Monthly Archives: August 2015

UN chief welcomes peaceful parliamentary elections in Sri Lanka

UN chief welcomes peaceful parliamentary elections in Sri Lanka

Applauding the people of Sri Lanka for their peaceful and broad-based participation in yesterday’s parliamentary elections, United Nations Secretary-General Ban Ki-moon has encouraged the new Government to make further progress on good governance, accountability and reconciliation. “The Secretary-General applauds the people of Sri Lanka for …

Prospects of Stability Bright in Sri Lanka

Prospects of Stability Bright in Sri Lanka

The Sri Lankan parliamentary elections unfolded as expected with the United National Front for Good Governance (UNFGG), led by Prime Minister Ranil Wickremesinghe, defeating the United People’s Freedom Alliance (UPFA), headed by former president Mahinda Rajapaksa. A UNFGG win was on the cards because a …

Why election verdict is good news for Sri Lanka and India

Why election verdict is good news for Sri Lanka and India

Sri Lanka’s parliamentary election result on Tuesday, which saw the victory of current incumbent Ranil Wickremesinghe and put an end to the prime ministerial hopes of Mahinda Rajapaksa, is good news both for Sri Lanka and India. Here is the context This was a complicated …

President removes partys central committee members

President removes partys central committee members

Sri Lankan President Maithripala Sirisena removed 13 members from his Sri Lanka Freedom Party (SLFP) central committee hours after a parliamentary election was concluded on Monday. The move came after speculations that some senior SLFP members may attempt to remove Sirisena from the party following the …

Former President says he hasn’t conceded defeat

Former President says he hasn’t conceded defeat

Former Sri Lankan leader Mahinda Rajapaksa said he hasn’t conceded defeat in parliamentary elections following a report saying that he had given up hopes of running the government. “Mahinda Rajapaksa hasn’t yet received official final results of #GenElecSL to accept victory or concede defeat,” said …

Ex-Sri Lanka president concedes defeat in parliamentary polls

Ex-Sri Lanka president concedes defeat in parliamentary polls

Sri Lanka’s former president Mahinda Rajapakse told AFP  on Tuesday that he had conceded defeat in parliamentary elections, but he will work as an opposition member of parliament. “My dream of becoming prime minister has faded away,” Rajapakse told AFP. “I am conceding. We have …

Shares end at 7-month high on stability hopes after polls

Shares end at 7-month high on stability hopes after polls

Sri Lankan shares closed at their highest level in seven months in a truncated session on Monday on hopes that political stability after the Aug. 17 parliamentary elections would help boost investor sentiment, brokers said. Sri Lankans went to the polls on Monday to elect …

Voting in Sri Lanka’s parliamentary election ends

Voting in Sri Lanka’s parliamentary election ends

Voting in Sri Lanka’s parliamentary elections on Monday ended after a high turnout and unmarred by serious incidents, officials said. Over 65 per cent of the registered 15 million voters turned up for one the most peaceful elections in more than a decade, officials said. Voter …

Sri Lankans’ hopes for their nation

Sri Lankans’ hopes for their nation

Sri Lankans are voting in parliamentary elections to elect the Indian Ocean republic’s 16th parliament. The parliament has 225 members, so any party or coalition must win at least 113 seats to form a government. An estimated 15 million people aged 18 or over are …

How Sri Lanka’s Election Could Impact Economy

How Sri Lanka’s Election Could Impact Economy

Lanka Rating Agency CEO and Managing Director Adrian Perera discusses the election in Sri Lanka and how the outcome could help the nation’s economy. He speaks to Bloomberg’s Shery Ahn on “Trending Business.”