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AGP Executive Report

Last update: 3 hours ago

Fuel & 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.

AGP Wire

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2 hours ago

India lifts cotton import duty through October 2026

EIN Presswire

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Jun. 2, 2026

Time4sharing marks 26 years with global literacy push for children

EIN Presswire

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May 30, 2026

Leo Phillips releases Opus 2 for advanced violinists

EIN Presswire

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May 18, 2026

Kandy Myst by Cinnamon hosts rugby meet and greet with Kieran Read

EIN Presswire


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Sri Lanka receives further IMF loan installments and demands for escalating austerity

Sri Lanka receives further IMF loan installments and demands for escalating austerity

HNB Investment Bank renews collaboration with CFA Society Sri Lanka as Silver Partner for 10th consecutive year

HNB Investment Bank renews collaboration with CFA Society Sri Lanka as Silver Partner for 10th consecutive year

Young Sri Lankan makes his mark as Deane win at Twyford

Young Sri Lankan makes his mark as Deane win at Twyford


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Jun. 3, 2026

USTR Makes Findings and Proposes Action in 60 Section 301 Investigations Relating to Failures to Take Action on Trade in Forced Labor Goods

Office of the United States Trade Representative

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2 hours ago

The Big News: India Slashes Cotton Import Duty

EIN Presswire

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May 19, 2026

The Packaging Material Suppliers in Sri Lanka

EIN Presswire

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May 22, 2026

Philip R. Lane: Europe and the world economy

ECB - European Central Bank

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May 4, 2026

Sri Lanka, Maldives Ink Seven Pacts During Presidential Visit to Colombo

MENAFN

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May 22, 2026

Viper Networks Continues Strong Organic Growth in Release of First Quarter Financial Statements

GlobeNewswire, Inc.

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