AGL 39.93 Decreased By ▼ -0.07 (-0.18%)
AIRLINK 128.75 Decreased By ▼ -0.31 (-0.24%)
BOP 6.82 Increased By ▲ 0.07 (1.04%)
CNERGY 4.70 Increased By ▲ 0.21 (4.68%)
DCL 8.43 Decreased By ▼ -0.12 (-1.4%)
DFML 41.09 Increased By ▲ 0.27 (0.66%)
DGKC 82.60 Increased By ▲ 1.64 (2.03%)
FCCL 33.02 Increased By ▲ 0.25 (0.76%)
FFBL 73.90 Decreased By ▼ -0.53 (-0.71%)
FFL 11.86 Increased By ▲ 0.12 (1.02%)
HUBC 110.75 Increased By ▲ 1.17 (1.07%)
HUMNL 14.30 Increased By ▲ 0.55 (4%)
KEL 5.21 Decreased By ▼ -0.10 (-1.88%)
KOSM 7.52 Decreased By ▼ -0.20 (-2.59%)
MLCF 39.00 Increased By ▲ 0.40 (1.04%)
NBP 63.78 Increased By ▲ 0.27 (0.43%)
OGDC 193.20 Decreased By ▼ -1.49 (-0.77%)
PAEL 25.40 Decreased By ▼ -0.31 (-1.21%)
PIBTL 7.34 Decreased By ▼ -0.05 (-0.68%)
PPL 153.50 Decreased By ▼ -1.95 (-1.25%)
PRL 25.79 No Change ▼ 0.00 (0%)
PTC 17.49 Decreased By ▼ -0.01 (-0.06%)
SEARL 81.25 Increased By ▲ 2.60 (3.31%)
TELE 7.65 Decreased By ▼ -0.21 (-2.67%)
TOMCL 33.48 Decreased By ▼ -0.25 (-0.74%)
TPLP 8.53 Increased By ▲ 0.13 (1.55%)
TREET 16.49 Increased By ▲ 0.22 (1.35%)
TRG 56.76 Decreased By ▼ -1.46 (-2.51%)
UNITY 27.55 Increased By ▲ 0.06 (0.22%)
WTL 1.36 Decreased By ▼ -0.03 (-2.16%)
BR100 10,514 Increased By 69.1 (0.66%)
BR30 31,171 Decreased By -18.1 (-0.06%)
KSE100 98,283 Increased By 484.8 (0.5%)
KSE30 30,667 Increased By 186.2 (0.61%)

COLOMBO: Police fired tear gas to disperse thousands of students trying to storm the Sri Lankan president’s home Sunday as the government offered an olive branch to demonstrators demanding his resignation.

Anti-riot squads used water cannon followed by tear gas, as protesters pulled down yellow iron barricades across a road leading to President Gotabaya Rajapaksa’s official residence in Colombo.

Nearby, thousands of men and women demonstrated for the 51st straight day outside Rajapaksa’s seafront office on Sunday, demanding that he step down over the country’s worst economic crisis since independence.

Prime Minister Ranil Wickremesinghe went on national television on Sunday evening offering young protesters a greater say in how the country is administered.

“The youth are calling for a change in the existing system,” Wickremesinghe said, laying out plans for 15 committees that would work with parliament to decide national policies.

Bankrupt Sri Lanka takes Russia oil as fuel crisis persists

“I propose to appoint four youth representatives to each of the 15 committees,” he said, adding that they could be drawn from the current protestors.

Wickremesinghe is not from Rajapaksa’s party, but was given the job after the president’s elder brother Mahinda resigned as prime minister on May 9 after weeks of protests, when no other legislator agreed to step in.

Wickremesinghe is the sole parliamentary representative of the United National Party, a once-powerful political force that was nearly wiped out in Sri Lanka’s last elections.

Rajapaksa’s party, which has a majority in the legislature, has offered to provide him with the necessary support to run a government.

Sunday’s student action came a day after a similar clash when protesters tried to storm Rajapaksa’s heavily guarded colonial-era official residence, where he has bunkered down since thousands surrounded his private home on March 31.

An unprecedented shortage of foreign exchange to import even the most essential supplies, including food, fuel and medicines, has led to severe hardships for the country’s 22-million population.

The government last month asked the IMF for urgent financial assistance and talks are still underway.

The country has also defaulted on its $51-billion foreign debt.

Its currency has depreciated by 44.2 percent against the US dollar this year, while inflation hit a record 33.8 percent last month.

Comments

Comments are closed.