Hundreds of small businesses are collapsing in Sri Lanka – due to the ongoing economic crisis. Getting an International Monetary Fund bailout comes with stringent conditions, including higher interest rates and subsidy cuts – making it difficult for entrepreneurs to survive. It is particularly hard for farmers and fisherman in rural areas. Al Jazeera’s Minelle Fernandez reports from Palaly, Sri Lanka. Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on Twitter https://twitter.com/AJEnglish Find us on Facebook https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ #SriLanka #SriLankaEconomicCrisis #SriLankaSmallBusinesses #InternationalMonetaryFund #SriLankaEconomy
Despite a leadership change in July, Sri Lankans are still dealing with long food and gas queues after months of protests over shortages. And amid the ongoing economic and political uncertainty, human rights groups have criticised President Ranil Wickremesinghe’s government for continuing to keep protest leaders in jail. Al Jazeera’s @MinelleFernandez reports from Colombo, Sri Lanka. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ @AljazeeraEnglish #Aljazeeraenglish #News #SriLanka #protests
Protesters in Sri Lanka’s capital Colombo continue to occupy the offices of the president and prime minister for a second consecutive day, vowing they will stay put until both officially have resigned. Determined to see the country’s top leaders step down amid an unprecedented economic crisis, thousands of people stormed the president’s residence on Saturday and later set fire to the prime minister’s house, forcing the two leaders into hiding. Prime Minister Ranil Wickremesinghe said he will leave office once a new government is in place, while Speaker of Parliament Mahinda Yapa Abeywardena said President Gotabaya Rajapaksa, 73, would step down as president on Wednesday. But protesters are refusing to […]
Sri Lanka’s President Gotabaya Rajapaksa has agreed to step down next week, an official said, after protesters stormed the presidential palace and set fire to the prime minister’s home to vent their anger over a worsening economic crisis. Parliament Speaker Mahinda Yapa Abeywardena said in a televised statement on Saturday that Rajapaksa has agreed to resign on July 13. “The decision to step down on July 13 was taken to ensure a peaceful handover of power,” Abeywardena said. “I therefore request the public to respect the law and maintain peace.” The news of president’s decision triggered an eruption of celebratory fireworks in parts of the capital, Colombo. Al Jazeera’s Minelle […]
“I don’t want anyone to starve.” As Sri Lanka runs out of fuel, its newly appointed Prime Minister has told Al Jazeera about his plans to address the economic and humanitarian crisis. Subscribe to our channel http://bit.ly/AJSubscribe Follow us on Twitter https://twitter.com/AJEnglish Find us on Facebook https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ @AljazeeraEnglish #Aljazeeraenglish #News
