Page 12 - Economic Crisis

Sri Lanka: Speaker says options to remove Prez from office to be considered

Speaker Abeywardena said that he informed President Rajapaksa to submit his letter of resignation as soon as possible, citing that he too is under pressure

Pak may face serious economic crisis amid fast-depleting forex reserves

Increasing size of external debt servicing in each quarter indicates the government has been borrowing dollars at higher commercial rates to meet its foreign debt repayment obligations, report said.

Sri Lanka: Wickremesinghe declares nationwide curfew until Thursday morning

Protests against the economic crisis have simmered for months and came to a head last weekend when hundreds of thousands of people took over government buildings in Colombo, blaming the Rajapaksas

SL's Acting President asks Speaker to nominate PM who is acceptable to all

In a statement, the Prime Minister's Office said that Prime Minister Wickremesinghe held a meeting with the Members of the Cabinet at his office on Monday.

Lankan military calls for political resolution to maintain law and order

In a statement, Chief of Defence Staff General Shavendra Silva made "a special appeal" to people, especially the youth, to support the three forces and the police to maintain law and order in country

Lanka crisis will have 'big impact' on Chinese investments, ties: Experts

While China has so far maintained a conspicuous silence on the dramatic fall of Sri Lanka's pro-Beijing Rajapaksa brothers, some impact and repercussion will be there in coming days, say experts

Sri Lanka: State-owned TV goes off air as protesters storm building

The Sri Lanka Rupavahini Corporation (SLRC) said that its engineers have suspended their live and recorded telecasts as the corporation premises are being surrounded by protesters.

Marcos to Rajapaksa: A short guide to leaders fleeing their nations

Gotabaya Rajapaksa is not the first leader to have fled their country in the face of popular unrest. Here is a brief list mentioning some of them

Sri Lanka: President Rajapaksa will resign today as promised, says Speaker

Sri Lanka's Parliament Speaker Mahinda Yapa Abeywardena on Wednesday said President Gotabaya Rajapaksa has informed him over telephone that he will resign today as promised. Rajapaksa, 73, fled to the Maldives in the morning before he was due to officially resign after months of protests against his government's economic mismanagement that has led to severe shortages of food, fuel and other essentials in the country. Speaker Abeywardena said President Rajapaksa has telephoned him to confirm that he would be sending his resignation today as pledged. He said the vote for the new president will take place on July 20 and urged citizens to remain calm. On Saturday, Rajapaksa had announced to step down on Wednesday after thousands of protesters stormed his official residence, blaming him for the unprecedented economic crisis that has brought the country to its knees. Sri Lanka, a country of 22 million people, is under the grip of an unprecedented economic turmoil, the worst in seven ...

A brief history of the rise and fall of Sri Lanka's president Rajapaksa

Before he fled Sri Lanka on Wednesday amid a crushing economic crisis, President Gotabaya Rajapaksa was the last of six members of the country's most influential family still clinging to power

US Embassy in Colombo cancels consular services for next two days

Out of an abundance of caution, Consular is canceling our Wednesday afternoon services as well as all consular services on Thursday," the embassy tweeted

Try, try, and fly away: How Gotabaya Rajapaksa escaped from Sri Lanka

Sri Lankan President Gotabaya Rajapaksa managed to flee Sri Lanka in the early hours of July 13 and soon the government announced the imposition of an emergency in the island nation

Maldivian Parliament Speaker negotiated Lankan President's escape: Report

The Maldivian government's argument is that Rajapaksa is still the President of Sri Lanka, and that he hasn't resigned or handed over his powers to a successor

Have not yet received President's resignation: Lankan parliament speaker

Parliament Speaker Mahinda Yapa Abeywardena said has not the resignation letter of the embattled President who departed from Sri Lanka hours before he was expected to resign

Baseless and speculative: India on helping Lankan Prez flee to Maldives

The 73-year-old Sri Lankan President fled the country along with his wife and two security officers on a military jet on Wednesday

Sri Lankan President Rajapaksa flees to Maldives in military aircraft

Rajapaksa landed at the Velana International Airport in the Maldives early Wednesday

President Gotabaya Rajapaksa flees Sri Lanka amid economic crisis

The president of Sri Lanka fled the country, days after protesters stormed his home and office and the official residence of his prime minister amid a three-month economic crisis

Basil Rajapaksa tries to flee Sri Lanka, stopped from boarding flight

Sri Lanka's former finance minister Basil Rajapaksa, who is the youngest brother of President Gotabaya Rajapaksa, was stopped from boarding a flight to Dubai on Monday evening, local media reported

Sri Lanka's situation is very sensitive, very complicated: EAM Jaishankar

The Minister said New Delhi's commitment and support is for the friendly people of the island nation and it wanted to help them to go through a very difficult phase of their life.

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