Sri Lanka's Prime Minister Ranil Wickremesinghe has delivered a televised address ordering the military to “do whatever is necessary to restore order” after thousands of protesters stormed his office on Wednesday.
Mr Wickremesinghe told protesters to leave his office and other state buildings and co-operate with authorities.
“We can't tear up our constitution,” he said. “We can't allow fascists to take over. We must end this fascist threat to democracy.”
Mr Wickremesinghe's speech came on the day he was named acting president, hours after incumbent Gotabaya Rajapaksa fled the bankrupt country in an air force jet.
Witnesses said protesters who stormed Mr Wickremesinghe's office had breached military defences. It was unclear on Wednesday evening whether security forces would use live ammunition on protesters, as has been the case since May when the army were given orders to use any means necessary to stop rioting. Almost 30 protesters were shot in a single incident on April 22 — one fatally — the first of several shootings since protests began.
The UN has warned Sri Lankan authorities to refrain from deadly force, while the police say they have tried to use water canons and tear gas to protect property.
But on Wednesday evening, Sri Lanka's defence chief, General Shavendra Silva, said the armed forces and police would respect the constitution, and called for calm.
“We have requested political leaders to decide the way forward till a new president is sworn in and notify us and the public by this evening,” he said.
People stood on chairs and desks waving Sri Lankan flags, chanting “that's what we said, don’t mess with us”, the BBC reported from inside Mr Wickremesinghe's office.
Police and troops had failed to hold back crowds despite firing tear gas and water cannon, AFP reported.
Sri Lanka’s state broadcaster Rupavahini went off air after being seized by protesters in Colombo, Bloomberg reported.
At about 1.02pm local time, shortly after the protester-imposed deadline lapsed for Mr Rajapaksa to submit his resignation, Rupavahini showed images of one of its presenters introducing two protesters.
Shortly afterwards, the channel played the national anthem and went off air.
“We have not cast a stone at Rupavahini,” one protester said.
“We only ask that you join the people in our struggle rather than taking the side of the government in power. We thank the staff of Rupavahini for assisting us.”
Protesters captured the broadcaster after an announcement that Mr Wickremesinghe, who is also being asked to resign, will be acting president after Mr Rajapaksa fled.
Some local media reports cited unnamed Rupavahini officials as saying engineers shut down the broadcast after protesters stormed the building.
Sri Lanka's Information Ministry has not responded to requests for comment, Bloomberg reported.
Protests were widespread in Colombo on Wednesday. Tear gas was fired and barricades were set up in parts of the capital.
The country’s economy has been wrecked by a combination of mismanagement, a slump in tourism due to the pandemic and a surge in import costs related to the war in Ukraine.
COMPANY PROFILE
Company name: BorrowMe (BorrowMe.com)
Date started: August 2021
Founder: Nour Sabri
Based: Dubai, UAE
Sector: E-commerce / Marketplace
Size: Two employees
Funding stage: Seed investment
Initial investment: $200,000
Investors: Amr Manaa (director, PwC Middle East)
Uefa Champions League last 16 draw
Juventus v Tottenham Hotspur
Basel v Manchester City
Sevilla v Manchester United
Porto v Liverpool
Real Madrid v Paris Saint-Germain
Shakhtar Donetsk v Roma
Chelsea v Barcelona
Bayern Munich v Besiktas
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
The%20Specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E3.6-litre%20twin%20turbocharged%20V6%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E10-speed%20automatic%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20472hp%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20603Nm%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh290%2C000%20(%2478%2C9500)%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20now%3C%2Fp%3E%0A
Results:
Men's 100m T34: 1. Walid Ktila (TUN) 15 sec; 2. Rheed McCracken (AUS) 15.40; 3. Mohammed Al Hammadi (UAE) 15.75. Men's 400m T34: 1. Walid Ktila (TUN) 50.56; 2. Mohammed Al Hammadi (UAE) 50.94; 3. Henry Manni (FIN) 52.24.
UAE currency: the story behind the money in your pockets
West Asia Premiership
Dubai Hurricanes 58-10 Dubai Knights Eagles
Dubai Tigers 5-39 Bahrain
Jebel Ali Dragons 16-56 Abu Dhabi Harlequins
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Infobox
Western Region Asia Cup Qualifier, Al Amerat, Oman
The two finalists advance to the next stage of qualifying, in Malaysia in August
Results
UAE beat Iran by 10 wickets
Kuwait beat Saudi Arabia by eight wickets
Oman beat Bahrain by nine wickets
Qatar beat Maldives by 106 runs
Monday fixtures
UAE v Kuwait, Iran v Saudi Arabia, Oman v Qatar, Maldives v Bahrain
Sweet%20Tooth
%3Cp%3E%3Cstrong%3ECreator%3A%20%3C%2Fstrong%3EJim%20Mickle%3Cbr%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EChristian%20Convery%2C%20Nonso%20Anozie%2C%20Adeel%20Akhtar%2C%20Stefania%20LaVie%20Owen%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2.5%2F5%3C%2Fp%3E%0A