Sunday, 17 October 2021 10:08 GMT

Ranil suspects lockdown might not be lifted on Oct 1st due to oil issue

(MENAFN- NewsIn.Asia) Colombo, Sept 26 (NewsWire) – United National Party (UNP) Leader Ranil Wickremesinghe suspects the current lockdown will not be lifted on 1st October.

Speaking during a panel discussion organised by the International Chamber of Commerce Sri Lanka, MP Ranil Wickremesinghe raised concerns that the lockdown will not be lifted on Oct. 1 due to reports that there was a delay in purchasing diesel supplies for the domestic market.

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Former PM suggested that the re-opening of the country could be delayed till mid-October.

In responding to the issue of debt management in Sri Lanka, UNP leader said that the most pressing concern is addressing the dwindling foreign exchange reserves in the country.

READ: There'll be a“new normal” when Sri Lanka re-opens on October 1 after lockdown

He explained that the regional foreign exchange reserves are projected to increase over the course of the year, however, Sri Lanka's foreign exchange reserves are on a downward trend.

He also said that economic recovery based on a resurgence of the tourism industry will lead to uncertainty, until airline ticket prices are reduced it is unlikely our tourist numbers will recover as Sri Lanka is a budget tourism market.

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