*JKSB Opening Bell – News Snippets* 🔔 *09.06.2025* *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.” https://economynext.com/sri-lanka-banks-financing-indian-firms-with-excess-dollar-balances-224662/ *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.” 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.” https://www.themorning.lk/articles/XIcT2nulIN2M1aNxOLzm *$ 530 m in vehicle import LCs opened* “Financial institutions have opened Letters of Credit (LCs) worth $ 530 million so far this year for the importation of over 70,000 vehicles, according to the Ministry of Trade, Commerce, and Food Security.” https://www.themorning.lk/articles/2Zh5KicUhzl4WhyAdlZg *Wholesale price of cement to be increased* “The wholesale price per 50-kilogram bag of cement will be increased by Rs. 100 each, according to cement company sources.” https://www.adaderana.lk/news.php?nid=109271 *Vallibel One reports strong FY24/25 with Rs.16.02Bn PAT* “Vallibel One PLC announced its consolidated financial results for the financial year ended March 31, 2025, reporting robust performance across all key metrics.” https://bizenglish.adaderana.lk/vallibel-one-reports-strong-fy24-25-with-rs-122-8bn-turnover-and-rs-16-02bn-pat/ *Sri Lanka’s tourism revenue edges up 6.6-pct in May 2025* “Sri Lanka’s foreign exchange revenue from tourism rose to $164.1 million in May, rising 6.6 percent compared to the same month last year, the central bank said, quoting tourism promotion authorities.” https://economynext.com/sri-lankas-tourism-revenue-edges-up-6-6-pct-in-may-2025-224622/ *Sri Lanka tax revenues up 20-pct to April, current spending picks up pace* “Sri Lanka’s tax revenues grew 20.7 percent to 1,349 billion rupees in the four months to April 2025, while current spending grew 13 percent to 1,603.3 billion rupees, preliminary Finance Ministry data shows.” https://economynext.com/sri-lanka-tax-revenues-up-20-pct-to-april-current-spending-picks-up-pace-224425/ *Sri Lanka’s remittance inflow exceeds $3 billion in first 5 months* “Sri Lanka has received USD 641.7 million in workers’ remittances in May 2025, according to the latest figures released by the Central Bank of Sri Lanka (CBSL).” https://www.adaderana.lk/news.php?nid=109238 *Sri Lanka sells extra Rs16.75bn Treasury bills after auction* “Sri Lanka has sold 16.75 billion rupees of treasury bills offered on tap at average rates of 7.73 percent and 7.94 percent, the state debt office said.” https://economynext.com/sri-lanka-sells-extra-rs16-75bn-treasury-bills-after-auction-224445/ *Sri Lanka average coconut prices fall 11.6-pct, nuts offered increase* “Sri Lanka average coconut prices steeply declined to 143,239.46 at the weekly auction on Thursday, Coconut Development Authority data showed.” https://economynext.com/sri-lanka-average-coconut-prices-fall-11-6-pct-nuts-offered-increase-224481/