The Investor Sentiment - Equity and investments forum for Sri Lankans
The Investor Sentiment - Equity and investments forum for Sri Lankans
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting
Search
Display results as :
Advanced Search
Latest topics
Tokyo CementMon Nov 23, 2020 9:42 amRajapaksap
Insider Dealings Fri Nov 20, 2020 2:30 ampjrngroup
UML United MotorsTue Nov 10, 2020 8:50 amThe Invisible
ExpolankaMon Nov 09, 2020 8:46 pmsmallville
Plantation Sector UpdatesSat Nov 07, 2020 8:15 amRajapaksap
HAYC - HaycarbFri Nov 06, 2020 12:11 pmsubash
LWL.N0000 (Lanka Walltiles PLC)Fri Oct 16, 2020 12:50 amsubash
CSE Daylight Robbery !Mon Sep 21, 2020 9:54 pmYin-Yang
Trading Journal Tue Sep 15, 2020 10:37 pmThe Invisible
AEL Access EngineeringTue Sep 15, 2020 7:24 pmsmallville
CFVF - First CapitalWed Sep 09, 2020 9:42 pmWonderer
Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Go down
The Invisible
The Invisible
Posts : 2915
Join date : 2016-11-28
Age : 41

Sri Lanka in contitutional crisis as President swears in new PM Empty Sri Lanka in contitutional crisis as President swears in new PM

on Sat Oct 27, 2018 6:45 am
Message reputation : 100% (1 vote)
ECONOMYNEXT - Sri Lanka's President Maithripala Sirisena said he had sworn in ex-President Mahinda Rajapaksa as Prime Minister and while his former coalition partner Ranil Wickremesinghe insisted he was still in office, throwing the country into a constitutional crisis.

President Sirisena said a letter had been delivered to Wickremesinghe saying he had been removed with immediate effect, as he was the person who appointed him under Article 42 (4).

Wickremesinghe had written back saying under Article 46 he is still the constitutionally appointed Prime Minister.

Wickremesinghe told media he was still in office and only parliament can decide whether he can be removed either through a no confidence motion.

Wickremesinghe insisted he had a parliamentary majority

There was no immediate reaction from Rajapaksa.

Speaker of Parliament Karu Jayasuriya said he is seeking legal advice on the unexpected situation that had arisen and he will issue a statement Saturday.

Sri Lanka Freedom Party parliamentarian Dilan Perera said Rajapaksa had enough numbers to command a majority.

At least one UNP member Ananda Aluthgamage said he will support Rajapaksa.

Finance Minister Mangala Samaraweera in a twitter.com message said that the appointment Rajapaksa as the Prime Minister was unconstitutional and illegal. "This is an anti democratic coup," he said.

Finance Minister Samaraweera is expected to present a budget to parliament on November 05. He said a request had been made to the speaker to call parliament on Sunday. (Colombo/Oct26/2018)
The Invisible
The Invisible
Posts : 2915
Join date : 2016-11-28
Age : 41

Sri Lanka in contitutional crisis as President swears in new PM Empty Re: Sri Lanka in contitutional crisis as President swears in new PM

on Sat Oct 27, 2018 6:48 am
Message reputation : 100% (1 vote)
Sri Lanka President's party leaves coalition

ECONOMYNEXT - The United National People Alliance of President Maithripala Sirisena had left the ruling coalition, a statement from his office said.

UPFA general secretary has Mahinda Amaraweera had had already informed the speaker, the statement said.
Back to top
Permissions in this forum:
You cannot reply to topics in this forum