*JKSB Opening Bell – News Snippets* 🔔 *12.06.2025* *Sri Lanka bank net foreign assets rise to US$1.7bn in March, OBUs US$2.2bn* “Net foreign assets of Sri Lanka’s commercial banks rose to 1.74 billion US dollars in March 2025, up from 1.61 billion US dollars in February, official data showed as banks continued to build up overseas foreign currency positions.” https://economynext.com/sri-lanka-bank-net-foreign-assets-rise-to-us1-7bn-in-march-obus-us2-2bn-224907/ *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.” https://www.themorning.lk/articles/6NSMvlkiPGhPATjbqXOh *Sri Lanka rupee closes stronger, bond yields steady* “Sri Lanka’s rupee closed at 299.00/10 to the US dollar in the spot market Monday, stronger against Friday’s close of 299.10/20, dealers said, while bond yields closed broadly steady.” https://economynext.com/sri-lanka-rupee-closes-stronger-bond-yields-flat-224819/ *Tea auction prices incompatible with rising labour costs* “Sri Lanka’s tea auction prices have become increasingly misaligned with rising labour costs, as prices at auctions have at times declined due to market volatility, even as wages have continued to rise, said Kelani Valley Plantations PLC and Talawakelle Tea Estates PLC Managing Director Roshan Rajadurai, at a conference organised by Regenagri in Colombo yesterday (11).” https://www.themorning.lk/articles/alEwHCEzxz8pmtAZmTTT *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.” https://www.themorning.lk/articles/YzrcM1KQOP5FSJ7soNQD