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Sri Lanka President to swear in new cabinet amid crisis EmptyToday at 8:29 am by yellow knife

» What's going to happen
Sri Lanka President to swear in new cabinet amid crisis EmptyToday at 6:26 am by serene

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Sri Lanka President to swear in new cabinet amid crisis EmptyYesterday at 8:22 pm by ruwan326

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» විද්‍යාව මිස්ගේ පාඩම...
Sri Lanka President to swear in new cabinet amid crisis EmptyWed Jul 17, 2019 7:27 am by sanjulanka

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Sri Lanka President to swear in new cabinet amid crisis EmptyTue Jul 16, 2019 11:50 pm by pathfinder

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Sri Lanka President to swear in new cabinet amid crisis EmptyTue Jul 16, 2019 8:08 pm by Rana

» Access Engineering AEL Technical Analysis
Sri Lanka President to swear in new cabinet amid crisis EmptyMon Jul 15, 2019 3:07 pm by NIRMALSG

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Sri Lanka President to swear in new cabinet amid crisis EmptySun Jul 14, 2019 8:57 am by NIRMALSG

» Cricket, meet Capitalism
Sri Lanka President to swear in new cabinet amid crisis EmptyFri Jul 12, 2019 1:24 pm by කිත්සිරි ද සිල්වා

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Sri Lanka President to swear in new cabinet amid crisis EmptyThu Jul 11, 2019 11:27 am by Ethical Trader

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Sri Lanka President to swear in new cabinet amid crisis EmptyTue Jul 09, 2019 6:25 pm by serene

» Stock Market to stay Bullish
Sri Lanka President to swear in new cabinet amid crisis EmptyMon Jul 08, 2019 7:51 am by කිත්සිරි ද සිල්වා

» Is an emoji a word or a gesture?
Sri Lanka President to swear in new cabinet amid crisis EmptyMon Jul 08, 2019 7:46 am by කිත්සිරි ද සිල්වා

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Sri Lanka President to swear in new cabinet amid crisis EmptySun Jul 07, 2019 12:25 pm by dhanurrox

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Sri Lanka President to swear in new cabinet amid crisis EmptyWed Jul 03, 2019 10:07 pm by ruwan326

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Sri Lanka President to swear in new cabinet amid crisis EmptyThu Jun 27, 2019 8:27 pm by ruwan326

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Sri Lanka President to swear in new cabinet amid crisis EmptyTue Jun 25, 2019 5:28 pm by කිත්සිරි ද සිල්වා

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Sri Lanka President to swear in new cabinet amid crisis EmptyMon Jun 24, 2019 2:22 pm by කිත්සිරි ද සිල්වා

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Sri Lanka President to swear in new cabinet amid crisis EmptySun Jun 16, 2019 7:12 am by NIRMALSG

» Re: Financial reports Q1-2019
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Sri Lanka President to swear in new cabinet amid crisis

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Sri Lanka President to swear in new cabinet amid crisis Empty Sri Lanka President to swear in new cabinet amid crisis

Post by The Invisible on Mon Oct 29, 2018 10:12 am

ECONOMYNEXT - Sri Lanka's President Maithripala Sirisena is to swear in a new cabinet on Monday, amid a growing political crisis after Mahinda Rajapaksa was appointed Prime Minister.

A standoff has developed after incumbent Ranil Wickremesinghe said he cannot be removed under the constitution and he has the support of a majority of members in parliament.

India, the US, EU has called for democracy and the constitution to be respected. China met both Rajapasksa and Wickremesinghe.

President Maithripala Sirisena in a speech Sunday evening said he sacked Wickremesinghe because he could no longer work with him and there was a policy and cultural gulf between them. He insisted that legal experts had told him the action was within the constitution.

Sri Lanka's financial markets are opening Monday for the first time, after the crisis began.

On Fridays stocks surged 1.1 percent ahead of the crisis. The rupee has been under pressure for some time due to contradictory policy involving a reserve collecting peg and rate cuts. (Colombo/Oct29/2018)
The Invisible
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