Sri Lankan police have lifted a curfew hours after protests in which dozens of people were arrested and several policemen were hurt near the home of the president.
Hundreds gathered near President Gotabaya Rajapaksa's residence in a Colombo suburb on Thursday evening to protest against his handling of the country's worst economic crisis in decades.
Police dispersed crowds with tear gas and water cannon, a Reuters witness said.
“We have arrested 54 people over the unrest last night. Several vehicles belonging to the army and police were burnt by the protesters, including two buses, one police jeep and several motorcycles,” a police spokesman, Senior Supt Nihal Thalduwa, told Reuters.
The island nation of 22 million people is in the midst of its worst economic crisis in years and has had to endure rolling power cuts for up to 13 hours a day because the government does not have enough foreign exchange to pay for fuel imports.
Five policemen were wounded and in hospital, Senior Supt Thalduwa said. There were no reports of protesters being wounded.
“The main issue Sri Lanka is facing is a forex [foreign currency] shortage and protests of this nature will hurt tourism and have economic consequences,” Sri Lanka's Tourism Minister Prasanna Ranatunga told a press conference on Friday.
“Our stance is that people have the right to protest but it should be constructive. What happened yesterday was the opposite.”
Streets in the capital were quiet on Friday morning. Police combed through the burnt shells of two buses near Rajapaksa's home, a Reuters witness said.
Trading on the country's stock market was suspended for the third day in a row after the main blue-chip index fell by 10 per cent from the previous close.
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
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Tuesday March 15, v PNG at Sharjah Cricket Stadium
Friday March 18, v Nepal at Dubai International Stadium
Saturday March 19, v PNG at Dubai International Stadium
Monday March 21, v Nepal at Dubai International Stadium
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Disability on screen
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Rosewood and Transparent — heart issues
24: Legacy — PTSD;
Superstore and NCIS: New Orleans — wheelchair-bound
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UAE currency: the story behind the money in your pockets
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Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
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Founders: Michele Ferrario, Nino Ulsamer and Freddy Lim
Started: established in 2016 and launched in July 2017
Based: Singapore, with offices in the UAE, Malaysia, Hong Kong, Thailand
Sector: FinTech, wealth management
Initial investment: $500,000 in seed round 1 in 2016; $2.2m in seed round 2 in 2017; $5m in series A round in 2018; $12m in series B round in 2019; $16m in series C round in 2020 and $25m in series D round in 2021
Current staff: more than 160 employees
Stage: series D
Investors: EightRoads Ventures, Square Peg Capital, Sequoia Capital India