EconomyNext Profile picture
Oct 4 16 tweets 21 min read
Stay tuned on the thread below.

#SLNews #LKA #CabinetSL #SriLanka Image
@BandulaDr says the @RW_UNP is broadening the lunch project for school children and 51 percent in the student community there will be food security. The president has increased the budget of the project by 4 billion rupees.

#SriLanka #SLNews #LKA #EconomicCrisisLK @CabinetSL
The Government annually implements the school lunch program aiming at 1.08 million students in 7,926 schools spending Rs. 4 billion says @BandulaDr.

#SriLanka #SLNews #LKA #EconomicCrisisLK @CabinetSL
In 2021, 1268 billion rupees is the tax income and from that salary 1115 billion rupees, from the total tax revenue 86pct is salary and pension - @BandulaDr

#SriLanka #SLNews #LKA #EconomicCrisisLK @CabinetSL
My personal opinion is in order to supervise all the SOE, in other countries it is being done by the private sector. So they do not need a big portfolio of ministers. - @BandulaDr

#SriLanka #SLNews #LKA #EconomicCrisisLK @CabinetSL
In my portfolio there are many subjects, so I think in order to supervise all those departments in the ministry there should be state ministers. - @BandulaDr

#SriLanka #SLNews #LKA #EconomicCrisisLK @CabinetSL
I think it will be a big help if we can export Cannabis, as a medicinal drug at a time of severe economic crisis. -@BandulaDr

#SriLanka #SLNews #LKA #EconomicCrisisLK @CabinetSL
There was a discussion regarding the rubber milk prices reducing. And @DrRameshLK said, he would intervene and stop rubber milk importation and give opportunity to the locally produced rubber milk.

#SriLanka #SLNews #LKA #EconomicCrisisLK @CabinetSL
To improve the tourism or the investments, Sri Lanka should be a place of no violence. It may have been that the reason for the implementation of high Security zones. - @BandulaDr

#SriLanka #SLNews #LKA #EconomicCrisisLK @CabinetSL
But the #President and the government think the general population must be informed in a different way and implement laws to protect the basic rights of the general public. - @BandulaDr

#SriLanka #SLNews #LKA #EconomicCrisisLK @CabinetSL
Age of Retirement of employees in State-Owned Enterprises (SOEs) is 60 years and has been approved by @CabinetSL and will come into effect from January 01 2023.

#SriLanka #SLNews #LKA #EconomicCrisisLK @CabinetSL
A procurement of 40,000 metric tons of Muriate of Potash (MOP) for the Maha Season for 2022 and 2023 has been approved utilizing funds amounting to US$ 50 million provided by the Asian Development Bank (@ADB_HQ).

#SriLanka #SLNews #LKA #EconomicCrisisLK @CabinetSL
Cabinet approval has been granted previously to amend Sections 47 and 57 of the Customs
Ordinance and Section 3 of the Protection of Government Revenue (Special Provisions)
Act No.1 of 2006.

#SriLanka #SLNews #LKA #EconomicCrisisLK @CabinetSL
State Accounts Committee has pointed out the need for revising Section 153 of the Customs Ordinance as the Government revenue from the confiscation of goods and imposition of penalties has been significantly decreased.

#SriLanka #SLNews #LKA #EconomicCrisisLK @CabinetSL
The total Recurrent Expenditure for the Year 2023 has been estimated as Rs. 4,634 billion while total Capital Expenditure has been estimated at Rs. 3,245 billion.

#SriLanka #SLNews #LKA #EconomicCrisisLK @CabinetSL
Decisions of the Cabinet of Ministers taken at their meeting held on 03.10.2022

#SriLanka #SLNews #LKA #EconomicCrisisLK @CabinetSL ImageImage

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More from @Economynext

Oct 6
Stay tuned for live updates on the thread below.

#SriLanka #SLNews #LKA Image
President @RW_UNP addresses @ParliamentLK.
@ADB_HQ has agreed to provide #SriLanka a loan of US $500 million.

#SLNews #LKA #EconomicCrisisLK
Read 10 tweets
Oct 4
#SriLanka shares slip over 2% in mid-day trade on Tuesday (04) continuing the sentiments from the previous day.
The main index ASPI is down 261.54 points while the market generated a turnover of 3 billion rupees.
Top losers - Lanka IOC, Expolanka and John Keells. Image
The most liquid index S&P SL20 drops below 5% Image
If the index plunges below 7.5% the market trade will be halted.
Read 4 tweets
Oct 4
Stay tuned on the thread below for Parliament updates.

#SriLanka #SLNews #LKA Image
@sjbsrilanka withdraws the proposed @HarshadeSilvaMP to COPE and recommends @charith9. - Opposition Leader @sajithpremadasa.

#lka #slnews
Ranjith Siyambalapitiya says, for a month #SriLanka spends 93 billion rupees on state worker salaries each month, for pension we spend 119 billion rupees a month and for the entire year it comes to 1428 billion rupees.

#EconomicCrisisLK #SLNews #LKA @ParliamentLK
Read 5 tweets
Aug 18
"There are no medicines in the Ayurvedic Hospital only problems. Most of the time they give the best closest medicine to the person due to lack of medicine in the hospital." - Protestors from Ayurveda Junction

#SLNews #LKA #ProtestLK
".@IMFNews says the number of state workers is high. Chairman of IMF thinks these people get paid in dollars? If we take in the entire Asian region we are getting a very poor salary." - Protestor

#SLNews #LKA #ProtestLK
"There is not enough staff, there should be 700 but only around 200 are there. We should have 100 nurses but only around 40 are there. No new recruitments have been made for the past 10 years." - Protestor

#SLNews #LKA #ProtestLK
Read 5 tweets
Aug 18
.@CBSL discusses the Monetary Policy, stay tuned for live updates on the thread below.

#SriLanka #SLNews #LKA
#SriLanka’s central bank said it was holding its policy rates at 15.50 percent, while data showed market interest rates are close to twice the rate while private credit and imports falling as a consequence. @CBSL #SLNews #LKA

Related - economynext.com/sri-lanka-poli…
.@CBSL says there is a possibility to further curtail non-urgent imports. #SriLanka #SLNews #lka
Read 16 tweets
Aug 16
Sri Lanka's Opposition launches a program called Maha Jana Sabhava, where ideas and issues are being collected from the general public, with motives of potentially implementing system change and combating the #EconomicCrisisLK.

#SriLanka #SLnews ImageImage
Several communities represented at the discussion such as #Aragalayaprotestors belonging to the deaf community, lawyers, mothers, state workers and supporters of SJB and was chaired by SJB Leader @sajithpremadasa, National Organiser TissaAttanayake and @hirunika7. Image
1)Discussions revolved around -
1. Economic Crisis and a plan for recovery
2. Increases in malnutrition and decreases in healthy Body Mass Index (BMI)
3. Establishment of committees for certain sectors involved in business and enterprise
4. Men and women's rights
Read 4 tweets

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