AGP Executive Report
Last update: 6 minutes agoIMF Reform Watch: The IMF says Sri Lanka’s economy is still vulnerable to external shocks even as the Middle East crisis eases, urging the government to stay on track with reforms, rebuild reserves and protect the poorest households, after inflation rose and policy tightening was introduced. Navy Leadership: President Anura Kumara Dissanayake promoted Rear Admiral Damian Fernando to Vice Admiral and appointed him the 27th Navy Commander from July 1. Climate & Environment: Sri Lanka reaffirmed climate commitments, targeting 70% renewable energy by 2030, and amended the National Environmental Act to strengthen protection, including pollution controls and Extended Producer Responsibility. Road Safety Crackdown: Police warned reckless drivers will face criminal prosecution and court action, with licence suspensions for repeat offenders. Tourism & Hospitality: Cinnamon Hotels & Resorts’ Sri Lanka portfolio won multiple Tripadvisor Travelers’ Choice Awards, while Cinnamon DISCOVERY Island Rewards expanded across resorts. Business & Payments: KOKO and Aitken Spence Hotels integrated buy-now-pay-later into official booking, and Sri Lanka launched digital vehicle insurance verification via *1338# to replace physical certificates. Capital Markets: CSE and SEC will hold a free investor forum on 9 July at the CSE trading floor.
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