AGP Executive Report

Last update: 11 hours ago

Fuel Watch: Sri Lanka cut retail fuel prices again, with CPC lowering Auto Diesel by Rs.25 to Rs.382 and Octane 92 by Rs.20 to Rs.414 from June 30, after international oil prices eased following Middle East ceasefire talks—sparking fresh questions about earlier claims that high-cost term purchases and inventories left little room to reduce prices. Public Finance: Government revenue is projected to fall to 15.8% of GDP in 2026 (from 16.7% in 2025), as one-off tax gains from renewed vehicle imports fade, even as officials say the revenue base is stronger than during the 2022 crisis. Ports & Investment: Sri Lanka is pitching U.S. investment for Colombo Port expansion, including a logistics park and West Container Terminal 2, as Deputy Minister Janitha Kodituwakku seeks American business support. Digital Agriculture: A unified Plantation Sector Decision Support System was handed over as a state-owned digital public asset, consolidating data across key plantation bodies to replace fragmented networks. Finance Sector: EMGA secured a US$15m senior debt facility for Citizens Development Business Finance (CDB) with Swedfund backing, aimed at SME lending and green initiatives. Governance & Courts: BASL will hold public consultation on a proposal to raise judges’ retirement age, while the Colombo High Court ordered the CBSL bond scam trial to be called again on 22 July due to a trial-at-bar bench issue. Health & Weather: Meteorology says no disaster is expected despite enhanced monsoon rains, though several river levels have risen.

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

Cinnamon Hotels & Resorts adds Island Rewards across nine Sri Lanka resorts

AGP

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4 hours ago

ÀNI Private Resorts to open flagship Shoal Bay retreat in January 2027

AGP

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Jun. 18, 2026

Habarana Village by Cinnamon marks 50 years in Sri Lanka's Cultural Triangle

AGP

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Jun. 29, 2026

Cey Laya advances Colombo Port City mixed-use project with €300 million financing plan

AGP


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2 hours ago

Cinnamon Hotels & Resorts Enhances Guest Rewards with Cinnamon DISCOVERY Island Rewards Across Sri Lanka Resorts

EIN Presswire

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4 hours ago

SS Innovations Named Outstanding Company Winner at the 2026 Surgical Robotics Industry Awards

GlobeNewswire, Inc.

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4 hours ago

ÀNI Private Resorts Expands with January 2027 Opening of ÀNI Shoal Bay, 15-Suite Exclusive-Use Beachfront Retreat

EIN Presswire

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Jun. 18, 2026

Habarana Village by Cinnamon Marks 50 Years of Hospitality in the Heart of Sri Lanka's Cultural Triangle

EIN Presswire

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10 hours ago

Skin Care Products Market is likely to grow at a CAGR of 3.6% through 2031, reaching US$ 241.5 billion by 2031

EIN Presswire

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Jun. 29, 2026

EMGA Secures USD 15 Million Senior Debt Facility for CDB

GlobeNewswire, Inc.

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