Sri Lankans on edge ahead of President's promised resignation

Sri Lankans were on the edge on Tuesday as they waited whether embattled Gotabaya Rajapaksa will honour his offer to resign as president, amid signs that key members of the erstwhile powerful ruling family were attempting to flee in the face of massive public anger against them for mishandling the economy that has bankrupt the country.

Rajapaksa, whose whereabouts are not known since Friday, has informed both Speaker of Parliament Mahinda Yapa Abeywardena and Prime Minister Ranil Wickremesinghe that he will resign on July 13, days after protesters stormed his official residence in rage over the island nation's worst economic crisis.

Speaker Abeywardena is expected to publicly announce President Rajapaksa's resignation to the nation on Wednesday.

President Rajapaksa signed on Monday his resignation letter, dated for July 13, and it was later handed over to a senior government official who will give it to the Parliament Speaker, according to local media reports.

Ahead of Rajapaksa's resignation, his younger brother and ex-finance minister Basil Rajapaksa tried to leave Sri Lanka but was stopped by immigration officials at the Colombo airport.

Basil, the 71-year-old leader who is being widely held responsible for the country's worst economic crisis which has heaped misery on the people, tried to leave the country on Monday night through the VIP terminal of Colombo airport.

The Sri Lanka Immigration and Emigration Officers Association said the immigration officials objected to serving him at the VIP clearance line and even the passengers of the Emirates flight to Dubai had objected to his leaving.

Basil, a US passport holder, resigned as finance minister in early April as street protests intensified against shortages of fuel, food and other necessities and quit his seat in parliament in June.

Hours later, a petition was filed in the Supreme Court seeking an interim order restraining former prime minister Mahinda Rajapaksa and other influential officials of the Rajapaksa regime from fleeing the country without the prior approval of the apex court.

The petitioners also sought an order to take legal action against those responsible for financial irregularities and mismanagement of the Lankan economy, news portal dailymirror.lk reported.

Besides Mahinda, the petition urged travel restrictions on Basil, former Central Bank governors Ajith Nivard Cabraal and W D Lakshman, and former finance secretary S R Atygalle.

The employees of Sri Lankan Airlines withdrew from their duties from noon in a bid to prevent responsible officials involved in the country's present crisis from leaving, the Daily Mirror newspaper reported.

Meanwhile, Sri Lanka's political parties have stepped up efforts to form an all-party government and subsequently elect a new President on July 20 to prevent the bankrupt nation sliding further into anarchy.

A meeting was held between the main opposition Samagi Jana Balavegaya (SJB) and former president Maithripala Sirisena's Sri Lanka Freedom Party (SLFP).

Parties have begun campaigning for the support of possible candidates.

The SJB said they will campaign for the appointment of Sajith Premadasa as the interim President.

Premadasa said on Monday that his party was ready to lead the country at the presidential and prime ministerial level and develop the economy.

Under the Sri Lankan Constitution, if both the president and prime minister resign, the Speaker of parliament will serve as acting president for a maximum of 30 days.

The Parliament will elect a new president within 30 days from one of its members, who will hold the office for the remaining two years of the current term.

The political uncertainty prevails in Sri Lanka where the distribution of cooking gas has resumed alongside the delivery of fuel to retailers by the Indian Oil Company after a stoppage on Sunday. Long queues are still seen at fuel pumps.

The price of a 450 gram loaf of bread will be hiked by Rs 20 from midnight Wednesday while other bakery items will see a price increase of Rs 10 in crisis-hit Sri Lanka due to a spike in the cost of wheat flour, an industry association announced on Tuesday.

The decision to hike the prices was taken due to an increase in price of a kilogramme of wheat flour by Rs 32 on Monday, Sri Lanka's Daily Mirror news website quoted the All Ceylon Bakery Owners' Association President N.K. Jayawardena as saying.

The protesters continue to occupy the three main buildings in the capital, the President's House, the presidential secretariat and the prime minister's official residence, Temple Trees, calling for their resignations.

The sites have been opened for public thronging the residences since Saturday to find out as to what lies behind the most protected places in the country.

According to the Colombo Post, many valuable and ancient items, including a large stock of gifts and souvenirs, have reportedly been stolen from the sites that have served as the official residences of governors and presidents for decades.

Videos of people taking away rare artefacts have been doing rounds of social media.

Sri Lanka, a country of 22 million people, is under the grip of an unprecedented economic turmoil, the worst in seven decades, leaving millions struggling to buy food, medicine, fuel and other essentials.

Prime Minister Wickremesinghe last week said Sri Lanka is bankrupt.

The country, with an acute foreign currency crisis that resulted in foreign debt default, had announced in April that it is suspending nearly $7 billion foreign debt repayment due for this year out of about $25 billion due through 2026.

Sri Lanka's total foreign debt stands at $51 billion.