AGP Executive Report
Last update: an hour agoPort & Trade Finance: IFC and HSBC committed up to US$40m to modernize and decarbonize South Asia Gateway Terminals at the Port of Colombo, including twin-lift ship-to-shore cranes to cut energy use and boost cargo handling. Market Watch: Sri Lankan shares fell 0.9% as communication services and healthcare dragged; turnover jumped and foreigners were net buyers. Monetary Policy: A Reuters poll expects CBSL to hold its policy rate at 8.75% as inflation rises on volatile energy prices, with reserves under pressure. Banking & Compliance: CBSL FIU imposed Rs. 14.6m in administrative penalties on 11 firms for FTRA non-compliance, including missed cash/EFT reporting and failures to keep UN-designated lists updated. Energy & Jobs: National Salt Limited plans to restart Kuranchantivu salt pan after decades, starting with 50 acres and targeting about 300 direct jobs. Business & Growth Events: Sri Lanka-USA Business Council to host an IP-focused breakfast forum on 22 July; CMA Sri Lanka’s management accounting conference runs 20-21 July; CA Sri Lanka and BASL sign an MoU to strengthen cooperation. Sports Integrity Regulation: Gambling Regulatory Authority says it needs government policy guidance before regulating cricket-related betting amid match-fixing concerns.
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