Tag: Government

Sri Lanka is suffering the worst economic crisis in its history, with fuel shortages bringing the country to a standstill. Many are now convinced leaving is their only option.

President Gotabaya Rajapaksa is set to resign paving the way for Prime Minister Ranil Wickremesinghe taking over as the acting President.

Central Bank Executive Officers’ Union yesterday expressed its fullest support to the people’s movement held on 9 July against the futile regime, which should be directly responsible for destroying the Sri Lankan economy, and as promised, emphasise that the failed President and Prime Minister must bow down to the people’s verdict and vacate their offices.

The Attorney General of Sri Lanka has informed the future necessary action that should be taken in the event of the Presidency becomes vacant prior to the expiration of his term of office replying to query made by the secretary to the Prime Minister relating to this matter, PMs office announced.

Following the country’s declaration of bankruptcy recently , Sri Lanka’s president Gotabaya Rajapaksa, reportedly announced his resignation this week not long after Prime Minister Wickremesinghe announced he was stepping down, adding yet another blow to the country’s reputation while the apparel sector looks to assure buyers of its stability.