Gotabaya Rajapaksa claims victory in Sri Lanka presidential election

News Network
November 17, 2019

Colombo, Nov 17: Sri Lanka's former wartime defence secretary Gotabaya Rajapaksa has been elected president, his spokesman said Sunday following a fiercely fought election seven months after terror attacks killed 269 people.

The 70-year-old retired lieutenant colonel had a 48.2 per cent share of the vote with close to three million ballots counted but results from Sinhalese-majority regions -- the Rajapaksas' core support base -- were expected to push this above 50 per cent.

"We got between 53 to 54 per cent," his spokesman Keheliya Rambukwella told news agency.

"It is a clear win. We envisaged it. We are very happy that Gota will be the next president. He will be sworn in tomorrow or the day after," Rambukwella said.

Sri Lanka's ruling party candidate Sajith Premadasa conceded the presidential poll on Sunday and congratulated his main rival, former wartime defence secretary Gotabaya Rajapaksa.

"It is my privilege to honour the decision of the people and congratulate Mr. Gotabaya Rajapaksa on his election as the seventh President of Sri Lanka," Premadasa said.

Election Commission chairman Mahinda Deshapriya said at least 80 percent of the 15.99 million eligible voters participated in Saturday's poll, which was marred by isolated violence that left several people injured.

Rajapaksa conducted a nationalist campaign with a promise of security and a vow to crush religious extremism in the Buddhist-majority country following the April 21 suicide bomb attacks blamed on a homegrown terror group.

Three luxury hotels and three churches were targeted in the coordinated bombings. ISIS too claimed responsibility for the attack which left 45 foreigners dead.

Saturday's poll was the first popularity test of the United National Party (UNP) government of Prime Minister Ranil Wickremesinghe who stepped aside and allowed his deputy Premadasa to stand in the election.

Intelligence failure

Wickremesinghe's administration faced severe criticism for failing to prevent the attacks despite prior warnings from an intelligence agency of neighbouring India, according to findings of a parliamentary investigation.

Premadasa also offered better security and a pledge to make a former war general, Sarath Fonseka, his national security chief and projected himself as a victim seeking to crush terrorism.

He is the son of assassinated ex-president Ranasinghe Premadasa who fell victim to a tamil rebel suicide bomber in May 1993.

Gotabaya is credited with directing security forces to crush Tamil rebels and end a 37-year separatist war in May 2009 during the tenure of his elder brother Mahinda, who was president from 2005 to 2015.

The Rajapaksas are adored by Sri Lanka's Sinhalese majority, as well as the powerful Buddhist clergy, for defeating Tamil Tiger separatists and ending a 37-year civil war in 2009.

But they are detested and feared by many Tamils, who make up 15 percent of the population. The conflict ended with some 40,000 Tamil civilians allegedly killed by the army.

Some in the Muslim community, who make up 10 percent of the population, are also fearful of Gotabaya becoming president, having faced days of mob violence in the wake of the April attacks.

Under his brother, Gotabaya was defence secretary and effectively ran the security forces, allegedly overseeing "death squads" that bumped off rivals, journalists and others. He denies the allegations.

During that time Sri Lanka also borrowed heavily from China for infrastructure projects and even allowed two Chinese submarines to dock in Colombo in 2014, alarming Western countries as well as India.

The projects ballooned Sri Lanka's debts and many turned into white elephants -- such as an airport in the south devoid of airlines -- mired in corruption allegations.

China also offered Sri Lanka "international diplomatic protection" against criticism for its rights record, analyst Paikiasothy Saravanamuttu told news agency.

The Rajapaksas "spent and spent without giving any consideration to how it has to be paid back".

Unlike in 2015 when there were bomb attacks and shootings, this election was relatively peaceful by the standards of Sri Lanka's fiery politics.

The only major incident was on Saturday when gunmen fired at two vehicles in a convoy of at least 100 buses taking voters from the Muslim minority to vote. Two people were injured.

After a campaign that according to the Election Commission was the worst ever for hate speech and misinformation, final results could come by later Sunday.

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Agencies
August 7,2020

Colombo, Aug 7: Sri Lankan President Gotabaya Rajapaksa's party and its allies won an overwhelming two-thirds majority in a parliament election, results showed on Friday, giving him the power to enact sweeping changes to the constitution.

The governing Sri Lanka Podujana Peramuna and its allies had won 150 seats in the 225-member parliament, according to the tally published by the election commission from Wednesday's vote.

Rajapaksa had sought a two-thirds majority in parliament to be able to restore full executive powers to the presidency, which he says are necessary to implement his agenda to make the tiny island economically and militarily secure.

He is likely to install his older brother and former President Mahinda Rajapaksa as the next prime minister. The brothers are best known for crushing the Tamil Tiger rebels fighting for a separate homeland for minority Tamils during the elder Rajapaksa's presidency in 2009.

On a congratulatory phone call from Prime Minister Narendra Modi of India, which is keen to check Chinese influence on its southern neighbour, Mahinda Rajapaksa vowed to deepen ties between the two countries.

"With the strong support of the people of Sri Lanka, I look forward to working with you closely to further enhance the long-standing cooperation between our two countries," he told Modi. "Sri Lanka and India are friends and relations."

The tourism-dependent nation of 21 million people has been struggling economically since deadly Islamist militant attacks on hotels and churches last year followed by lockdowns to slow the spread of the coronavirus. 

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News Network
July 27,2020

Tokyo, Jul 27: Gold hit an all-time high on Monday as tit-for-tat consulate closures in China and the United States rattled investors, boosting the allure of safe-haven assets, although sentiment was mixed with tech gains supporting some Asian stocks.

MSCI's ex-Japan Asia-Pacific index rose 1.3 percent as Taiwan's TSMC, Asia's third-largest company by market capitalisation, rose almost 10 percent.

The chipmaker's gains boosted other tech stocks in the region and came after rival Intel signalled it may give up manufacturing its own components due to delays in new 7-nanometer chip technology.

Also soothing sentiment, Chinese shares eked out gains after big falls late last week, with CSI300 index rising 0.5 percent.

S&P500 futures were last up 0.4 percent in choppy trade while Japan's Nikkei fell 0.5 percent, resuming trade after a long weekend and catching up with falls in global shares late last week.

Global shares had lost steam last week after Washington ordered China's consulate in Houston to close, prompting Beijing to react in kind by closing the US consulate in Chengdu.

US Secretary of State Mike Pompeo took fresh aim at China last week, saying Washington and its allies must use "more creative and assertive ways" to press the Chinese Communist Party to change its ways.

"US President (Donald) Trump used to say China's President Xi Jinping is a great leader. But now Pompeo's wording is becoming so aggressive that markets are starting to worry about further escalation," said Norihiro Fujito, chief investment strategist at Mitsubishi Securities.

Gold rose 1.0 percent to a record high of $1,920.9 per ounce, surpassing a peak touched in September 2011, as Sino-US tensions boosted the allure of safe-haven assets, especially those not tied to any specific country.

The yellow metal is also helped by aggressive monetary easing adopted by many central banks around the world since the pandemic plunged the global economy into a recession.

Some investors fret such an unprecedented level of money-printing could eventually lead to inflation.

MORE STIMULUS

Hopes of a quick US economic recovery are fading as coronavirus infections showed few signs of slowing.

That means the economy could capitulate without fresh support from the government, with some of earlier steps such as enhanced jobless benefits due to expire this month.

Investors hope US Congress will agree on a deal before its summer recess but there are some sticking points including the size of the stimulus and enhanced unemployment benefits.

US Treasury Secretary Steve Mnuchin said the package will contain extended unemployment benefits with 70 percent "wage replacement".

Democrats, who control the House of Representatives, want enhanced benefits of $600 per week to be extended and look to much bigger stimulus compared with the Republicans' $1 trillion plan.

Investors are looking to corporate earnings from around the world for hints on the pace of recovery in the global economy.

"It looks like rising coronavirus cases are starting to slow down recovery in many countries," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management.

Concerns about the US economic outlook started to weigh on the dollar, reversing its inverse correlation with the economic well-being over the past few months.

The dollar index dropped 0.3 percent to its lowest level in nearly two years.

The euro gained 0.3 percent to $1.1693, hitting a 22-month high of $1.16590 as sentiment on the common currency improved after European leaders reached a deal on a recovery fund in a major step towards more fiscal co-operation.

Against the yen, the dollar slipped 0.5 percent to 105.605 yen, a four-month low while the British pound hit a 4 1/2-month high of $1.2832.

Oil prices dipped on worries about the worsening Sino-US relations.

Brent futures fell 0.46 percent to $43.14 per barrel while US crude futures lost 0.44 percent to $41.11.

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News Network
June 16,2020

Beijing, Jun 16: The coronavirus situation in China's capital is "extremely severe", a city official warned Tuesday, as 27 new infections were reported from Beijing where a new cluster has sparked a huge trace-and-test programme.

The COVID-19 resurgence -- believed to have started at the sprawling Xinfadi wholesale food market in the capital -- has sparked alarm as China had largely brought its outbreak under control through mass testing and lockdowns imposed earlier in the year.

The new cases took the number of confirmed infections in Beijing over the past five days to 106, as authorities locked down almost 30 communities in the city and tested tens of thousands of people.

"The epidemic situation in the capital is extremely severe," Beijing city spokesman Xu Hejian warned at a press conference.

The World Health Organization had already expressed concern about the cluster, pointing to Beijing's size and connectivity.

Officials in the capital have said they will test stall owners and managers at all of the city's food markets, restaurants and government canteens.

Beijing's coronavirus testing capacity has been expanded to 90,000 a day, according to China's official news agency Xinhua.

On Tuesday, the capital's transport commission banned taxi- and ride-hailing services from driving out of the city, Xinhua reported, in another move to try and contain the new outbreak.

All indoor sports and entertainment venues in Beijing were ordered to shut on Monday, and some other cities across China warned they would quarantine those arriving from the capital.

The National Health Commission also reported four new domestic infections in Hebei province, which surrounds Beijing, and a case reported in southwestern Sichuan province was linked to the Beijing cluster.

Authorities were also racing to track people from Beijing who had travelled to other parts of China, and those who visited the capital have been encouraged to get tested.

Beijing spokesman Xu said: "High-risk people who have left Beijing must inform local authorities immediately."

Market inspections

Authorities shut down another market on Tuesday -- Tiantaohonglian in the central Xicheng district -- after one employee there was diagnosed with COVID-19, state broadcaster CCTV reported.

Seven residential estates surrounding that market were also locked down.

In total, Beijing officials said Tuesday they have disinfected 276 agricultural markets, closed 11 markets, and disinfected more than 33,000 food and beverage businesses in a bid to stamp out the new cluster.

Officials had warned Sunday that since May 30, 200,000 people had visited the Xinfadi market -- the original site of the new outbreak.

More than 8,000 workers from Xinfadi have been tested and sent to centralised quarantine facilities.

Until this recent outbreak, most of China's cases in recent months were nationals returning home as the pandemic spread to other countries.

China's Center for Disease Control and Prevention said Monday that the virus strain found in the Beijing outbreak was a "major epidemic strain in the European countries".

While the virus was detected on chopping boards used to handle imported salmon at Xinfadi, "it does not clearly or definitely indicate it's from imported seafood", Wu Zunyou, the body's chief epidemiologist, said in an interview with state broadcaster CCTV.

"Ever since new cases suddenly emerged in Beijing, we have tried to figure out the reasons for the outbreak since there were no COVID-19 cases found over the past two months," Wu Zunyou said.

"We came up with several possibilities, and the most likely one is that the carrier of the novel coronavirus comes from outside China or other parts of China and brought it here."

On Tuesday, another eight imported cases were reported.

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