FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» Maharaja Foods PLC (MFL) ready for the Fall!
by ChooBoy Today at 12:27 am

» කොළඹ කොටස් වෙළඳපොල විශ්ලේෂණය - 2024
by ChooBoy Fri Jul 19, 2024 11:53 am

» Winds of Change: Sri Lanka's Banking Crisis is Stalling Renewable Energy Ambitions of Local Stalwarts of Wind & Solar Power
by God Father Wed Jul 17, 2024 10:11 pm

» Banking Sector Analysis
by God Father Sat Jul 13, 2024 7:57 am

» Impact of Elections on Colombo Stock Market Sentiment
by Quibit Tue Jul 09, 2024 9:01 am

» LankaBIZ Unveils AI-Driven On-Demand Financial Research and Analysis Service
by Quibit Thu Jul 04, 2024 12:49 pm

» CDB Non voting
by Nandun Sun Jun 30, 2024 9:45 pm

» The Parsi Power Play: How a Small Community of Iranian Parsis are Controling Sri Lanka's US $ 85 billion Economy & 22 Million Population & Politics driving away FDIs
by MalakaDesmond Sun Jun 30, 2024 10:19 am

» Richard Pieris Group: Mismanaged?
by Walbaba Sat Jun 29, 2024 7:04 pm

» සොෆ්ට්ලොජික් හෝල්ඩිංග්ස් පීඑල්සී: අඳුරු අපේක්ෂාවන් සහිත ඉහළ අවදානම් ආයෝජනයක්
by D.G.Dayaratne Tue Jun 25, 2024 5:45 am

» සොෆ්ට්ලොජික් ප්‍රාග්ධනයට වන්දි ගෙවන Share BuyBack නිසා Softlogic ජීවිත රක්‍ෂණය බංකොලොත් වීමේ අවදානමක
by MalakaDesmond Tue Jun 25, 2024 1:49 am

» Softlogic Life insurance face Danger of Bankruptcy due to Share BuyBack that compensate Softlogic Capital
by MalakaDesmond Tue Jun 25, 2024 1:33 am

» Softlogic Holdings PLC: A High-Risk Investment with Bleak Prospects
by MalakaDesmond Tue Jun 25, 2024 12:52 am

» FINANCE AND LEASING SECTOR
by SL-INVESTOR Sat Jun 22, 2024 12:48 am

» HSENID BUSINESS SOLUTIONS PLC (HBS.N0000)
by ErangaDS Wed Jun 19, 2024 9:21 pm

» How will proposed Tax Reforms affect Sri Lankans in 2025
by Quibit Wed Jun 19, 2024 9:27 am

» Falsified accounts and financial misrepresentation at Arpico Insurance PLC (AINS)
by ChooBoy Tue Jun 18, 2024 11:31 pm

» Impact of IMF reforms to Sri Lanka Economy
by D.G.Dayaratne Mon Jun 17, 2024 6:36 pm

» Richard Pieris Finance Ltd continue to endanger the Depositors with negative performance
by ddindika Mon Jun 17, 2024 3:17 pm

» Richard Pieris Exports reports 97% decline in Net Profits
by Biggy Sat Jun 15, 2024 11:26 am

» Do your own Stock Market Research using AI Tools
by Quibit Fri Jun 14, 2024 10:50 am

» What will happen tomorrow?
by cheetah Thu Jun 13, 2024 12:07 pm

» Focus on Government controlled entities
by ErangaDS Mon Jun 10, 2024 4:15 pm

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube


You are not connected. Please login or register

Sri Lanka protests: thousands storm president’s house in Colombo

Go down  Message [Page 1 of 1]

CHRONICLE™

CHRONICLE™
Admin

Sri Lanka protests: thousands storm president’s house in Colombo Fc10
Thousands of protesters in the Sri Lankan city of Colombo have stormed the president’s residence and taken over his administrative offices amid growing calls for him to resign.

As the country continues to struggle through its worst economic crisis since independence, a large anti-government protest calling for President Gotabaya Rajapaksa to step down was arranged on Saturday, with people attending in their tens of thousands despite an ongoing fuel shortage making travel difficult.

Police used teargas and water cannon against the crowds in some places and shots were fired into the air. But as the crowds persisted and moved towards the president’s official residence, barricades were broken down and they stormed into the palatial property, many carrying Sri Lankan flags and shouting slogans.

Images from the scene showed protesters flooding up the grand staircase of the colonial-era building chanting calls for the president to go. There were scenes of merriment as some lay down on the beds and dozens jumped into the outdoor swimming pool and lay on the garden lawns.

According to the defence ministry, Rajapaksa had been relocated from the house on Friday and taken into military protection over concerns that the planned protest could escalate. His location was unknown on Saturday amid rumours he was fleeing the country.

The president’s office in Galle Face in Colombo was also taken over by thousands of demonstrators, who breached the security and barricades and stormed the building.

For months Galle Face has been the site of an anti-government protest camp, where people have been living in tents and refusing to move until Rajapaksa resigns.

At least 20 people, including police officers, were injured and hospitalised in Saturday’s protests.

Sri Lanka is continuing to struggle through a devastating crisis in which the economy has completely collapsed and the government is unable to afford to import food, fuel and medicines.

All sales of petrol have been suspended, schools have shut and medical procedures and surgeries are being delayed or cancelled over a shortage of drugs and equipment, with the UN recently warning the country is facing a humanitarian crisis.

Inflation is a record-breaking 54.6% and food prices have gone up fivefold, meaning two-thirds of the country are struggling to feed themselves.

Much of the blame and anger has been directed at the president and the Rajapaksa family, who are Sri Lanka’s most powerful political dynasty.

Mahinda Rajapaksa, a former president, was forced to step down as prime minister in May, as were three other family members who held senior cabinet posts. However, despite mass protests and enduring public calls for the president to resign, he has so far refused.

A caretaker prime minister, Ranil Wickremesinghe, was appointed in May by the president but he is also facing calls to resign over accusations that the situation has continued to worsen and he has helped prop up the Rajapaksa presidency.

After the storming of the president’s residence on Saturday, Wickremesinghe summoned an emergency meeting of all the political party leaders and called for the recalling of parliament.

https://www.theguardian.com/world/2022/jul/09/sri-lanka-protests-thousands-storm-presidents-residence-colombo

https://www.srilankachronicle.com
Share this post on: reddit

No Comment.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum