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Message: <blockquote data-quote="wathsala2000" data-source="post: 31267631" data-attributes="member: 350251">*Unit trust investors to benefit from proposed tax disclosure measures: UTASL*The proposed amendments to Sri Lanka’s Inland Revenue Act aim to improve tax transparency for the unit trust investors and strengthen governance within the sector, the Unit Trust Association of Sri Lanka (UTASL) said.*Source : (Daily mirror)* <a href="https://www.dailymirror.lk/business-news/Unit-trust-investors-to-benefit-from-proposed-tax-disclosure-measures-UTASL/273-334286" target="_blank">https://www.dailymirror.lk/business-news/Unit-trust-investors-to-benefit-from-proposed-tax-disclosure-measures-UTASL/273-334286</a>*Sri Lanka’s tax administration and justice – from revenue to repression*Sri Lanka has made laudable progress in tax collections especially in operating a better value added tax system to help pay the salaries of state workers, provide education and health, and generate cashflows to pay interest on past debt.*Source: (economynext)* <a href="https://economynext.com/sri-lankas-tax-administration-and-justice-from-revenue-to-repression-262739/" target="_blank">https://economynext.com/sri-lankas-tax-administration-and-justice-from-revenue-to-repression-262739/</a> *Sri Lanka sells extra Rs14bn Treasury bonds after auction*Sri Lanka has sold 14,000 million rupees of bonds offered on tap at an average rate set at an auction this week, bringing the total of bonds sold in the week to 154 billion, data from the Ministry of Finance – Public Debt Management Office showed.*Source: (economynext)* <a href="https://economynext.com/sri-lanka-sells-extra-rs14bn-treasury-bonds-after-auction-262725/" target="_blank">https://economynext.com/sri-lanka-sells-extra-rs14bn-treasury-bonds-after-auction-262725/</a> *US gasoline crosses $3 per gallon mark in test of Trump's Iran war*Average U.S. retail gasoline prices crossed $3 a gallon for the first time since November on Monday as the conflict in the Middle East worsened, setting up a key test of public approval of President Donald ‌Trump's decision to attack Iran, analysts said.*Source: (Reuters)* <a href="https://www.reuters.com/business/energy/us-gasoline-crosses-3-per-gallon-mark-test-trumps-iran-war-2026-03-02/" target="_blank">https://www.reuters.com/business/energy/us-gasoline-crosses-3-per-gallon-mark-test-trumps-iran-war-2026-03-02/</a> *Stocks slide as Middle East conflict fans inflation fears*Stocks resumed their selloff and the dollar strengthened in early Asian trading on Tuesday as investors considered the implications ‌of U.S. and Israeli strikes on Iran on energy prices and the global economy.*Source: (Reuters)* <a href="https://www.reuters.com/world/china/global-markets-wrapup-1-wrapup-1-pix-2026-03-03/" target="_blank">https://www.reuters.com/world/china/global-markets-wrapup-1-wrapup-1-pix-2026-03-03/</a> *LB Finance withdraws proposed Rs. 10 b listed debenture issue*LB Finance PLC has decided not to proceed with its previously proposed listed debenture issue of up to Rs. 10 billion.*Source: (Daily FT)* <a href="https://www.ft.lk/financial-services/LB-Finance-withdraws-proposed-Rs-10-b-listed-debenture-issue/42-789012" target="_blank">https://www.ft.lk/financial-services/LB-Finance-withdraws-proposed-Rs-10-b-listed-debenture-issue/42-789012</a> *Senthilverl buys near 10% stake in Renuka Agri Foods for Rs. 1 b*High-net-worth investor Dr. T. Senthilverl on Friday acquired a near 10% stake in Renuka Agri Foods PLC for Rs. 1 billion.*Source: (Daily FT)* <a href="https://www.ft.lk/front-page/Senthilverl-buys-near-10-stake-in-Renuka-Agri-Foods-for-Rs-1-b/44-788972" target="_blank">https://www.ft.lk/front-page/Senthilverl-buys-near-10-stake-in-Renuka-Agri-Foods-for-Rs-1-b/44-788972</a> *Union Bank to raise Rs.3bn via Basel III-compliant debenture issue*Union Bank of Colombo PLC announced its proposed debenture issue 2026, a strategic move aimed at raising up to Rs.3 billion. *Source: (Daily Mirror)* <a href="https://www.dailymirror.lk/business-news/Union-Bank-to-raise-Rs-3bn-via-Basel-III-compliant-debenture-issue/273-334282" target="_blank">https://www.dailymirror.lk/business-news/Union-Bank-to-raise-Rs-3bn-via-Basel-III-compliant-debenture-issue/273-334282</a> *Union Bank profits soar while asset quality improves*Union Bank of Colombo PLC reported sharply higher profits for the three months ended in December 2025, the bank’s financials showed, as the banking sector earnings wrapped up.*Source: (Daily Mirror)* <a href="https://www.dailymirror.lk/business-news/Union-Bank-profits-soar-while-asset-quality-improves/273-334283" target="_blank">https://www.dailymirror.lk/business-news/Union-Bank-profits-soar-while-asset-quality-improves/273-334283</a> *DFCC Bank rings bell to mark launch, listing of Sri Lanka’s first Basel III Compliant GSS+ Bond*DFCC Bank PLC (DFCC Bank) was invited by the Colombo Stock Exchange (CSE) to ring the market opening bell to mark the successful launch of Sri Lanka’s first Basel III–compliant Green, Social, Sustainability and Sustainability-Linked Loan (GSS+) Bond - a milestone in the country’s evolving sustainable finance landscape.*Source: (Daily Mirror)* <a href="https://www.dailymirror.lk/business-news/DFCC-Bank-rings-bell-to-mark-launch-listing-of-Sri-Lankas-first-Basel-III-Compliant-GSS-Bond/273-334273" target="_blank">https://www.dailymirror.lk/business-news/DFCC-Bank-rings-bell-to-mark-launch-listing-of-Sri-Lankas-first-Basel-III-Compliant-GSS-Bond/273-334273</a> *Seylan Bank posts LKR 12.1 Bn record PAT in 2025*Seylan Bank reported its financial results for the year ended December 31, 2025, reporting a strong growth in profitability recording a Profit Before Tax (PBT) of LKR 19.6 billion, reflecting a 22.3% increase compared to LKR 16.0 billion reported in the previous financial year.*Source: (Daily News)* <a href="https://dailynews.lk/2026/03/03/business/960269/seylan-bank-posts-lkr-12-1-bn-record-pat-in-2025/" target="_blank">https://dailynews.lk/2026/03/03/business/960269/seylan-bank-posts-lkr-12-1-bn-record-pat-in-2025/</a> *Janashakthi Life posts Rs 3.42 Bn net profit in 2025*Janashakthi Life, announced strong financial performance for the year ended December 2025, with 67% growth in new business, and 31% growth in total Gross written premiums recording Rs 8.65billion, endorsing credentials of a fast-growing insurer in the local insurance industry. *Source: (Daily News)* <a href="https://dailynews.lk/2026/03/03/business/960248/janashakthi-life-posts-rs-3-42-bn-net-profit-in-2025/" target="_blank">https://dailynews.lk/2026/03/03/business/960248/janashakthi-life-posts-rs-3-42-bn-net-profit-in-2025/</a> *SLT Group PAT surges 221% YoY to Rs. 10 Bn in FY 202*The SLT Group reported substantial cost savings for the full year ended December 31, 2025, fuelling significant profit growth and demonstrating consistent execution throughout all key metrics.*Source: (Daily News)* <a href="https://dailynews.lk/2026/03/03/business/960251/slt-group-pat-surges-221-yoy-to-rs-10-bn-in-fy-2025/" target="_blank">https://dailynews.lk/2026/03/03/business/960251/slt-group-pat-surges-221-yoy-to-rs-10-bn-in-fy-2025/</a></blockquote>

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