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
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)
- Posts : 1411
Join date : 2016-11-28
Age : 40