AGP Executive Report
Last update: 12 hours agoCost-of-Living Pressure: Sri Lanka’s recovery is colliding with daily reality—grocery bills keep climbing, electricity tariffs bite, and wages stay largely flat, leaving households with less room for essentials and savings. Airport Geopolitics: India is closely watching Sri Lanka’s plan to invite bids by June 9 to lease and run Mattala Rajapaksa International Airport under a 30-year BOT model, with the Hambantota port’s China control still shaping New Delhi’s strategic concerns. Digital Payments Leap: PayPal has officially launched in Sri Lanka via Bank of Ceylon, Commercial Bank and Sampath Bank, aiming to unlock cross-border payments for freelancers and SMEs and boost regulated FX inflows. Tourism Policy Alarm: Hotels and tourism players warn a new Tourism Act is being pushed without meaningful consultation, fearing delays and uncertainty in a sector already under strain. Vehicle Import Surcharge: Sri Lanka has imposed a 50% surcharge on vehicle imports to ease FX pressure, while opposition leaders argue the burden is landing on the public. EV Push: A new programme with Bank of Ceylon and SLIC General targets wider electric vehicle adoption among government employees.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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