Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Sri Lanka lifts curfew after violent protests over economic crisis

Published 04/01/2022, 12:47 AM
Updated 04/01/2022, 06:36 AM
© Reuters. FILE PHOTO: Demonstrators move away from tear gas used by the police near Sri Lankan President Gotabaya Rajapaksa's residence during a protest against him as many parts of the crisis-hit country faced up to 13 hours without electricity due to a shortage o

By Uditha Jayasinghe and Dinuka Liyanawatte

COLOMBO (Reuters) - Police in Sri Lanka's capital lifted a curfew on Friday after protests in which dozens of people were arrested and injured near the home of President Gotabaya Rajapaksa over his handling of an economic crisis.

Hundreds of protesters gathered near Rajapaksa's residence in a Colombo suburb late on Thursday before police moved in to disperse them with tear gas and water cannons.

Rajapaksa's media division said in a statement a small group of people carrying iron bars, clubs and sticks had provoked the protesters, the majority of whom were unarmed.

"We respect the people’s right to protest and that will be protected but they cannot harm any public property,” said police spokesman Ajith Rohana.

"The 53 people arrested will be presented to court.”

The island nation of 22 million people is in the midst of its worst economic crisis in years with rolling blackouts for up to 13 hours a day because the government does not have enough foreign exchange to pay for fuel imports.

Protesters torched several police and army vehicles during the disturbance, including two buses, a jeep and several motorcycles, Rohana said.

A total of 24 police were injured, nine of whom remained in hospital, Rohana said.

Police did not confirm the number of protesters injured. Sources at two hospitals in Colombo said 20 to 25 people had been admitted, some of whom remained.

Streets in the capital were quiet on Friday morning as police combed through the wreckage of two burnt-out buses near Rajapaksa's home, a Reuters witness said.

Tourism minister Prasanna Ranatunge said such protests would harm economic prospects.

"The main issue Sri Lanka is facing is a forex shortage and protests of this nature will hurt tourism and have economic consequences," Ranatunge told a news conference.

"Our stance is that people have the right to protest but it should be constructive. What happened yesterday was the opposite."

The U.N. representative in the country, Hanaa Singer-Hamdy, called for restraint from all groups involved in the clashes.

© Reuters. Sri Lanka's Prime Minister Mahinda Rajapaksa arrives at his brother President Gotabaya Rajapaksa's residence, while a damaged bus is seen in the background after it was set on fire by demonstrators at the top of the road to Sri Lankan President's residence during a protest against him as many parts of the crisis-hit country face up to 13 hours without electricity due to a shortage of foreign currency to import fuel, in Colombo, Sri Lanka April 1, 2022. REUTERS/Dinuka Liyanawatte

"We are monitoring developments and are concerned by reports of violence," she said on Twitter (NYSE:TWTR).

Trading on the country's stock market was suspended for a third day in a row after the main blue-chip index fell 10% from the previous close.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.