Food Riots In Sri Lanka Turn Deadly As Protesters Beat Up Police, Burn Down Politicians’ Houses (Zero Hedge)

In Sri Lanka, protesters angry at the soaring prices of everyday commodities including food, have burned down homes belonging to 38 politicians as the crisis-hit country plunged further into chaos, with the government ordering troops to “shoot on sight.”

Police in the island nation said Tuesday that in addition to the destroyed homes, 75 others have been damaged as angry Sri Lankans continue to defy a nationwide curfew to protest against what they say is the government’s mishandling of the country’s worst economic crisis since 1948. READ MORE

Similar Posts:

• Sri Lanka’s Difficult Road Ahead (Manulife IM)
• Asia’s Ticking Debt Bomb: Sri Lanka Crisis Sounds Alarm Bells Across Region (Nikkei Asia via Sri Lanka Brief)
• There Will be a Wave of Emerging-Market Defaults, Says the Investor Who Seized One of Argentina’s Ships (MarketWatch)
• Chartbook #153: The South Asian Polycrisis (Chartbook Substack)
• Sri Lanka’s PM Describes Sri Lanka’s Crisis (@RW_UNP)
• AFC on the Road – Sri Lanka (Asia Frontier Capital)
• Sri Lanka: Presidential Election Update (Asia Frontier Capital)
• The Emerging Asia Pacific Capital Markets: Sri Lanka (CFA Institute)
• Sri Lanka’s Economy Has ‘Completely Collapsed’: PM (Zero Hedge)
• China Faces Pushback on Belt and Road Indebtedness (The Asset)
• China, IMF Bailouts for Poorer States Ease Bearish Sentiment Towards Emerging Markets (SCMP)
• Asian Frontier Markets See a Strong Rebound in August – Asia Frontier Capital (AFC) – August 2022 Update
• Southeast Asia Gains New Leverage as China and US Battle for Influence (Nikkei Asian Review)
• Frontier Markets Post-pandemic (Capital Group)
• Frontier Market ETFs Have 72% Exposure to Oil-Dependent Countries (FT Adviser)