• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, August 22, 2026
  • 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
in Asia

Sri Lanka Swears new President Into Office

Maynard Championby Maynard Champion
July 21, 2022
Reading Time: 3 mins read
Add as Preferred on Google
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.

“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.

ADVERTISEMENT

‘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.

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.

ADVERTISEMENT
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.

ADVERTISEMENT

READ ALSO: Key Russian Pipeline Resumes Pumping Gas to Europe

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: Economic CrisisPresidentprotestRanil WickremesingheSri Lanka
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

download 5
Asia

Indonesia Targets Fire Starters As Smoke Chokes Borneo

August 21, 2026
download 4
Asia

US-South Korea Drill Ends Early

August 21, 2026
ASEAN To Hold Three-Way Summit With GCC And China
Asia

Malaysia Condemns Israel’s E1 Settlement Plan

August 21, 2026
download 2
Asia

USS George Washington Arrives In Middle East

August 20, 2026
ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

ADVERTISEMENT

Recent News

MMFL Pushes Mobile Money Beyond Financial Services to Prioritise Customer Well-Being

August 22, 2026
DVLA

Driving Instructors President Challenges DVLA CEO’s Comments On Training Standards

August 22, 2026
Emmanuel Kotin

Only The State Can Protect Citizens — Security Analyst

August 22, 2026
Trump Rebuffs Putin’s Offer To Aid Israel-Iran Conflict Mediation

U.S. Imposes 50% Tariffs on $20bn Worth Of Canadian Goods

August 22, 2026
United Nations

UN Harnesses AI to Tackle Global Challenges

August 22, 2026
ADVERTISEMENT
Next Post
Allianz Insurance Ghana Unveils Campaign to Reward Loyal Customers

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

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.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.