AGP Executive Report
Last update: 3 hours agoLife Insurance Deal: Softlogic Life buys a 60% stake in Bangladesh’s Diamond Life Insurance for about $1.9m, marking its first international acquisition and entry into a faster-growing market. Tax Treaty Tightening: India amends its tax treaty with Sri Lanka, adding anti-abuse rules including the Principal Purpose Test, with changes applying from April 1, 2027 to curb treaty-shopping and double non-taxation. IMF-Reform Focus: Sri Lanka’s next IMF-backed fiscal phase shifts from raising taxes to improving tax administration and compliance via a Medium-Term Revenue Strategy aimed at growth- and SME-friendly outcomes. Sports Corruption Probe: Former India U-19 star Manjot Kalra, co-owner of Jaffna Kings, is remanded until July 31 over alleged bribery attempts linked to LPL 2026; Sri Lanka Cricket says the tournament will proceed. Regional Maritime Security: BIMSTEC security chiefs endorse guiding principles for maritime law enforcement and adopt HADR guidelines to improve safety and disaster response across member states. Digital Trust Angle: A commentary argues Sri Lanka should treat verifiable digital trust as national infrastructure, building on its Personal Data Protection Act to make obligations workable. Business Diplomacy: SAARC Chamber of Commerce and Industry president Dhakal meets Sri Lanka’s FM Vijitha Herath, urging support for convening a SAARC Summit to boost regional trade and investment.
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