Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    What Real Estate Agents Need To Know About Cognitive Impairment

    December 10, 2024

    Will 2025 finally be a ‘normal’ housing market?

    December 10, 2024

    The Customer Is Always Right, But What If They’ve Been Misinformed?

    December 10, 2024
    Facebook X (Twitter) Instagram
    Trending
    • What Real Estate Agents Need To Know About Cognitive Impairment
    • Will 2025 finally be a ‘normal’ housing market?
    • The Customer Is Always Right, But What If They’ve Been Misinformed?
    • eXp, Weichert say Gibson plaintiffs’ motion is all about attorneys’ fees
    • Americans More Optimistic Home Prices and Mortgage Rates Have Peaked
    • EasyKnock abruptly shuts down its sale-leaseback platform
    • Under-The-Radar NAR Nonprofit May Have Hidden GOP Agenda
    • NAR’s nonprofit funds conservative groups
    Facebook X (Twitter) Instagram
    Industry Movement
    • Home
    • Entertainment
    • Business
    • News
    • Real Estate
    Industry Movement
    Home»News»Anura Kumara Dissanayake leads early Sri Lanka vote count
    News

    Anura Kumara Dissanayake leads early Sri Lanka vote count

    adminBy adminSeptember 22, 2024No Comments0 Views
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    EPA Anura Kumara Dissanayake, presidential candidate and leader of opposition political party National People's Power (NPP), greets supporters during the final campaign rally for the upcoming presidential elections in Nugegoda suburb of Colombo, Sri Lanka, 18 September 2024. EPA

    Saturday’s election is widely regarded as a referendum on economic reforms meant to put the country on the road to recovery

    Anura Kumara Dissanayake, a leftist politician, is leading Sri Lanka’s presidential election.

    The election on Saturday is the first to be held since mass protests unseated the country’s leader, Gotabaya Rajapaksa, in 2022 after the country suffered its worst economic crisis.

    Dissanayake promised voters tough anti-corruption measures and good governance – messages that have resonated strongly with voters who have been clamouring for systematic change since the crisis.

    The latest results on Sunday morning showed Dissanayake had won 42% of the votes counted. A candidate needs 51% to be declared the winner.

    Opposition leader Sajith Premadasa is in second place with nearly 32% of the total vote. President Ranil Wickremesinghe, who is seeking a second term, has so far received 16% while Namal Rajapaksa, the nephew of the ousted president has got close to 3%.

    If a candidate fails to secure 51% of the votes in the first round of counting, a second round will be held to include voters’ second and third choice for president.

    All of Sri Lanka’s eight presidential elections since 1982 have seen the winner emerge during the first round of counting. This election has been described as one of the closest in the country’s history.

    Seventeen million Sri Lankans were eligible to vote on Saturday and the country’s elections commission said it was the most peaceful in the country’s history.

    Still, police announced a curfew late Saturday night citing “public safety. It was extended until noon local time (06:30 GMT).

    Although he has not yet received the required number of votes to win, Dissanayake has received messages of congratulations from supporters of his two main rivals, Wickremesinghe and Premadasa.

    Foreign Minister Ali Sabry said on X that early results clearly pointed to a victory by Dissanayake.

    “Though I heavily campaigned for President Ranil Wickremesinghe, the people of Sri Lanka have made their decision, and I fully respect their mandate for Anura Kumara Dissanayake,” he said.

    MP Harsha de Silva, who supported Premadasa, said he called Dissanayake to offer his congratulations.

    “We campaigned hard for @sajithpremadasa but it was not to be. It is now clear @anuradisanayake will be the new President of #SriLanka,” said de Silva, who represents Colombo in parliament.

    Another Premadasa supporter, Tamil National Alliance (TNA) spokesman MA Sumanthiran, said Dissanayake delivered an “impressive win” without relying on “racial or religious chauvinism”.

    Economic meltdown

    The country’s new president will be faced with the twin tasks of reviving the economy and lifting millions from crushing poverty.

    An economic meltdown fueled the “Aragalaya” (struggle) uprising that unseated Rajapaksa from the presidential palace in 2022.

    At that time, Sri Lanka’s foreign currency reserves had dried up, leaving the country unable to import essentials such as fuel. Public debt had ballooned to $83bn while inflation zoomed to 70%.

    This made basics like food and medicine unaffordable to to ordinary people.

    The country’s economic misery has been blamed on major policy errors, weak exports and years of under-taxation. This was exacerbated by the Covid-19 pandemic, which choked tourism, a key economic driver.

    But many people have also blamed corruption and mismanagement, fuelling anger against Rajapaksa and his family, who collectively ruled Sri Lanka for more than 10 years.

    EPA Vendors wait for customers at a grocery shop in Colombo, Sri Lanka, 13 September 2024.EPA

    Sri Lanka’s country’s economic misery has been blamed on major policy errors, weak exports and years of under-taxation.

    “The most serious challenge is how to restore this economy,” said Dr. Athulasiri Samarakoon, a political scientist at the Open University of Sri Lanka, told the BBC Sinhala Service.

    Duringhis term, Wickremesinghe had secured a $2.9bn lifeline from the International Monetary Fund (IMF), which is crucial to opening additional funding channels, but comes with strict economic and governance policy reforms.

    Sri Lanka is restructuring the terms of its debt payments with foreign and domestic lenders, as mandated by the IMF. The main focus has been the country’s $36bn in foreign debt, of which $7bn is owed to China, its largest bilateral creditor.

    Dissanayake has promised to develop the manufacturing, agriculture and IT sectors. He has also committed to revising tax rates and widening the tax base.

    Premadasa has also pushed for IT as well as the establishment of 25 new industrial zones. He said tourism should be supported so that it becomes the country’s top foreign currency earner.

    Wickremesinghe during the campaign said he would double tourist arrivals and establish a national wealth fund as well as new economic zones to increase growth.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    admin

    Related Posts

    US state of Alabama carries out third execution by nitrogen gas | Crime News

    November 22, 2024

    Old is gold: Why Bollywood is turning to re-releases amid string of flops | Cinema News

    November 22, 2024

    The rise and fall of Matt Gaetz in eight wild days

    November 22, 2024
    Leave A Reply Cancel Reply

    Recent Posts
    • What Real Estate Agents Need To Know About Cognitive Impairment
    • Will 2025 finally be a ‘normal’ housing market?
    • The Customer Is Always Right, But What If They’ve Been Misinformed?
    • eXp, Weichert say Gibson plaintiffs’ motion is all about attorneys’ fees
    • Americans More Optimistic Home Prices and Mortgage Rates Have Peaked
    Recent Comments
      Archives
      • December 2024
      • November 2024
      • October 2024
      • September 2024
      • August 2024
      Categories
      • Business
      • Entertainment
      • News
      • Real Estate
      Meta
      • Log in
      • Entries feed
      • Comments feed
      • WordPress.org
      Demo
      Top Posts

      How To Avoid These 12 Costly Business Traps

      November 30, 202430

      Gen Zer Won NYC Housing Lottery, Pays $1.6K Rent for Queens Apartment

      October 1, 202427

      SEC Chair Gary Gensler will step down Jan. 20, making way for Trump replacement

      November 21, 202424

      Better Pay, More Time Off: What Real Estate Agents Want This Labor Day

      August 31, 202424
      Don't Miss
      Real Estate

      What Real Estate Agents Need To Know About Cognitive Impairment

      By adminDecember 10, 20245

      Senior real estate specialist Nikki Buckelew writes that understanding cognitive impairment among seniors is about…

      Will 2025 finally be a ‘normal’ housing market?

      December 10, 2024

      The Customer Is Always Right, But What If They’ve Been Misinformed?

      December 10, 2024

      eXp, Weichert say Gibson plaintiffs’ motion is all about attorneys’ fees

      December 10, 2024
      Stay In Touch
      • Facebook
      • Twitter
      • Pinterest
      • Instagram
      • YouTube
      • Vimeo

      Subscribe to Updates

      Get the latest creative news from SmartMag about art & design.

      Demo
      Our Picks

      What Real Estate Agents Need To Know About Cognitive Impairment

      December 10, 2024

      Will 2025 finally be a ‘normal’ housing market?

      December 10, 2024

      The Customer Is Always Right, But What If They’ve Been Misinformed?

      December 10, 2024
      Most Popular

      How To Avoid These 12 Costly Business Traps

      November 30, 202430

      Gen Zer Won NYC Housing Lottery, Pays $1.6K Rent for Queens Apartment

      October 1, 202427

      SEC Chair Gary Gensler will step down Jan. 20, making way for Trump replacement

      November 21, 202424
      Legal Pages
      • About Us
      • Disclaimer
      • DMCA Notice
      • Privacy Policy

      Type above and press Enter to search. Press Esc to cancel.