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EXCHANGE RATE PREDICTION: 2022

President declares  emergency Vote_lcap16%President declares  emergency Vote_rcap 16% [ 43 ]
President declares  emergency Vote_lcap21%President declares  emergency Vote_rcap 21% [ 57 ]
President declares  emergency Vote_lcap30%President declares  emergency Vote_rcap 30% [ 83 ]
President declares  emergency Vote_lcap34%President declares  emergency Vote_rcap 34% [ 93 ]

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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » President declares emergency

President declares emergency

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1President declares  emergency Empty President declares emergency Sat May 07, 2022 9:12 am

CHRONICLE™

CHRONICLE™
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President declares  emergency Image_dc81d3538c

- Announcement follows emergency Cabinet meeting
- Emergency regulations give powers to armed forces personnel to arrest/detain persons, quell protests
- Will need Parliamentary approval within 14 days

President Gotabaya Rajapaksa last night declared a state of emergency with immediate effect as public protests calling for his resignation intensified.

The emergency regulations which give wide powers to the armed forces to detain and arrest persons as well as quell public protests were declared under the Public Security Ordinance and came into operation throughout Sri Lanka with effect from midnight on 6 May.

The announcement from the President’s office came after he held an emergency Cabinet meeting to discuss the prevailing situation in the country.

The Gazette notification declaring the emergency was published last night. It stated that the regulations are required in the interests of public security, the protection of public order and the maintenance of supplies and services essential to the life of the community.

This is the second time the President has imposed a state of emergency since the start of the public protests against him and his Government as the economic crises in the country worsens.

He promulgated emergency regulations on 1 April but revoked the order five days later on 5 April.

The President will need parliamentary approval within 14 days of the proclamation, failing which the declaration will lapse.

https://www.ft.lk/top-story/President--declares%C2%A0-emergency/26-734511?utm_source=dlvr.it&utm_medium=twitter

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2President declares  emergency Empty Re: President declares emergency Sat May 07, 2022 2:50 pm

samaritan


Moderator
Moderator

It is  the right  of the people to demand the Govt to make available basic necessities like fuel, gas, power etc., and the answer to it is certainly not the declaration of emergency. By doing so we will set a bad precedent to the entire world.

3President declares  emergency Empty Re: President declares emergency Sun May 08, 2022 8:24 am

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

I agree with Samarita's  moderate

It is the opinion of the majority I think more than 90%

4President declares  emergency Empty Re: President declares emergency Sun May 08, 2022 8:28 am

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

until the govt takes correct decisions m you can,t expect favorable market 

ALL INVESTORS WILL HAVE TAKE THIS VERY SERIOUSLY

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