EconomyNext Profile picture
Aug 5 18 tweets 13 min read
President @RW_UNP at @advocatalk’s #reformnow conference says the first task is to stabilise Sri Lanka economy
President @RW_UNP at @advocatalk’s #reformnow conference says Sri Lanka economy has finally become a ‘hodhdha’ or gravy.
President @RW_UNP at @advocatalk’s #reformnow conference says whether we like it or not Sri Lanka will have to go with the @IMFNews
President @RW_UNP at @advocatalk’s #reformnow conference says if any party in SL is opposing the @IMFNews, then they should have an alternative. “We can’t say yes for a half and no for one half. We have to take in full”
President @RW_UNP at @advocatalk’s #reformnow conference says until the county agrees with all creditors, it can’t go to London Club.
President @RW_UNP at @advocatalk’s #reformnow conference says SL has over 6 million people malnourished and more people are losing jobs.
President @RW_UNP at @advocatalk’s #reformnow conference says “we cannot have a second incident. I don’t know if we can withstand”, referring to the recent toppling of the government through protests
President @RW_UNP at @advocatalk’s #reformnow conference calls to help the vulnerable groups. “The gap between the rich and poor is increasing”
President @RW_UNP at @advocatalk’s #reformnow conference says SL will have to resort to higher taxation for economic recovery
President @RW_UNP at @advocatalk’s #reformnow conference says SL can’t go back to the old economic model as it failed to keep up with the changes and globalisation. “We have been thinking highly competitive export-oriented economy.”
President @RW_UNP at @advocatalk’s #reformnow conference says the hard time will go up to July next year.
President @RW_UNP at @advocatalk’s #reformnow conference says SL should look into logistics, renewable energy, selling surplus energy to India, modernise agriculture, fisheries.
President @RW_UNP at @advocatalk’s #reformnow conference says housing needs should be met with in the next 15 years, poverty should not be there anywhere in the country. “Without those we can’t go forward”
President @RW_UNP at @advocatalk’s #reformnow conference says SL will not integrate with South Asian countries due to political reasons. “We must look into other regions like ASEAN, EU, UK, and US.
President @RW_UNP at @advocatalk’s #reformnow conference says “Now we need the change… There is a lot could be done with the restructuring of state enterprise”
President @RW_UNP at @advocatalk’s #reformnow conference says all the people are suffering and lower end people are going to suffer a lot. Emphasises on fair-play in capital markets. “Without doing the economy, we can’t do anything”.
"We brought professionals into Cabinet, they came with track records, reputations of reform, and didn't have to care so much about what the constitution thinks about reforms," says Dr. Veerathai Santiprabhob, Former Governor of the Bank of Thailand at @advocatalk’s #reformnow.
Dr. Veerathai Santiprabhob, Former Governor of the Bank of Thailand at @advocatalk’s #reformnow says, "Don't lose a good crisis, make sure that you bite the bullet and reset and move forward, procrastinating will only increase the cause financially and socially." #LKA #SLNews

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More from @Economynext

Aug 4
A conference was held by the #SriLanka's lawyers against repression.

#SLNews #LKA #AlertSL
"We don't encourage violence but we have to be determined and strong," says Geoffrey Alagaratnam of the President's Council.
Geoffrey Alagaratnam of the President's Council said, "The #Aragalaya has done very well not violent, peaceful and non-political unfortunately somewhere down the line it got diluted." #SLNews #LKA
Read 20 tweets
Aug 4
A Press Conference was held by the Family Health Bureau. The thread below mainly focuses on Nutrition for kids and the promotion and education of breastfeeding during the #EconomicCrisisLK.

#SriLanka #SLNews #LKA #Malnutrition @MoH_SriLanka
The breastfeeding week will continue from Aug 01-Aug 07 under the theme; Step up for breastfeeding, educate and support. #SLNews
Our intention this week is to strengthen the chain that supports breastfeeding in the country. We need to educate everyone in this chain on why they should support it and how they can help in this process, Chitramalee de Silva. #SLNews #LKA
Read 17 tweets
Aug 3
Protestors “illegally” occupying Sri Lanka’s Galle Face green and adjacent premises have been given time till 5pm Friday August 05 to vacate the area, police said.

#SriLanka #Aragalaya #SLNews #LKA

economynext.com/sri-lankas-gal…
Sri Lanka’s new President @RW_UNP and others in the government say the protest movement, which was organic at the start, has now been hijacked by subversive or anarchic elements looking to destabilise the country. #ProtestLK #SLNews
.@nuzlyMN, one of the more prominent faces of the Galle Face protests, commenting on Wednesday’s police announcement said the protestors will seek legal recourse. #SLNews #Aragalaya #ProtestLK
Read 4 tweets
Aug 3
Stay tuned for live parliament updates, where chairmanship is under President @RW_UNP on the thread below.

#SriLanka #SLNews @ParliamentLK
@RW_UNP @ParliamentLK #SriLanka's President @RW_UNP made his arrival to @ParliamentLK alongside the Speaker @YapaMahinda and the Secretary-General of Parliament, Dhammika Dasanayake. This is the inauguration of the first day of the third session of the ninth parliament.
.@RW_UNP addresses the @ParliamentLK and says, "Our country has different religions, languages, and cultures. I will protect all their rights." #SriLanka #SLNews
Read 24 tweets
Aug 2
.@CabinetSL decisions today, stay tuned for live updates in the thread below.

#SriLanka #SLNews Image
All agreed to reform the constitution according to the 19th Amendment. But by understanding its weaknesses and taking the best of the 19A and the 20A, has resulted in the making of the 22 amendment. - Wijedasa Rajapaksa @CabinetSL #LKNews
Laws against corruption have been finished being drafted in 2018 and will be presented @ParliamentLK to for approval. - Wijedasa Rajapaksa @CabinetSL #LKNews
Read 13 tweets
Jun 6
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
Read 15 tweets

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