier electricity from today* Electricity regulator, the Public Utilities Commission of Sri Lanka (PUCSL), yesterday announced an average 15% increase in the electricity tariff for all categories for the second half of 2025, effective from today (12). Source:https://www.ft.lk/top-story/Light-up-15-costlier-electricity-from-today/26-777636