• Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Top Trading Strategy
No Result
View All Result
Home Breaking News

Sri Lanka opposition hopes to install new government amid turmoil

by
July 10, 2022
in Breaking News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related Posts

Baidu leaps to 11-month high as it reveals plan to launch ChatGPT-style ‘Ernie Bot’

India will buy oil from ‘wherever we have to’ if terms are beneficial, energy minister says

Tuesday: Trade Deficit, Fed Chair Powell

Dow Jones Drops Ahead Of Key Powell Speech; Pinterest Plunges On Earnings; 4 Other Earnings Reporters

Protesters, many wrapped in the Sri Lanka flag, swarmed into his whitewashed colonial-era residence on Saturday, jumped into the swimming pool and sat on a four-poster bed. Others set fire to the private home of Prime Minister Ranil Wickremesinghe.
Tharaka Basnayaka | Nurphoto | Getty Images

Sri Lanka’s opposition political parties will meet Sunday to agree on a new government a day after the country’s president and prime minister offered to resign in the country’s most chaotic day in months of political turmoil, with protesters storming both officials’ homes and setting fire to one of the buildings in a rage over the nation’s economic crisis.

Protesters who stormed the president’s official residence, his office and the prime minister’s official residence on Saturday spent the night there, saying they will stay until the leaders officially resign.

Opposition lawmaker M. A. Sumanthiran said all opposition parties combined could easily muster the 113 members needed to show a majority in Parliament, whereupon they will request President Gotabaya Rajapaksa to install the new government and then resign.

He said the parties hoped to reach consensus Sunday.

Prime Minister Ranil Wickremesinghe said he will leave office once a new government is in place, and hours later the speaker of Parliament said Rajapaksa would step down Wednesday. Pressure on both men had grown as the economic meltdown set off acute shortages of essential items, leaving people struggling to obtain food, fuel and other necessities.

If both president and prime minister resign, Speaker Mahinda Yapa Abeywardena will take over as temporary president, according to the constitution.

Thousands of protesters entered the capital Colombo on Saturday and swarmed into Rajapaksa’s fortified residence. Video and pictures showed jubilant crowds splashing in the garden pool, lying on beds and using their cellphone cameras to capture the moment. Some made tea or used the gym while others issued statements from a conference room demanding that the president and prime minister go.

It was not clear if Rajapaksa was there at the time, and government spokesman Mohan Samaranayake said he had no information about the president’s movements.

Even though both Wickremesinghe and Abeywardena said in their speeches that they had spoken with the president, they did not say anything about his whereabouts.

Protesters later broke into the prime minister’s private residence and set it on fire, Wickremesinghe’s office said. It wasn’t clear if he was there when the incursion happened and the prime minister’s spokesperson could not be reached for comment.

The country is relying on aid from India and other nations as leaders try to negotiate a bailout with the International Monetary Fund. Wickremesinghe said recently that negotiations with the IMF were complex because Sri Lanka was now a bankrupt state.

Sri Lanka announced in April that it was suspending repayment of foreign loans due to a foreign currency shortage. Its total foreign debt amounts to $51 billion, of which it must repay $28 billion by the end of 2027.

Months of demonstrations have all but dismantled the Rajapaksa political dynasty, which has ruled Sri Lanka for most of the past two decades but is accused by protesters of mismanagement and corruption. The president’s older brother resigned as prime minister in May after violent protests saw him seek safety at a naval base.

Next Post

Under Lisa Su, AMD Is a Profit-Making Machine

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Breaking News

Baidu leaps to 11-month high as it reveals plan to launch ChatGPT-style ‘Ernie Bot’

by
February 7, 2023
0

In this article GOOGLMSFT9888-HKBIDU Follow your favorite stocksCREATE FREE ACCOUNT Robin Li (or Li Yanhong in Chinese), founder, chairman and...

Read more

Baidu leaps to 11-month high as it reveals plan to launch ChatGPT-style ‘Ernie Bot’

India will buy oil from ‘wherever we have to’ if terms are beneficial, energy minister says

Tuesday: Trade Deficit, Fed Chair Powell

Dow Jones Drops Ahead Of Key Powell Speech; Pinterest Plunges On Earnings; 4 Other Earnings Reporters

Rescuers scramble in Turkey, Syria after quake kills 4,000

‘Big Short’ hedge funder says he thinks we’re headed for a ‘run-of-the-mill’ recession—but the bigger ‘paradigm shift’ is really on his mind

Load More

All rights reserved by www.toptradingstrategy.net

  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.