Sri Lanka's finance minister resigns a day after being sworn in | The Business Standard
Skip to main content
  • Latest
  • Epaper
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Wednesday
June 25, 2025

Sign In
Subscribe
  • Latest
  • Epaper
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
WEDNESDAY, JUNE 25, 2025
Sri Lanka's finance minister resigns a day after being sworn in

South Asia

Reuters
05 April, 2022, 01:35 pm
Last modified: 05 April, 2022, 01:43 pm

Related News

  • Sri Lanka keen to strengthen relations with Bangladesh's private sector
  • Sri Lanka seeks Bangladesh investment for pharma industry development
  • Sri Lanka train kills elephant despite new safety moves
  • Walton expands footprint in Sri Lanka
  • 21 killed as bus carrying pilgrims crashes in Sri Lanka

Sri Lanka's finance minister resigns a day after being sworn in

Reuters
05 April, 2022, 01:35 pm
Last modified: 05 April, 2022, 01:43 pm
File photo: Sri lanka flag/ Reuters
File photo: Sri lanka flag/ Reuters

Sri Lanka's Finance Minister, Ali Sabry, resigned on Tuesday a day after being sworn in, amid growing public unrest over a worsening economic crisis.

"I hereby tender my resignation from the post of Minister of Finance with immediate effect," Sabry said in a letter to the president, seen by Reuters.

President Gotabaya Rajapaksa appointed Sabry on Monday after dissolving his cabinet and dropping his brother, Basil Rajapaksa, who previously served as finance minister.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

The debt-laden country, run by Rajapaksa and members of his family since 2019, is struggling to pay for imports of fuel and other goods due to a scarcity of foreign exchange, leading to hours-long power cuts and a shortage of essentials.

Police used tear gas to disperse hundreds of protesters who gathered outside Prime Minister Mahinda Rajapaksa's private residence in Tangalle, in southern Sri Lanka. Mahinda, the president's elder brother, was away at the time in Colombo, the country's commercial capital, where peaceful protests continued into the night.

"Protesters broke through two barricades that had been placed near the residence and police had to use tear gas to move the protesters away," police spokesperson Nihal Thalduwa said.

Crowds also gathered outside the homes of six lawmakers and the party office of a former state minister spread across the country, he said.

"Police continue to provide security to the houses of parliamentarians," Thalduwa said.

After many protesters demanded the total ouster of the Rajapaksas, the president's media office said in a statement that four new ministers had been appointed "to ensure parliament and other tasks can be conducted in a lawful manner until a full Cabinet can be sworn in."

World+Biz

Sri Lanka / Sri Lanka Politics

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • A satellite view shows an overview of Fordow underground complex, after the US struck the underground nuclear facility, near Qom, Iran June 22, 2025. Photo: MAXAR TECHNOLOGIES/Handout via REUTERS
    White House rejects report saying Iran's nuclear programme survived US strikes
  • Electric power transmission pylon miniatures and Adani Green Energy logo are seen in this illustration taken, on 9 December 2022. Photo: Reuters
    Adani willing to review coal pricing if dues settled
  • Israel Chief of the General Staff, Lieutenant General Eyal Zamir. Photo: Reuters
    Israel-Iran conflict: IDF acknowledges ceasefire, says focus shifts back to Gaza

MOST VIEWED

  • M Akhtar Hossain. Photo: Collected
    Exim Bank's acting MD resigns
  • The official inauguration of Google Pay at the Westin Dhaka in the capital's Gulshan area on 24 June 2025. Photo: Courtesy
    Google Pay launched in Bangladesh for the first time
  • US dollar banknotes are seen in this illustration taken May 4, 2025. Photo: REUTERS/Dado Ruvic/Illustration
    Foreign exchange reserve crosses $21b
  • ‘Congratulations world, it’s time for peace’: Trump thanks Iran for ‘early notice’ on attacks
    ‘Congratulations world, it’s time for peace’: Trump thanks Iran for ‘early notice’ on attacks
  • Busbar malfunction caused sudden blackout in parts of Dhaka last night: Power Grid Bangladesh
    Busbar malfunction caused sudden blackout in parts of Dhaka last night: Power Grid Bangladesh
  • Illustration: Ashrafun Naher Ananna/TBS Creative
    How IMF sees Bangladesh's economy for FY25 and FY26

Related News

  • Sri Lanka keen to strengthen relations with Bangladesh's private sector
  • Sri Lanka seeks Bangladesh investment for pharma industry development
  • Sri Lanka train kills elephant despite new safety moves
  • Walton expands footprint in Sri Lanka
  • 21 killed as bus carrying pilgrims crashes in Sri Lanka

Features

More than half of Dhaka’s street children sleep in slums, with others scattered in terminals, parks, stations, or pavements. Photo: Syed Zakir Hossain

No homes, no hope: The lives of Dhaka’s ‘floating population’

10h | Panorama
The HerWILL mentorship programme - Cohort 01: A rarity in reach and depth

The HerWILL mentorship programme - Cohort 01: A rarity in reach and depth

2d | Features
Graphics: TBS

Who are the Boinggas?

2d | Panorama
PHOTO: Akif Hamid

Honda City e:HEV debuts in Bangladesh

2d | Wheels

More Videos from TBS

Trump is extremely angry with Netanyahu

Trump is extremely angry with Netanyahu

9h | TBS World
What does the US Constitution say about military operations?

What does the US Constitution say about military operations?

10h | TBS World
July Mancha demands speedy implementation of July Charter

July Mancha demands speedy implementation of July Charter

11h | TBS Today
'July warriors' to receive monthly allowance, martyrs' families to receive priority in government jobs

'July warriors' to receive monthly allowance, martyrs' families to receive priority in government jobs

11h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net