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
Former strongman Mahinda Rajapakse, who was named head of government by the president on Friday, gave four legislators from rival Ranil Wickremesinghe's party ministerial portfolios after persuading them to defect on Monday.
Wickremesinghe, who has remained in the prime minister's residence since he was sacked on Friday, has in turn convinced two lawmakers from President Maithripala Sirisena's camp to join his United National Party.
Following the defections, Wickremesinghe has 105 MPs in the 225-seat chamber while Rajapakse and Sirisena together have 98. A majority of the 22 remaining MPs are expected to back Wickremesinghe in any vote but the horse-trading is sure to intensify, observers said.
A deputy minister in Wickremesinghe’s administration, Ranjan Ramanayake, accused China of funding Rajapakse’s buying of legislators.
“I am telling China not to spend their millions to buy MPs in Sri Lanka. They want to buy the country wholesale," he said.
Rajapakse led a pro-China policy during his 10 years as president up to 2015. But the claim was denied by the Chinese embassy in Colombo.
"Recent allegations about China by MP Ranjan Ramanayake are groundless and irresponsible," said an embassy statement to AFP.
"It is a matter of internal affairs, and China has consistently supported the principle of non-interference in other country's internal affairs."
Despite calls by Wickremesinghe, the United States and other countries for parliament to be called to end the crisis, Sirisena showed no sign of lifting his suspension of parliament meetings which runs until November 16.
Wickremesinghe's finance minister Mangala Samaraweera said the president is trying to buy time to secure votes in the legislature to back Rajapakse as prime minister.
"If he (the president) has the majority there is no need to keep parliament shut. He wants to buy time to do some horse deals," Samaraweera said.
Parliament speaker Karu Jayasuriya, who on Monday warned of a "bloodbath" unless the assembly is allowed to vote for Wickremesighe or Rajapakse, is to meet with political party leaders on Tuesday.
Sirisena appointed a 12-member cabinet late Monday giving the powerful finance portfolio to Rajapakse. Aides said the cabinet will be expanded to 30 members on Tuesday.
Rajapakse -- whose rule was marked by grave allegations of rights abuses and authoritarianism -- said he was given the job because his predecessor's party "engaged in a quest to sell off valuable state assets and enterprises to foreign companies".
"I was aware that at this moment of national peril, the people expected our leadership and protection," Rajapakse said after the cabinet was named. "Hence, I accepted the invitation."
- Posts : 1728
Join date : 2016-11-28
Age : 40