• About
  • Advertise
  • Privacy Policy
  • Contact
Monday, December 22, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Sri Lanka Swears new President Into Office

M.Cby M.C
July 21, 2022
Reading Time: 3 mins read
Ranil Wickremesinghe was sworn in as the new president of Sri Lanka by the Chief Justice in parliament

Ranil Wickremesinghe was sworn in as the new president of Sri Lanka by the Chief Justice in parliament

Sri Lanka’s Ranil Wickremesinghe has been sworn in as President, amid hopes that he will pull the country out of its economic suffering.

The 73-year-old took his oath at the tightly-guarded Parliament complex on Thursday, July 21, 2022. Mr. Wickremesinghe, the former Prime Minister, is seen as deeply unpopular with the public, but report also suggested that some protesters have said they will give him a chance.

Sri Lanka has seen months of mass unrest over an economic crisis. Many blamed the country’s standing on the Rajapaksa administration for mishandling the nation’s finances, with others seeing Mr. Wickremesinghe as also part of the problem. But there were few demonstrations on the streets the day after Mr. Wickremesinghe won the parliament vote.

RelatedPosts

India Reaches Free Trade Deal With New Zealand

Israel Approves 19 New Settlements In Occupied West Bank

Imran Khan And Wife Sentenced To 17 Years In Graft Case

“He is here – and we will see what his actions are. If we don’t get any food, any medicine, we’ll be on the streets,” one woman who had joined protests last week told reporters on Thursday, July 21, 2022.

‘Not a Friend of the Rajapaksas’

Mr. Wickremesinghe, who won a majority among lawmakers with the backing of the Rajapaksa’s ruling party, the Sri Lanka’s People’s Front (SLPP), took pains to distance himself from the old leaders.

“I am not a friend of the Rajapaksas. I am a friend of the people,” he told reporters on Wednesday, July 20, 2022, after defeating his main rival, an SLPP Member of Parliament by 134 votes to 82.

ADVERTISEMENT

On Thursday, July 21, 2022, the opposition signalled they would be willing to work with Mr Wickremesinghe. Local media is reporting that his cabinet is likely to include opposition Members of Parliament. However, many protesters have expressed despair and disappointment over a Rajapaksa-allied politician’s victory. “I am absolutely disgusted at the result… I cannot believe that 134 people – MPs that are supposed to represent the people – have completely disregarded the wants of the people,” an activist, Jeana De Zoysa expressed to the media.

Before the Current State

Now sworn in as President, Mr. Wickremesinghe is aiming to restore political stability of the country as he resumes negotiations with the International Monetary Fund for a bailout package, estimated to be about $3bn.

Sri Lanka has been wracked with protests for months because the country is bankrupt and facing acute shortages of food, fuel and other basic supplies. Tens of thousands of protesters last week, marched in the streets of Colombo (capital of Sri Lanka) calling for ex-President Gotabaya Rajapaksa and Mr. Wickremesinghe to resign.

Protesters 1
Protesters wearing and chanting ‘Ranil Go Home’ slogans at a rally in Colombo hours after his election

As a result of the unquenched protest, Mr. Rajapaksa fled the country in the early hours of July 13, 2022, after the protesters stormed and occupied his political residence. Reports circulated that he flew to the Maldives and then Singapore, from where he issued his official resignation.

However, Mr. Wickremesinghe did not resign, although he initially offered to, but instead, accepted the position of Acting President when Mr. Rajapaksa fled the country. When he assumed the job of Acting President, he ordered the military to do whatever was necessary to restore public order, following protesters storming and occupying government buildings.

He also extended a national state of emergency order this week to stamp out any flare-ups. Ranil, a former six-time Prime Minister, failed in his previous two runs for the Presidency. His victory on Wednesday, July 20, 2022, means he will serve out the rest of the presidential term until November 2024.

READ ALSO: Key Russian Pipeline Resumes Pumping Gas to Europe

Tags: Economic CrisisPresidentprotestRanil WickremesingheSri Lanka
Share2Tweet1ShareSendSend
Please login to join discussion
Previous Post

Weak Leaders Attributed To Rising Corruption In The Country

Next Post

Fires and Natural Hazards Remain Significant Loss Drivers for Insurance Companies- AGCS

Related Posts

India Asserts No US Mediation In Ceasefire With Pakistan
Asia

India Reaches Free Trade Deal With New Zealand

December 22, 2025
Israel Announces Expansion Of Settlements In Occupied West Bank
Asia

Israel Approves 19 New Settlements In Occupied West Bank

December 21, 2025
Pakistan's former Prime Minister, Imran Khan and his wife Bushra Bibi.
Asia

Imran Khan And Wife Sentenced To 17 Years In Graft Case

December 20, 2025
Ahmed al-Sharaa, Syria’s de facto leader as Trump Hints Sanctions Removal On Syria
Asia

Syria Lauds Final Repeal Of US Sanctions

December 19, 2025
Palestinian children wait to receive food from a charity kitchen in Gaza City, July 24.
Asia

IPC Reports Famine Averted in Gaza After Improved Food Access

December 19, 2025
Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim al-Thani.
Asia

Qatari Premier Calls For Urgent Progress Towards Gaza Ceasefire’s Next Phase

December 18, 2025
Mr. Maxwell Klu, Deputy CEO of Minerals Commission
Extractives/Energy

Minerals Commission Rallies Public Support to Curb Galamsey

by Bless Banir YarayeDecember 22, 2025
Risk, Governance, Capital Buffers Take Centre Stage In Sweeping Banking Reforms From 2026
Banking

Risk, Governance, Capital Buffers Take Centre Stage In Sweeping Banking Reforms From 2026

by M.CDecember 22, 2025
BoG Governor Johnson Asiama Sets 10% NPL Target for Banks by End-2026 as Confidence Returns
Banking

BoG Governor Johnson Asiama Sets 10% NPL Target for Banks by End-2026 as Confidence Returns

by M.CDecember 22, 2025
GRIDCo
Extractives/Energy

GRIDCo Begins Critical Works on 330kV Transmission Line

by Prince AgyapongDecember 22, 2025
Dr. Bansah advocates
Extractives/Energy

Ghana Not Banned Mining in Forest Reserves – Dr. Ken Bansah Insists

by Bless Banir YarayeDecember 22, 2025
Mr. Emmanuel Cherry, President of the Ghana Chamber of Construction Industry
General News

Construction Chamber Warns Road “Clean-Up” Must Not Stifle Contractor Payments

by Silas Kafui AssemDecember 22, 2025
Mr. Maxwell Klu, Deputy CEO of Minerals Commission
Risk, Governance, Capital Buffers Take Centre Stage In Sweeping Banking Reforms From 2026
BoG Governor Johnson Asiama Sets 10% NPL Target for Banks by End-2026 as Confidence Returns
GRIDCo
Dr. Bansah advocates
Mr. Emmanuel Cherry, President of the Ghana Chamber of Construction Industry

Recent News

Mr. Maxwell Klu, Deputy CEO of Minerals Commission

Minerals Commission Rallies Public Support to Curb Galamsey

December 22, 2025
Risk, Governance, Capital Buffers Take Centre Stage In Sweeping Banking Reforms From 2026

Risk, Governance, Capital Buffers Take Centre Stage In Sweeping Banking Reforms From 2026

December 22, 2025
BoG Governor Johnson Asiama Sets 10% NPL Target for Banks by End-2026 as Confidence Returns

BoG Governor Johnson Asiama Sets 10% NPL Target for Banks by End-2026 as Confidence Returns

December 22, 2025
GRIDCo

GRIDCo Begins Critical Works on 330kV Transmission Line

December 22, 2025
Dr. Bansah advocates

Ghana Not Banned Mining in Forest Reserves – Dr. Ken Bansah Insists

December 22, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address