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

Friday, April 29, 2022

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.

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28-05-2022 01:08:11 (UTC+7)

EUR/USD

1.0720

-0.0004 (-0.04%)

Summary

↑ Buy

Moving Avg:

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Indicators:

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EUR/USD

1.0720

-0.0004 (-0.04%)

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↑ Buy

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Buy (12)

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Buy (7)

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GBP/USD

1.2618

+0.0024 (+0.19%)

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USD/JPY

127.08

-0.06 (-0.04%)

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Neutral

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AUD/USD

0.7149

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Sell

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USD/CAD

1.2737

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136.24

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EUR/CHF

1.0273

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Gold Futures

1,850.11

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Silver Futures

22.084

+0.119 (+0.54%)

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Copper Futures

4.3115

+0.0525 (+1.23%)

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Crude Oil WTI Futures

114.80

+0.71 (+0.62%)

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Brent Oil Futures

115.28

+1.11 (+0.97%)

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Natural Gas Futures

8.654

-0.241 (-2.71%)

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US Coffee C Futures

228.65

+2.05 (+0.90%)

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Sell (8)

Euro Stoxx 50

3,808.86

+68.55 (+1.83%)

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Buy (9)

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Buy (9)

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S&P 500

4,125.10

+67.26 (+1.66%)

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↑ Sell

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Buy (1)

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DAX

14,462.19

+230.90 (+1.62%)

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FTSE 100

7,585.46

+20.54 (+0.27%)

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Hang Seng

20,697.36

+581.16 (+2.89%)

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↑ Buy

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Indicators:

Buy (9)

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US Small Cap 2000

1,879.00

+36.15 (+1.96%)

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IBEX 35

8,933.60

+44.80 (+0.50%)

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BASF SE NA O.N.

51.110

+0.320 (+0.63%)

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Neutral

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Bayer AG NA

66.58

+0.68 (+1.03%)

Summary

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Allianz SE VNA O.N.

200.20

+1.40 (+0.70%)

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↑ Buy

Moving Avg:

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Buy (8)

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Adidas AG

179.96

+3.20 (+1.81%)

Summary

↑ Buy

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Buy (7)

Sell (1)

Deutsche Lufthansa AG

6.881

+0.031 (+0.45%)

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Sell (1)

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Sell (2)

Siemens AG Class N

121.86

+3.34 (+2.82%)

Summary

Buy

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Sell (4)

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10.392

-0.022 (-0.21%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (6)

 EUR/USD1.0720↑ Buy
 GBP/USD1.2618↑ Buy
 USD/JPY127.08Neutral
 AUD/USD0.7149Sell
 USD/CAD1.2737↑ Sell
 EUR/JPY136.24↑ Buy
 EUR/CHF1.0273Buy
 Gold1,850.11↑ Sell
 Silver22.084↑ Sell
 Copper4.3115Sell
 Crude Oil WTI114.80↑ Buy
 Brent Oil115.28↑ Buy
 Natural Gas8.654↑ Buy
 US Coffee C228.65↑ Sell
 Euro Stoxx 503,808.86↑ Buy
 S&P 5004,125.10↑ Sell
 DAX14,462.19↑ Buy
 FTSE 1007,585.46Sell
 Hang Seng20,697.36↑ Buy
 Small Cap 20001,879.00↑ Buy
 IBEX 358,933.60↑ Buy
 BASF51.110Neutral
 Bayer66.58↑ Buy
 Allianz200.20↑ Buy
 Adidas179.96↑ Buy
 Lufthansa6.881↑ Buy
 Siemens AG121.86Buy
 Deutsche Bank AG10.392↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,830/ 6,940
(0/ 0) # 1,716
SJC HCM6,855/ 6,955
(0/ 0) # 1,731
SJC Hanoi6,855/ 6,957
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SJC Danang6,855/ 6,957
(0/ 0) # 1,733
SJC Nhatrang6,855/ 6,957
(0/ 0) # 1,733
SJC Cantho6,855/ 6,957
(0/ 0) # 1,733
Cập nhật 28-05-2022 01:08:13
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ↀ Giá vàng thế giới
$1,853.45+0.540.03%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V31.25031.870
RON 95-III30.65031.260
E5 RON 92-II29.63030.220
DO 0.05S25.55026.060
DO 0,001S-V26.35026.870
Dầu hỏa 2-K24.40024.880
ↂ Giá dầu thô thế giới
WTI$114.88-0.72-0.63%
Brent$119.20-1.17-0.98%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.030,0023.340,00
EUR24.263,1125.622,23
GBP28.523,9629.740,84
JPY177,60188,03
KRW15,9119,38
Cập nhật lúc 18:54:46 27/05/2022
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