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The ongoing economic crisis, the worst Sri Lanka has ever seen in its post-independence history, would test the country’s largest banks’ resilience, as Fitch Ratings on Monday said their asset quality, earnings, capitalisation and liquidity could come under tremendous pressure, when the operating conditions deteriorate.
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A T-56 firearm and two magazines containing 60 rounds of live ammunition, which were in the possession of a soldier during unrest near Parliament last night, were stolen by the protesters, police said.
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Despite the current leadership vacuum in the country, a reputed economist remains optimistic of the prospects of Sri Lanka securing a rescue package from the International Monetary Fund (IMF) by September-October and following a staff-level agreement expected in about three weeks.
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Ukrainian President Volodymyr Zelensky blamed Russia for causing the ongoing crisis in Sri Lanka as he pointed out that blocking of food products during the invasion of Ukraine has resulted in unrest all around the world.
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All parties should take immediate action to find solutions in a democratic manner respecting the constitution and maintaining law and order, the Association of Medical Administrators (AMA) said.
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The Gazette Extraordinary has been issued by President Gotabaya Rajapaksa, appointing Prime Minister Ranil Wickremesinghe to exercise, perform & discharge the powers, duties & functions of the Office of President with effect from July 13, 2022.
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The Church of Ceylon called for responsible conduct from all those who are wielding powers, the youth who are seeking change and the security forces and police who are expected to maintain the peace to exercise discernment and restraint at this crucial time.
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While claiming that they were deeply disturbed at the occupation of the Prime Minister’s Office at Flower Road by protesting crowds, the Bar Association of Sri Lanka (BASL) called upon the protesters to return the said premises to the authorities immediately.
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The Chief of Defence Staff General Shavendra Silva requested people to cooperate with tri-forces and police to maintain law and order during the period between the resignation of the President and the appointment of a new President.
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A committee, comprising of Chief of Defence Staff, Tri force Commanders and IGP ,had been appointed to ensure the security and the safety of the citizens and to restore law and order in the country, Acting President Ranil Wickremesinghe announced.