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Sri Lanka protesters vow to continue anti-government campaign despite new PM

By Uditha Jayasinghe and Alasdair Pal COLOMBO (Reuters) - Sri Lanka's new prime minister will begin forming a unity government on Friday, but his appointment has failed to appease...
Sri Lanka protesters vow to continue anti-government campaign despite new PM © Reuters. FILE PHOTO: Ranil Wickremesinghe, newly appointed prime minister, arrives at a Buddhist temple after his swearing-in ceremony amid the country's economic crisis, in Colombo, Sri Lanka, May 12, 2022. REUTERS/Dinuka Liyanawatte/File Photo

By Uditha Jayasinghe and Alasdair Pal

COLOMBO (Reuters) - Sri Lanka's new prime minister will begin forming a unity government on Friday, but his appointment has failed to appease anti-government protesters demanding the resignation of the president for the country's disastrous economic crisis.

President Gotabaya Rajapaksa appointed veteran opposition politician Ranil Wickremesinghe as the island nation's prime minister late on Thursday after a week of violent clashes that left 9 people dead and over 300 injured.

The president's elder brother, Mahinda Rajapaksa, quit as prime minister on Monday as the violence spiralled and is in hiding in a military base.

"We will stop this struggle when our people get justice," said Chamalage Shivakumar, one of the hundreds of people who have camped out at a protest site in the main city Colombo.

"Whoever they appoint as prime minister, we will not stop this struggle until people get relief."

Wickremesinghe is the only lawmaker from his United National Party in the country's parliament and will be reliant on rival political parties to form a government. An alliance led by the Rajapaksas holds about 100 of parliament's 225 seats, while the opposition has 58 seats. The rest are independent.

Protesters said the appointment of Wickremesinghe will do little to ease the anger against the president, who they say is ultimately responsible for the worst economic crisis to hit the nation since it became independent in 1948.

Buffeted hard by the pandemic, rising oil prices and populist tax cuts by the Gotabaya brothers, Sri Lanka is critically low on foreign exchange, and rampant inflation and fuel shortages have brought thousands onto the street in a month of protests that had remained predominantly peaceful until this week.

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01-05-2024 10:45:17 (UTC+7)

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
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# So hôm qua # Chênh TG
SJC Eximbank8,300/ 8,500
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SJC 0,5c7,380/ 7,560
(0/ 0) # 550
SJC 99,99%7,370/ 7,470
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SJC 99%7,196/ 7,396
(0/ 0) # 386
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Cập nhật lúc 10:45:15 01/05/2024
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