AGP Executive Report
Last update: 3 hours agoFuel & FX Pressure: The rupee slid further to about Rs. 340 per US dollar as diesel demand and global oil costs keep squeezing reserves; the government is weighing options to cut daily diesel use by 500 tonnes, but no specific plan is locked in yet. Policy & Market Sentiment: Harsha de Silva warned more trouble is coming as dollar demand rises with vehicle letters of credit, urging earlier rate action and caution on subsidy cuts and export cess removal. Public Finance Accountability: The “Rebuilding Sri Lanka” fund is reportedly still idle, with officials saying donations sit in a Treasury special account and the statutory fund setup is not completed. Rates & Funding: Treasury bill yields climbed again at an undersubscribed auction, with the 91-day rate up to 9.84% and secondary bond trading staying bearish. Cyber & Consumer Risk: SLCERT flagged 360 online financial fraud cases so far in 2026, including child-related incidents and WhatsApp account hacks. Banking & Payments: Bank of Ceylon installed QR-based digital tills at Kiri Vehera and Kataragama Devalaya; DFCC ONE rolled out new digital features. Business Updates: Janashakthi Finance reported strong Q4 and FY25/26 growth; JAT Holdings posted its highest-ever annual revenue in FY25/26. Trade Headwinds: The US included Sri Lanka among 60 countries in a forced-labour import tax probe, raising fresh concerns for garment exporters. Investment & Cooperation: HNB Investment Bank renewed its CFA Society Sri Lanka sponsorship; Japan-Sri Lanka business environment talks advanced to support FDI goals. Climate Readiness: Sri Lanka Climate Summit 2026 will focus on business readiness for investment and resilience.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.