Economic news

Sri Lanka teachers, bank workers join mass walkout over economic crisis

2022.04.28 13:08

5/5
Sri Lanka teachers, bank workers join mass walkout over economic crisis
Trade unions protest during a nationwide strike demanding the resignation of President Gotabaya Rakapaksa and his cabinet, blaming them for creating the country’s worst economic crisis in decades, in front of the Presidential Secretariat in Colombo, Sri L

2/5

By Uditha Jayasinghe and Alasdair Pal

COLOMBO (Reuters) – Many schools in Colombo were shut and several train stations deserted on Thursday as teachers and train drivers joined mass walkouts demanding President Gotabaya Rajapaksa’s government quit over Sri Lanka’s worst financial crisis in decades.

Hundreds of employees from Sri Lankan state-run banks, most wearing black and carrying black flags, also joined other bank trade unions in a protest march to the president’s office as thousands of people took to the streets around the country.

The pandemic, rising oil prices, populist tax cuts and rapidly dwindling foreign currency reserves have left Sri Lanka without enough dollars to pay for vital imports of fuel, food and medicine. Sometimes violent street demonstrations have erupted this month as shortages and power cuts became acute.

“This government has ruined our country. Costs are increasing every day, businesses are closing, and people have no way to live. There is no fuel, when we go home there is no electricity and no cooking gas to make meals,” said Samanthi Ekanayake, 34 who works as a teller at a state-run bank.

“We are tired of broken promises.”

The country’s trade union leaders have threatened an ongoing strike from May 6 if the president and the government do not resign.  

Rajapaksa this week reiterated his willingness to form an interim government with a new prime minister and cabinet. However, Prime Minister Mahinda Rajapaksa, who is his elder brother, has declined to step down and insisted he continues to have a majority in the 225-member parliament.

Meanwhile, two Opposition parties, the Samagi Jana Balawegaya (SJB) and the Tamil National Alliance (TNA) have started the process to bring no-confidence motions against the president and prime minister in parliament.

“Political instability will only make it more difficult to provide solutions to the financial crisis. So it is imperative a strong government with a clear majority is established in parliament and the government is working towards this goal,” Cabinet spokesman Nalaka Godahewa said. 

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 97,732.19 0.66%
ethereum
Ethereum (ETH) $ 3,353.23 2.19%
tether
Tether (USDT) $ 1.00 0.03%
solana
Solana (SOL) $ 251.11 2.75%
bnb
BNB (BNB) $ 657.45 0.23%
xrp
XRP (XRP) $ 1.39 5.85%
dogecoin
Dogecoin (DOGE) $ 0.42075 4.95%
usd-coin
USDC (USDC) $ 0.999963 0.01%
cardano
Cardano (ADA) $ 1.00 7.23%
staked-ether
Lido Staked Ether (STETH) $ 3,351.04 2.29%
tron
TRON (TRX) $ 0.208449 3.21%
avalanche-2
Avalanche (AVAX) $ 40.91 4.02%
the-open-network
Toncoin (TON) $ 6.08 5.29%
stellar
Stellar (XLM) $ 0.513191 16.29%
shiba-inu
Shiba Inu (SHIB) $ 0.000025 6.65%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,971.52 2.15%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,532.13 0.72%
polkadot
Polkadot (DOT) $ 8.64 8.21%
chainlink
Chainlink (LINK) $ 17.58 2.29%
bitcoin-cash
Bitcoin Cash (BCH) $ 508.22 1.91%
weth
WETH (WETH) $ 3,353.72 2.14%
sui
Sui (SUI) $ 3.34 4.95%
pepe
Pepe (PEPE) $ 0.00002 4.40%
near
NEAR Protocol (NEAR) $ 6.84 6.64%
leo-token
LEO Token (LEO) $ 8.63 0.14%
litecoin
Litecoin (LTC) $ 96.13 5.88%
uniswap
Uniswap (UNI) $ 10.83 0.85%
aptos
Aptos (APT) $ 12.18 7.65%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,533.26 2.35%
hedera-hashgraph
Hedera (HBAR) $ 0.140393 9.96%
internet-computer
Internet Computer (ICP) $ 11.27 5.60%
usds
USDS (USDS) $ 0.999674 0.07%
crypto-com-chain
Cronos (CRO) $ 0.18506 7.92%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.556105 5.80%
ethereum-classic
Ethereum Classic (ETC) $ 28.40 6.19%
render-token
Render (RENDER) $ 7.95 0.10%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.51 2.37%
bittensor
Bittensor (TAO) $ 526.80 2.02%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.08%
kaspa
Kaspa (KAS) $ 0.151238 3.01%
whitebit
WhiteBIT Coin (WBT) $ 24.41 1.47%
blockstack
Stacks (STX) $ 2.32 9.80%
dai
Dai (DAI) $ 0.999823 0.00%
arbitrum
Arbitrum (ARB) $ 0.841977 5.29%
bonk
Bonk (BONK) $ 0.000046 6.19%
vechain
VeChain (VET) $ 0.042334 4.45%
filecoin
Filecoin (FIL) $ 5.54 7.88%
cosmos
Cosmos Hub (ATOM) $ 8.44 9.82%
okb
OKB (OKB) $ 54.77 6.15%
celestia
Celestia (TIA) $ 7.58 0.85%