Thread by @Economynext

Cabinet decisions today @CabinetSL
Thread ⬇️

#SriLanka #Cabinet #SriLankaEconomicCrisis
#SLnews

@CabinetSL @CabinetSL Prime Minister @RW_UNP briefed the Cabinet on the economic crisis in depth-Cabinet spokesperson Bandula Gunawardena

#SriLanka #Cabinet #SriLankaEconomicCrisis
#SLnews

@CabinetSL The daily budget deficit of 1.7 billion rupees in 2014 has risen to 5.6 billion rupees in 2022- @BandulaDr

#SriLanka #Cabinet #SriLankaEconomicCrisis
#SLnews

@CabinetSL approves French based Lazard as debt restructuring advisor at a cost of 5.6 million dollars for one year.

#SriLanka #Cabinet #SriLankaEconomicCrisis
#SLnews

@CabinetSL has decided to issue a circular to call only government sector essential workers to report to work.

#SriLanka #Cabinet #SriLankaEconomicCrisis
#SLnews

@CabinetSL approved a proposal by Energy and Power Minster @kanchana_wij to borrow 500 million dollar short term loan facility from Exim Bank of India to buy fuel.

#SriLanka #Cabinet #SriLankaEconomicCrisis
#SLnews #Petrol

@CabinetSL @kanchana_wij says still incurring a 1 rupee loss from Octane 92 Petrol and a 60 cents loss from Auto Diesel after the latest price increase.

#SriLanka #Cabinet #SriLankaEconomicCrisis
#SLnews #Petrol #Diesel

@CabinetSL @kanchana_wij says incurring a loss of 275.26 rupees loss per liter of kerosene.

#SriLanka #Cabinet #SriLankaEconomicCrisis
#SLnews

@CabinetSL Loss incurred by Kerosene sales contributes significantly to the Ceypetco's losses, this is why @LankaIOCPLC is not incurring any losses.

#SriLanka #Cabinet #SriLankaEconomicCrisis
#SLnews

@CabinetSL "When world oil prices fall, rupee appreciates, we except to pass down the benefits to the customers"-@kanchana_wij

#SriLanka #Cabinet #SriLankaEconomicCrisis
#SLnews

@CabinetSL Ceypetco revises fuel limits- motorbikes to Rs 2500, three wheels Rs 3000 and other vehicles Rs 10,000.

#SriLanka #Cabinet #SriLankaEconomicCrisis
#SLnews

@CabinetSL @kanchana_wij urges public to be vigilant about an organized group which tries to create inconvenience to motorists in fuel queues.

#SriLanka #Cabinet #SriLankaEconomicCrisis
#SLnews

@CabinetSL @kanchana_wij warns that motorists who fill fuel more than once will be arrested.

#SriLanka #Cabinet #SriLankaEconomicCrisis
#SLnews

@CabinetSL expects to provide financial assistance for fishermen, plantation sector workers and the poor to compensate for the increasing prices of kerosene.

#SriLanka #Cabinet #SriLankaEconomicCrisis
#SLnews

@CabinetSL "President @GotabayaR will act as the Finance Minister until someone is appointed"-@kanchana_wij

#SriLanka #Cabinet #SriLankaEconomicCrisis
#SLnews

@CabinetSL "Sri Lanka is negotiating with @IndiaEximBank for a $500 million short term loan with a 7 year repayment period with the same conditions as the earlier $500 million credit line."-@kanchana_wij

#SriLanka #Cabinet #SriLankaEconomicCrisis
#SLnews

@CabinetSL "Sri Lanka is compelled to pay a huge demurrage cost which is not included in the cost at the moment." -@kanchana_wij
#Cabinet #SriLankaEconomicCrisis
#SLnews

@CabinetSL "Given the current economic crisis, the Government will have to provide concessions to the people by slashing some capital expenditures."-@BandulaDr

#Cabinet #SriLankaEconomicCrisis
#SLnews

@CabinetSL @BandulaDr says in discussions to form an efficient transportation system.

#Cabinet #SriLankaEconomicCrisis
#SLnews

@CabinetSL @kanchana_wij says President @GotabayaR has personally requested Russian Embassy in Sri Lanka to import crude oil from Russia.

#Cabinet #SriLankaEconomicCrisis
#SLnews

@CabinetSL "Most probably we should be able to unload the crude oil shipment which has been in Sri Lankan waters for the last two weeks."-@kanchana_wij

#Cabinet #SriLankaEconomicCrisis
#SLnews

@CabinetSL Sri Lanka Ceypetco has not given the usual bonus for employees in April this year.

#Cabinet #SriLankaEconomicCrisis
#SLnews

.@CabinetSL "Studies have been conducted on oil exploration in Mannar last year. Will advertise future oil exploration plots in the next couple of months."-@kanchana_wij

#Cabinet #SriLankaEconomicCrisis
#SLnews