AGP Executive Report
Last update: 5 hours agoDigital Tax Push: Sri Lanka’s Inland Revenue Department has rolled out the second stage of its Digital Invoicing System, extending beyond exporters to more VAT-registered businesses to cut leakages and speed VAT refunds. AI & Policy: Cabinet has approved drafting a Digital Economy Bill to build a legal framework for Sri Lanka’s digital transformation, with focus areas including AI. Currency Reality Check: A commentary argues Sri Lanka’s exporters are wrong to rely on rupee depreciation for competitiveness, warning that imported inputs can erase any gains. Consumer Credit Watch: Research highlights a surge in consumer durable loans, raising concerns that credit-fuelled spending could pressure foreign exchange stability. Business Continuity: People’s Bank becomes the first state-owned bank in Sri Lanka to earn ISO 22301:2019 certification for business continuity. Water Disruption: NWSDB announces a 14-hour water cut in Galle Municipal Council area on June 10 for essential maintenance. Regional Tech & Trade: Bangladesh reaffirmed BIMSTEC’s push for connectivity, trade, and technology transfer across the Bay of Bengal region. Maritime AI Angle: A South Asia piece says ports need AI-driven logistics decisions, not just basic digitisation.
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.
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