The refinery that had been closed for over two months due to a lack of crude oil recommenced operations on May 27 but has been out of commission for a week due to a technical issue in one of its burners. #Sapugaskanda#FuelCrisisLK#CPC#EconomicCrisisLK#SLNews#NewsAlert
Central Bank of Sri Lanka explains the Background, Positive Impact, and Expected Outcomes of The Current Exchange Rate Arrangement. @CBSL#SriLanka#Economy#SLNews#NewsAlert
#SriLanka@CBSL says The outcome of the initially allowed exchange rate flexibility fell short of expectations due to large overshooting by market forces and the delay in market correction. @CBSL#SriLanka#Economy#SLNews#NewsAlert
#SriLanka@CBSL says further pressures were added due to: forex shortages, continuous depreciation of exchange rate, delays of forex conversions by forex holders and high premium offered in the grey market. #Economy#SLNews#NewsAlert
#SriLanka PM @ranil on Sri Lanka's "Twin Crisis": “We are only seeing the beginning [the of global impact of the Ukraine crisis]...it will get much worse as it goes along...most probably be a shortage of food [which] will go globally till 2024.” #EconomicCrisisLK#Ukraine
@ranil#SriLanka PM @ranil on Sri Lanka's "Twin Crisis" says: "There's a shortage of fertilizer in California, there's a shortage of fertilizer in Brazil. Already countries are banning the export of food." #EconomicCrisisLK
"There are going to be many countries affected by the Ukraine crisis. Some say 40, some say 70. But we are unique... until the Ukraine crisis took place [other] economies were normal. Not in our case. We [were] already suffering"-@RW_UNP. #SriLankaEconomicCrisis#EconomicCrisisLK
#SriLanka@CBSL chief at #PressClub event - “What we have is a balance of payment crisis. But now it’s has evolved into a political crisis and social unrest”
#SriLanka@CBSL chief at #PressClub event - “Suspending the debt repayment was the best option out of many bad options until we come to consensus with our creditors”
#SriLanka@CBSL chief at #PressClub event - “Suspending the debt repayment mean we do not have to find $2.5 bln for debt repayment this year. But anyway we have to pay for imports.”
"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