*BRS News Flash 17.06.2025* • The Colombo bourse ended in red, as the ASPI fell 66.89 points (-0.38%) to close at 17,360.19 points, while the S&P SL20 shed 36.38 points (-0.70%) to close at 5,155.48 points. HNB, COMB, LOLC, HAYL and CTC negatively contributed to the change in ASPI. 📉 📊 🔻 Source: https://research.bartleetreligare.com/reports/traders-daily-digest-16062025-1217 • Sri Lanka’s efforts to pull itself out of its worst economic crisis since independence yesterday earned high praise from the International Monetary Fund (IMF), with its First Deputy Managing Director Dr. Gita Gopinath lauding the country’s “remarkable progress” and calling it a global case study in resilience, reform, and responsible debt restructuring. 🌍 📈 👏Source: https://www.ft.lk/front-page/IMF-hails-Sri-Lanka-s-economic-rebound-as-global-model/44-777810 • Sri Lanka would lay the groundwork for a self-reliant economy by 2028, President Anura Kumara Dissanayake said yesterday, as the island nation works to break from cycles of economic fragility and external debt dependency. 🇱🇰 🏗️ 📅Source: https://www.dailymirror.lk/business-news/SL-will-lay-groundwork-for-a-self-reliant-economy-by-2028- Prez/273-311712 • Sri Lanka’s economy expanded by 4.8 percent in the first quarter ended in March 2025, extending the recovery, which set off in the third quarter of 2023, the data released from the Census and Statistics Department showed. 🔼 🏭 📊 Source: https://www.dailymirror.lk/business-news/Sri-Lankas-economy-expands-4-8-in-1Q25-on-robust-industrial-activities/273-311710 • The US dollar index flat lines around 98.15 in yesterday’s (16) early European session. The Fed is expected to keep interest rates steady at its June meeting. 💵 📉 🇺🇸 Source: https://www.themorning.lk/articles/Z7dol2r4XRFA5GELM7T9 • Sri Lanka’s average coconut prices dropped 12.8 percent to 124,830.70 rupees for 1,000 nuts at a weekly auction held last week, Coconut Development Authority data showed. 🥥 📉 📦 Source: https://economynext.com/sri-lanka-coconut-prices-slide-12-8-pct-nuts-sold-rise-225689/ • David Pieris Aviation (Pvt) Ltd, a newly established domestic airline and a subsidiary of the David Pieris Group, has officially received its Aircraft Operator Certificate (AOC) and operations specifications (Ops-Specs) from the Civil Aviation Authority of Sri Lanka (CAASL) to operate scheduled domestic passenger flights after obtaining the Airline License. ✈️ 🆕 🇱🇰 Source: https://www.dailynews.lk/2025/06/17/business/797411/new-domestic-airline-gains-aoc-for-colombo-jaffna-passenger-operations/ *BRS Equity Research*