(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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