AGP Executive Report
Last update: 11 hours agoSri Lanka Economy Watch: Q2 growth lost momentum as external shocks and weak domestic demand weighed on recovery, even as analysts point to pockets of improvement. Agriculture & Food Security: Sri Lanka is set for a record rice harvest, driven by a surge in fertilizer imports that should ease FX pressure and stabilise food supply. Capital Markets: Sri Lankan shares fell for a third straight session, with foreign investors net selling while turnover stayed active. Trade & Revenue: Sri Lanka Customs crossed the Rs. 2 trillion revenue mark, on track to beat 2026 targets early, supported by stronger compliance and trade activity. Energy & Investment: The 2026 offshore oil and gas licensing round opened four Mannar Basin blocks for international bidding, aiming to reduce fuel import dependence. Healthcare Infrastructure: Construction began on a Rs. 4.18 billion Cardiology Unit at Trincomalee Hospital, funded by Japan’s JICA, targeting completion by May 2028. Business & Exports: The apparel sector set sights on an $8 billion export goal, while the gem and jewellery industry pushed value-add and market links through regional fairs. Regional Deals: Indonesia urged continued talks on its preferential trade agreement with Sri Lanka, while Sri Lanka and Thailand moved to expedite visa-free travel for ordinary passport holders. Sports Sponsorship: Local businessman Dudley Sirisena pledged ongoing world-class javelins support for Rumesh Tharanga until Olympic gold.
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.