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.@pucslofficial hosts a Press Conference today in regard to a tariff revision submitted by the Ceylon Electricity Board in March 2022. Stay tuned for live updates.
#SriLanka #SLNews
#SriLanka #SLNews
The last tariff revision was received in 2014, which was a reduction of 25%, due to the exchange rate variations and electricity supply running on imported fossil fuels, Ceylon Electricity Board is in a "very bad financial situation", says Rohantha Abeysekera of CEB. #SLNews
"We need to go for a revision, we have presented our proposal following a tariff methodology published for 2021, in fact, it was published in November last year and we submitted the proposal in March," says Rohantha Abeysekera of CEB. #SLNews
#SriLanka GCE Ordinary Level examinations commenced today (23) after a delay of 5 months. 
Over 500,000 children island wide sat for the exams amid the worst economic crisis the country has ever seen.
"We received no support"-Student
#SriLankaEconomicCrisis
"We received no support"-Student
#SriLankaEconomicCrisis
"The kids just want to get it over with. My son said if this gets pushed back even more, he's not going to do his exams at all. They are in a huge amount of stress"-Parent of a child sitting for O Levels
#SriLankaExam
#SriLankaExam
I may be just a single macroeconomist, but studying dozens of countries where this happens gives you a sense of what works and what doesn't.
Prioritized timed list of what I think should be done to turn the lights back on and keep them on.
#PowerCutLK #EconomicCrisisLK
(1/9)
Prioritized timed list of what I think should be done to turn the lights back on and keep them on.
#PowerCutLK #EconomicCrisisLK
(1/9)
1. Immediately raise interest rates as much viable
2. Immediately suspend debt payments+begin negotiations with creditors
3. Immediately send a letter to the IMF officially asking for a bailout+publicize said letter
4. Immediately remove all forex surrender requirements
(2/9)
2. Immediately suspend debt payments+begin negotiations with creditors
3. Immediately send a letter to the IMF officially asking for a bailout+publicize said letter
4. Immediately remove all forex surrender requirements
(2/9)
5. Begin a technocratic overhaul to get people that hold international credibility
6. Layout a weekly roadmap of fiscal policy adjustments
7. Complete the technocratic overhaul
8. Halt as much capex and infrastructure projects as possible and divert import space to fuel
(3/9)
6. Layout a weekly roadmap of fiscal policy adjustments
7. Complete the technocratic overhaul
8. Halt as much capex and infrastructure projects as possible and divert import space to fuel
(3/9)
Remember post-war #SriLanka, when @PresRajapaksa was in charge and triumphalism ruled? Do you know how much money was quietly being poured into Hambantota at the time? We tried to track it and got nowhere near the complete figure. But here's what we found (1) #PowerCutLK
.@TimesOnlineLK tried to compile a list of major completed and ongoing infrastructure projects in Hambantota. Each figure was checked, to the extent possible, with the relevant Government agency. Hambantota. Some statistics or project details could not be obtained. (2)
For instance, it doesn't include money spent on village roads/irrigation/schemes. An addition of available numbers showed that an amount of Rs. 676.353 billion has already been spent or is in the process of being spent on the district. The actual figure is much bigger. (3)
