Entire govt. including PM should resign: Wimal

While expressing that the government has lost faith internationally, former minister Wimal Weerawansa said today that the whole government, including Prime Minister Mahinda Rajapaksa should resign and allow an interim government to be formed with the participation of all parties in Parliament. He told Parliament that Sri Lanka should seek at least US$ 4 or 5 billion from freindly nations to increase foreign reserves. But the government is not in a position to do so as it has lost faith globally. The Parliamentarian said that assistance from freindly countries should…

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US asks citizens to reconsider travel to Sri Lanka in new advisory

Reconsider travel to Sri Lanka due to COVID-19 and fuel and medicine shortages. Exercise increased caution in Sri Lanka due to terrorism. Read the Department of State’s COVID-19 page before you plan any international travel. Visit the Embassy’s COVID-19 page for more information on COVID-19 and related restrictions and conditions in Sri Lanka. The Centers for Disease Control and Prevention (CDC) has issued a Level 3 Travel Health Notice for Sri Lanka due to COVID-19, indicating a high level of COVID-19 in the country. Your risk of contracting COVID-19 and developing severe symptoms may be lower if you are fully vaccinated with an FDA authorized…

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Sri Lanka’s economic crisis has created a political one

Until very recently Gotabaya Rajapaksa, still Sri Lanka’s president as The Economist went to press, was secure in his job. After all, he had done much to consolidate his power. Following his election in 2019 he dissolved the legislature and filled the government with relatives and cronies. A thumping win for his coalition in parliamentary elections in 2020 enabled him to change the constitution, handing himself even more power. Yet over the past few weeks Mr Rajapaksa’s hold on the country of 22m people has been slipping. Sri Lanka’s economy is in free fall.…

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Sri Lanka’s economic crisis and political turmoil

Sri Lanka is facing its worst financial crisis in more than 70 years. Food prices on the island nation rose by a record 30 percent in March alone. Here’s how much basic necessities now cost in the country of 22 million people. The cost of living in the tourism-reliant country has become unbearable for many. Thousands have recently taken to the streets in massive protests across the country demanding the president’s resignation. KEEP READING list of 4 itemslist 1 of 4 Sri Lanka appoints new central bank head list 2…

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Sri Lanka rupee plunges to world’s worst

ECONOMYNEXT – Sri Lanka’s rupee has plunged to a record low to become the world’s worst-performing currency,as President Gotabaya Rajapaksa struggles to contain a worsening economic and political crisis, Financial Times, a UK-based newspaper reported. In a report published Wednesday afternoon Sri Lanka time, the newspaper said the rupee was hovering near 300 per US dollar on Wednesday, down 32 per cent year to date and lagging even Russia’s rouble, after Rajapaksa ended emergency rule just days after it was imposed. The rupee collapsed from around 200 to 300 to the US…

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Avant Garde Security Services sent 200 people to Mirihana protest: Vijitha Herath

National People’s Power (NPP) Opposition Parliamentarian Vijitha Herath yesterday (6) alleged that Avant Garde Security Services (Pvt.) Ltd. Chairman Nissanaka Senadhipathi had sent 200 people to be among the protesters at Mirihana, near President Gotabaya Rajapaksa’s private residence, on the night of 31 March. “When the people were protesting that night, Defence Secretary (Retd.) Gen. Kamal Gunaratne called an emergency meeting with the Defence Ministry. Senadhipathi was part of that meeting. There, he had said: ‘Do not worry, I have sent 200 people to Mirihana’,” Herath claimed in Parliament yesterday.…

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Speaker warns of food crisis

Speaker Mahinda Yapa Abeywardena yesterday warned that there was the possibility of a severe food shortage, which would be far worse than all other crises. Making a special statement, the Speaker said that economists had warned of a looming food crisis. He appealed to lawmakers to sink their political differences, as the country was facing a critical situation, and come together to find solutions. “As you know, we are holding this debate at a time when the country is facing the biggest ever economic crisis in its history. Economists have…

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Nirupama Rajapaksa leaving the country could hamper the ongoing probe against her

By Dasun Rajapaksa The Commission to Investigate Allegations of Bribery or Corruption (CIABOC) says, Nirupama Rajapaksa leaving the country could hamper the ongoing probe against her. Secretary of CIABOC, Apsara Caldera, said though they had recorded a statement from Nirupama Rajapaksa after her name had been stated by the International Consortium of Investigative Journalists (ICIJ) via the Pandora Papers over the unlawful acquisition of millions of dollars worth of property, it would be impossible to record further statements from her on account of her being overseas. He observed that as…

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Opposition requests public to continue protests

Parliamentarian Shanakiyan Rasamanickam today requested people of Colombo not to give up on the fight against the government and to continue anti-government protests. Addressing Parliament, the MP said people question as to why Parliamentarians do not join protests on the streets. He cited the incident between the Sri Lanka Army and the Police in Battaramulla yesterday. The MP stated; while Police looked on when an individual set an Army bus on fire in Mirihana, they to date have failed to identify the individual. He questioned as to why the individual…

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Sri Lanka: Gota needs to go – but so does the ethnocratic state

At least in the eyes of the long-suffering Tamils, the demands being made at the ongoing protests are not going far enough. Unprecedented protests have gripped Sri Lanka, with huge crowds calling for the resignation of President Gotabaya Rajapaksa, known as Gota. The recent economic crisis has hit the country hard, and anger against the government, which was overwhelmingly popular with the country’s Sinhalese majority ethnic community when it came to power in 2019, has spilled out onto the streets. In response, the entire cabinet resigned, but Gota and his brother – former…

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Monk claims Mahanayaka Theras have requested govt. to resign

The government should not underestimate the public anger and must take immediate steps to resign immediately while forming a caretaker administration to restore the country’s crisis and bring it under control, Sri Lanka Ramanna Nikaya, Ven.Prof. Aththangane Rathanapala Thera said. Addressing the media, the prelate said the Mahanayaka Theras have also requested the government to resign immediately. “During the past 2½ years, the incumbent government has ruined the country to its end, destroyed democracy, the country’s supremacy of the law, sold national assets, the country has been colonized, the country’s…

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SRI LANKANS DEMAND OUSTER OF RAJAPAKSA GOVERNMENT

Sri Lanka’s opposition has rejected an invitation from the president to form a unity government, urging his resignation over the country’s worsening shortages of food, fuel and medicines. The opposition’s demand this week came as anti-government protests continued throughout the country and overseas, including in Vancouver, over its worst economic crisis in memory and deepening mistrust in President Gotabaya Rajapaksa’s leadership. The president’s office said he “invites all political parties represented in the parliament to come together to accept ministerial portfolios in order to find solutions to this national crisis”.…

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Former Sri Lankan captain Arjuna Ranatunga told PM Modi generous on helping Sri Lanka IG News

Ranatunga told PM Modi generous on helping Sri Lanka Former Sri Lankan captain Arjuna Ranatunga, who is facing economic crisis due to China’s debt trap, called India big and Prime Minister Narendra Modi (PM Narendra) to help get out of the crisis. Modi) praised. He blamed the current policies of the Sri Lankan government for the current economic crisis. Ranatunga said, “PM Modi has shown great generosity by giving a grant to start the Jaffna International Airport. India is our big brother. Apart from giving money to Sri Lanka, PM…

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Sri Lanka’s Rupee sheds a third of its value against the dollar as deepening crisis raises threat of default

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.comT&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here.https://www.ft.com/content/b6c91edf-d8b3-42d6-8eef-c42f2f2544b3 Sri Lanka’s rupee has plunged to a record low to become the world’s worst-performing currency, as President Gotabaya Rajapaksa struggles to contain a worsening economic and political crisis. The Sri Lankan…

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