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June 13, 2025 at 01:42 AM
*BRS News Flash 13.06.2025*
β’Β The Colombo Stock Exchangeβs All Share Price Index (ASPI) closed marginally up at 17,661.45 despite some volatility in the session, brokers said, while the S&P SL20 fell to 5,275.01. The ASPI climbed 0.02 percent, or 3.85 points; while the S&P SL20 dropped 0.21 percent, or 11.15 points. Turnover fell to 3.6 billion rupees from 5.6 billion rupees on Thursday while the share volume fell to 171,257,888. πππ
Source : https://economynext.com/sri-lanka-aspi-continues-rise-despite-some-volatility-225281/
β’ Digital Mobility Solutions Lanka PLC (DMSL), the company behind the popular PickMe app, is setting its sights on an AI-driven expansion into untapped, high-impact opportunities across digital mobility and logistics, according to its recently released annual report for the 2024/25 financial year. π€π±π
Source : https://www.dailymirror.lk/print/business-news/PickMe-eyes-Island-wide-expansion-with-AI-powered-push/273-311427
β’ The government has decided to immediately stop importing vehicles by opening letters of credit (LC) with banks in other countries instead of the countries where the vehicles are manufactured. π«ππ³
Source : https://www.dailynews.lk/2025/06/13/business/795445/new-guideline-for-opening-lcs-for-vehicle-imports/
β’ Pelwatte Dairy Industries announced the launch of Sri Lankaβs first pension scheme for dairy farmers, reinforcing its commitment to both national self-sufficiency and the welfare of the farming community. ππ¨βπΎπ°
Source : https://www.dailymirror.lk/print/business-news/Pelwatte-Dairy-farmers-to-benefit-first-ever-pension-scheme/273-311422
β’ The Central Bank yesterday extended the deadline for banks to finalise loan rescheduling agreements with small and medium enterprises (SMEs), urging lenders to offer additional relief to businesses still recovering from recent economic disruptions. π¦ππ§Ύ
Source : https://www.dailymirror.lk/print/business-news/Central-Bank-extends-SME-loan-relief-deadline/273-311430
β’ HNB Assurance PLC launched HNB Assurance FamilyGuard, a comprehensive insurance product specifically designed for Sri Lankans employed overseas. ππ‘οΈπ¨βπ©βπ§βπ¦
Source : https://www.dailymirror.lk/business-news/HNB-Assurance-launches-FamilyGuard-for-Sri-Lankans-working-overseas/273-311416
β’ DFCC Bank PLC has officially relaunched its flagship digital corporate banking platform, DFCC iConnect 2.0, reinforcing its commitment to delivering digitally advanced, client-centric solutions. π»π¦π
Source : https://www.dailymirror.lk/business-news/DFCC-Bank-relaunches-iConnect-2-0-digital-corporate-banking-platform/273-311419
β’ The Chamber of Medical Devices introduced its newly elected leadership team for 2025. π₯π₯π³οΈ
Source : https://www.dailymirror.lk/business-news/Medical-Devices-Chamber-introduces-new-team/273-311423
β’ Overseas Realty (Ceylon) PLC officially launched its newest luxury real estate venture, Mireka Seascape. Located in the coastal town of Dodanduwa, just 20 minutes from Galle and 15 minutes from Hikkaduwa, Mireka Seascape offers an exclusive collection of 168 luxurious apartments and villas. ποΈπ’π
Source : https://www.dailymirror.lk/business-news/Overseas-Realty-unveils-Mireka-Seascape/273-311424
β’ The Association of Local Stationery Manufacturers (ALSM) was officially inaugurated this week, marking a significant milestone for Sri Lankaβs stationery sector. βοΈππ
Source : https://www.themorning.lk/articles/sWGWgmeRdU4Sx9EnmXbu
β’ European travellers are setting their sights on Sri Lanka this summer, with digital travel platform Agoda reporting a 13% year-on-year jump in accommodation searches for the island nation. βοΈπ±π°π¨
Source : https://www.themorning.lk/articles/t9Z3XbIKZzf9gSA1Q02A
β’ Sri Lankaβs economic recovery is expected to lose momentum in 2025, with growth projected to decelerate to 3.5%, according to the World Bankβs latest Global Economic Prospects report. πππ
Source : https://www.themorning.lk/articles/HQUygWH1Vrt36o9Ugptj
β’ Sri Lanka Customs has released close to 50,000 motor vehicles between December 2024 and June 2025, contributing over Rs. 149 billion in tax revenue to the government, the Finance Ministry said. ππ¦πΈ
Source : https://www.themorning.lk/articles/BJhch1CBFyHZgqZaSRDQ
β’ Sri Lankaβs Colombo Stock Exchange (CSE) has called for public comments on the proposed amending of its listing rules. ππ’π
Source : https://economynext.com/sri-lankas-stock-exchange-seeks-public-opinion-on-listing-rule-change-225234/
*BRS Equity Research*

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