• Security forces try to disperse university students in Colombo, Sri Lanka. EPA
    Security forces try to disperse university students in Colombo, Sri Lanka. EPA
  • Sri Lankan university monks' take part in the demonstration in Colombo. AFP
    Sri Lankan university monks' take part in the demonstration in Colombo. AFP
  • Policemen try to block Sri Lankan university students from gathering. AFP
    Policemen try to block Sri Lankan university students from gathering. AFP
  • Students clash with police. AFP
    Students clash with police. AFP
  • A number of people were arrested by the police, who carried riot shields and batons. AFP
    A number of people were arrested by the police, who carried riot shields and batons. AFP
  • Police said they used minimum force and only arrested those who attacked officers or damaged state property. AFP
    Police said they used minimum force and only arrested those who attacked officers or damaged state property. AFP
  • Police also fired teargas and water cannon at several hundred people who tried to organise a march in the centre of Colombo. AFP
    Police also fired teargas and water cannon at several hundred people who tried to organise a march in the centre of Colombo. AFP
  • Sri Lankan university students take part in a demonstration in Colombo. AFP
    Sri Lankan university students take part in a demonstration in Colombo. AFP
  • Police detain this student in Colombo. AFP
    Police detain this student in Colombo. AFP
  • A standoff between the marchers and police. AFP
    A standoff between the marchers and police. AFP
  • Buddhist monks' joined the protest. AFP
    Buddhist monks' joined the protest. AFP
  • A police officer pushes a protester. AP
    A police officer pushes a protester. AP
  • Anti-government protesters flee as police fire teargas. AP
    Anti-government protesters flee as police fire teargas. AP
  • Thursday's rally came after a period of relative calm in Sri Lanka. EPA
    Thursday's rally came after a period of relative calm in Sri Lanka. EPA
  • University students shout slogans and bang the drums. EPA
    University students shout slogans and bang the drums. EPA
  • Protesters shield themselves from water cannon. EPA
    Protesters shield themselves from water cannon. EPA

Protests erupt in Sri Lanka as government continues IMF talks


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Protests have resumed in Sri Lanka after a period of relative calm, following the government’s lifting of a state of emergency on May 21.

Hundreds of students marched in Colombo on Thursday, with police firing teargas and water cannon to disperse the crowds. A number of people were arrested by the police, who carried riot shields and batons.

A police official told AFP that Wasantha Mudalige, leader of the Inter-University Student Federation, was among six people taken into custody.

In March, at least nine people were killed and hundreds injured when mass protests gripped the country, after the government ran out of funds to pay for vital imports, while prices for essential goods soared.

Demonstrators, furious with collapsing services and fuel shortages, clashed with security forces, taking over the presidential palace and burning down the prime minister Mahinda Rajapaksa’s house, forcing him and president Gotabaya Rajapaksa to flee the country and relinquish power.

On 21 July, Parliament elected opposition politician Ranil Wickremesinghe as the new president who would rule for what remained of president Rajapaksa’s term. Mr Wickremesinghe has since attempted a national dialogue, reaching out to protesters to discuss their grievances.

Police said they used minimum force in Thursday's protest and only arrested those who attacked officers or damaged state property.

Mr Wickremesinghe announced this week that his government would not renew the state of emergency it imposed last month, after hundreds of thousands of people stormed the home of his predecessor.

The measure had been widely criticised by rights groups as a draconian limit on freedom.

Student groups have since tried to drum up support for protests against Mr Wickremesinghe, but the response has so far been muted. But a long economic recovery awaits the nation of 22 million people.

The country defaulted on its $51 billion foreign debt in mid-April and is in talks with the International Monetary Fund over a bailout.

THE BIO

Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.

Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.

Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.

Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.

 

 

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Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

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This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

Updated: August 18, 2022, 4:08 PM