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Bullishness on the basis of hopes of ballooning FDI

October 22, 2025

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The Island

The CSE yesterday radiated a degree of bullishness due to hopes of satisfactory corporate quarterly earnings plus expectations of Foreign Direct Investments (FDI) ballooning to US $ 1.1 billion in 2025.

- BY HIRAN Η SENEWIRATNE

This amount is traceable to new and existing projects, with realized invest-

ments rising to 138 percent from a year earlier by September. So far during the first eight months of the year the total FDI reached is US$ 827 million, market analysts said.

Amid those developments both indices moved upwards. The All Share Price Index went up by 159.16 points, while the S and P SL20 rose by 29.24 points. Turnover stood at Rs 7.4 billion with 11 crossings.

المزيد من القصص من The Island

The Island

Police say four teams assigned to probe Weligama killing

Police Spokesman, Assistant Superintendent of Police, Attorney-at-Law F.U. Wootler, yesterday (22) said that four police teams had been assigned to investigate the killing of Weligama PS Chairman Lasantha Wickramasekara.

time to read

1 min

October 23, 2025

The Island

The Island

Economic connectivity in South Asia, a must for collective wellbeing

On a priority basis, the grouping needs to work concertedly towards achieving some collective economic gains. The latter could lay the basis for improved political ties among them since mutual distrust and suspicion could to some extent be eliminated on the basis of the collective trust and confidence that comes in the wake of improved economic relations.

time to read

4 mins

October 23, 2025

The Island

Four killed, thousands affected by adverse weather

At least four persons had been killed and more than 10,000 adversely affected as heavy rains, strong winds, and lightning strikes battered several parts of the country over the weekend, the Disaster Management Centre (DMC) said yesterday.

time to read

1 min

October 23, 2025

The Island

The Island

Sabry questions rationale behind Ravi, Shani supervising Easter Sunday carnage probe after filing FR petitions to prevent their own arrest over same terror attacks

President's Counsel Ali Sabry has told the Court of Appeal that two respondents in a petition filed by Col. Kelum S. Maddumage to prevent his arrest in con-nection with the ongoing 2019 Easter Sunday carnage investigation—namely, Public Security Ministry Secretary Ravi Seneviratne (retired SDIG) and retired CID Director Shani Abeysekara had previously filed fundamental rights petitions in the Supreme Court to prevent their own arrests over the same attacks.

time to read

2 mins

October 23, 2025

The Island

House erupts over SJB Weligama PS Chairman's killing

A tense atmosphere prevailed in Parliament yesterday following the announcement of the killing of Weligama Pradeshiya Sabha Chairman (SJB), Lasantha Wickramasekara, who succumbed to gunshot injuries sustained during a public council event.

time to read

1 min

October 23, 2025

The Island

The Island

Navy-built RO plants quench thirst of more communities

Three new Reverse Osmosis (RO) plants, set up by the Sri Lanka Navy, were officially opened on 14, 17 and 18 Oct 25 at Morawewa Vidyalaya in Trincomalee, Diwulwewa Vidyalaya, Nachchaduwa in Anuradhapura and in the village of Pesalei in Mannar.

time to read

1 min

October 23, 2025

The Island

The Island

Campaign finance conspiracy: Sarkozy starts five-year prison sentence

Former French President Nicolas Sarkozy entered a prison in Paris on Tuesday (21) on the first day of a five-year sentence, marking the first time a former leader of modern France has spent time behind bars, CNN reported.

time to read

1 min

October 23, 2025

The Island

Rs 10.5 billion in unpaid excise duty yet to be raked in

Rs. 10.5 billion, in unpaid excise duty, is yet to be recovered by the Department of Excise, Deputy Minister of Economic Development Nishantha Jayaweera informed Parliament yesterday.

time to read

1 min

October 23, 2025

The Island

The Island

Sajith takes up issue of sexual abuse at boys' school in Colombo

Explosive allegations of sexual abuse at a leading boys’ school, in Colombo, were brought to light in Parliament on Wednesday (22), with Opposition Leader Sajith Premadasa calling for an urgent and comprehensive investigation into the matter.

time to read

1 min

October 23, 2025

The Island

The Island

President seeks swift completion of university degrees: FUTA, now It's your call

In some instances, the UGC has failed to uphold its responsibility for maintaining academic quality due to bias and inertia. Meanwhile, state universities have remained largely unaccountable for keeping curricula aligned with national needs and international standards. Bureaucratic processesdesigned decades ago to preserve hierarchy and control continue to stifle innovation.

time to read

3 mins

October 23, 2025

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