AGP Executive Report
Last update: 6 hours agoPort Modernisation: The U.S. will invest $17 million to digitise Colombo Port, introducing shared systems to cut paperwork, speed cargo handling and reduce delays. The port handles about $30 billion in U.S.-related cargo annually. IMF and Budget: Sri Lanka has assured the IMF it will present a 2027 budget aligned with programme conditions, keeping spending restraint central as the government seeks the next loan instalment. Markets and Data: The Colombo Stock Exchange’s ASPI rose 1.07% on Friday, with turnover at Rs. 1.14 billion. Meanwhile, the 2025 household income survey has been delayed until December as officials complete data checks and analysis. Trade and Investment: Sri Lanka is seeking EU investment to support businesses and exports, while a proposed $20 million pharmaceutical plant by Zydus-Sunshine would add to manufacturing investment. Sri Lanka and Vietnam are also pursuing a $1 billion trade ambition.
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