Page 22 - Economic Crisis

Sri Lankan army chief denies shoot-on-sight order at general public

Gen Shavendra Silva, while rejecting the statement, assured that the members of the armed forces would not resort to any such disgraceful acts under any circumstances

Sri Lanka gives shoot-on-sight powers to army, police after clashes kill 8

Sri Lanka's Defence Ministry on Tuesday said those found damaging public property or harming others could be shot

Sri Lanka extends curfew till Thursday as protests intensify in many areas

As the nationwide protests refuse to die down, Sri Lankan authorities have extended the curfew until 7 am on Thursday.A number of violent incidents have been reported after pro-government groups clashed with anti-government protesters on Monday, leaving eight people dead and over 200 injured.A nationwide curfew was imposed from Monday until Wednesday, which was extended by one more day.Sri Lanka's Defence Ministry on Tuesday ordered the country's armed forces to open fire on anyone looting public property or causing harm to others following a day of violent clashes.President Gotabaya Rajapaksa also urged people to remain calm, and refrain from violence and acts of revenge against others, adding that all efforts will be made to restore political stability through consensus."I appeal and urge people to remain calm & stop violence & acts of revenge against citizens, irrespective of political affiliations. All efforts will be made to restore political stability through ...

China says 'closely following' violence in Lanka; asks citizens to be alert

The Beijing-based Asian Infrastructure Investment Bank (AIIB) is reportedly considering a USD 100 million loan for Colombo

Sri Lanka: Defence ministry orders tri-forces to open fire on rioters

Sri Lanka's Ministry of Defence on Tuesday ordered the Army, the Air Force and the Navy personnel to open fire on anyone looting public property or causing harm to others amidst violent protests

Cricket Australia keeping a close watch on situation in Sri Lanka: Report

Australia are scheduled to play three T20Is, five One-day Internationals and two Tests in Sri Lanka beginning June 7, but the unrest in the county has forced CA to monitor the evolving situation

World Bank expresses grave concern over violence, crisis in Sri Lanka

The developments come even as nationwide protests against the government have intensified over the past few days resulting in an increase in clashes with the security forces deployed at protest sites

UN chief Antonio Guterres calls for dialogue to solve Sri Lanka crisis

"We continue to encourage all Sri Lankan stakeholders to find a solution to the current challenges through dialogue and with the interests of the country and the people in mind," Haq said

Sri Lanka PM Mahinda Rajapaksa steps down; MP, 4 others killed in clashes

Houses of legislator, former minister set on fire in curfew-bound nation

Sri Lanka imposes nationwide curfew; deploys army in Colombo amid protests

Curfew was imposed islandwide with immediate effect until further notice, a police spokesperson was quoted as saying by the local media.

Sri Lanka crisis: Mahinda supporters attack anti-govt protesters,16 injured

The violence occurred following reports on Monday that Mahinda Rajapksa may offer to stand down as Prime Minister, as pressure mounts on the embattled government to form an interim administration

Bangladesh extends currency swap option to boost Lanka's depleting reserves

In May 2021, Bangladesh cleared a $200 mn currency swap facility for Sri Lanka, to help boost its economy, becoming 1st South Asian country to extend crucial financial assistance to Colombo this year

Ready to make any sacrifice for people: Lankan PM amid pressure to resign

Mahinda Rajapaksa, 76, under intense pressure from within his own party to resign, was gathering his supporters to apply counterpressure not to stand down

Sri Lankan rights body summons top brass to explain reason for emergency

In a special Cabinet meeting on Friday, President Gotabaya Rajapaksa declared a state of emergency with effect from Friday midnight.

Lanka's defence ministry asks people to assist in managing economic crisis

The declaration, made in an extraordinary gazette late Friday, gives Rajapaksa sweeping powers to suspend laws, detain people and seize property

Sri Lankan govt defends imposition of emergency amid backlash from Oppn

The Sri Lankan government on Saturday defended imposing a state of emergency, saying it was required to tackle the unprecedented economic crisis plaguing the country

Sri Lanka, IMF to start next round of technical discussions amid crisis

The International Monetary Fund (IMF) announced it will begin the next round of technical discussions with Sri Lanka from May 9-23

Sri Lankan PM Rajapaksa likely to resign as economic crisis worsens

The Sri Lankan Cabinet had been informed that owing to the failure of the Prime Minister to cope with the country's ongoing economic crisis, Mahinda Rajapaksa has sought to resign from his position

President Rajapaksa under fire for imposing emergency in Sri Lanka

The state of emergency gives the police and the security forces sweeping power to arbitrarily arrest and detain people

Sri Lanka faces diesel shortage as economic crisis worsens: Minister

Sri Lanka is facing a shortage of diesel as the ongoing economic crisis worsens in the island country, Minister of Power and Energy Kanchana Wijesekera said on Thursday.