The Investor Sentiment - Equity and investments forum for Sri Lankans



Join the forum, it's quick and easy

The Investor Sentiment - Equity and investments forum for Sri Lankans

The Investor Sentiment - Equity and investments forum for Sri Lankans

Would you like to react to this message? Create an account in a few clicks or log in to continue.
The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting

Latest topics

» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
Sunday Observer readable again EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
Sunday Observer readable again EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Sunday Observer readable again EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Sunday Observer readable again EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Sunday Observer readable again EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Sunday Observer readable again EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Sunday Observer readable again EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Sunday Observer readable again EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
Sunday Observer readable again EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Sunday Observer readable again EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Sunday Observer readable again EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Sunday Observer readable again EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Sunday Observer readable again EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Sunday Observer readable again EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Sunday Observer readable again EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Sunday Observer readable again EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Sunday Observer readable again EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Sunday Observer readable again EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
Sunday Observer readable again EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
Sunday Observer readable again EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
Sunday Observer readable again EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
Sunday Observer readable again EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Sunday Observer readable again EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
Sunday Observer readable again EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Sunday Observer readable again EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Sunday Observer readable again EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Sunday Observer readable again EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
Sunday Observer readable again EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
Sunday Observer readable again EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Sunday Observer readable again EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
Sunday Observer readable again EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
Sunday Observer readable again EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Sunday Observer readable again EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Sunday Observer readable again EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
Sunday Observer readable again EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
Sunday Observer readable again EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
Sunday Observer readable again EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Sunday Observer readable again EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Sunday Observer readable again EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Sunday Observer readable again EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
Sunday Observer readable again EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
Sunday Observer readable again EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Sunday Observer readable again EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
Sunday Observer readable again EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
Sunday Observer readable again EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Sunday Observer readable again EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
Sunday Observer readable again EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Sunday Observer readable again EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Sunday Observer readable again EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Sunday Observer readable again EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

Disclaimer


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


2 posters

    Sunday Observer readable again

    Backstage
    Backstage
    Top contributor
    Top contributor


    Posts : 3803
    Join date : 2014-02-24

    Sunday Observer readable again Empty Sunday Observer readable again

    Post by Backstage Sun Aug 23, 2015 3:24 pm

    A new Government

    A new government will be formally established and 'operational' by the end of this week. The Cabinet of Ministers will be appointed over the next few days. Once the Cabinet and non-Cabinet portfolios have been sorted out, it is 'all systems - go!' for Ranil Wickremesinghe and his team.

    In a 'normal' democracy - which is what Sri Lanka used to be at one time - the citizens, having done their duty and cast their vote decisively, can now sit back, sip their tea and turn on the TV to their favourite teledrama or watch a ball game.

    Sri Lanka, however, is not - yet - a 'normal' democracy. In the first decades after freedom from colonial bondage in 1948, this country did nurture a British-style 'parliamentary democracy' which seemed to have been quite enthusiastically adopted by the populace. In those first years, our former colonial masters tended to look fondly at our island nation as a kind of 'model' Third World democracy in the European tradition.

    But inter-ethnic differences, already exploited to their advantage by the colonial rulers, began to be exploited in the electoral contest for vote banks. The legacy of indigenous feudalism, not easily eradicated by colonial modernity, added caste, clan and kin loyalties to the potent mix of communal vote bank politics.

    Even as ethnic rivalries worsened into ethnic conflict, heightened socio-economic expectations pushed class politics also on to the national stage. While the marginalised, rural poor began to be mobilised towards 'class warfare' on the one hand, the social elite impatiently pushed for more authoritarian 'quick-fix' development strategies. Hence the rapid turn away from a purely 'Westminster' system and towards 'Gaullist rule' with centralised executive power. Rival class leaderships on the Left similarly pushed toward a 'socialism' of sorts that ignored the niceties of democratic governance.

    The urgency of power politics saw the country lose the liberal democratic trend first with Leftist experiments in governance and later with Rightist experiments in 'open economy' and the presidential system. Both experiments ignored any strict adherence to liberal democratic practices.

    Thus, the centre-left United Front brought in direct political interference in administration for the first time - rationalised as 'workers committees' - and also the MP's 'chit system'. The following right-wing UNP regime may have taken the country out of the pseudo socialist straitjacket, but the 'chit system' was formalised as the Job Bank and such direct political interference in administration was worsened by a near-dictatorial executive presidential system. The virtually rigged, infamous 'referendum' that extended the tenure of Parliament in 1982 took the country further down the road away from fully legitimately elected governments towards governments that took power or retained power through a mix of democratic practice, coercion, repression and constitutional gimmickry.

    The July 1983 anti-Tamil pogrom, while it drastically split the nation on ethnic lines, was actually only a new, added, dimension of an eroding democracy, weakened by both political authoritarianism as well as ethnic hegemonism.

    Even if later governments did attempt to reverse the trend away from ethnic oppression and authoritarianism, those initiatives - such as the joint government and the new draft Constitution of the 1999-2001 period and the new draft constitution - could not be fully implemented. Subsequently the country relapsed into an even worse period of inter-ethnic war and extreme authoritarianism during the past decade. The country was at the brink of systemic collapse.

    It is the sheer extremity to which the country had fallen in recent years that has galvanised both political society and civil society. The more intellectually equipped political leaderships from across the ideological spectrum have, in a clear reaction to the brutish, un-intelligent governance of the times, opted to give up their different political goals to build a broad consensus-based reform movement.

    The depth of the crisis has sustained this unified political mission through a successful presidential election and, now, through a hard-fought parliamentary electoral contest. Personal and party political ambitions have been sacrificed on the altar of national need.

    The 'national government' that was attempted and failed at the turn of this century, has now successfully been birthed by a nation that flexed its political muscle in a historic, unified movement.

    Citizens and politicians have worked together successfully. A new Prime Minister has crowned their success with a great political achievement in gaining a record personal preferential vote.

    Thus crowned by popular mandate and civil society accolades, the new Government must now tackle those already acknowledged urgent tasks of systemic repair and innovation.

    It is time to put all past failures and blunders behind us. Constitutions need to be fixed. Cultural tolerance needs to support inter-ethnic equality and nation-building and, social stamina is needed for economic struggle to face the harsh winds of massive external debt and resource wastage. These huge challenges can only be overcome by surmounting the biggest challenge of all: the lure of self-aggrandisement, individual power, and iniquitous wealth.

    Parties and politicians that have banded together in 'national government' must work together with professional dedication to that form of consensual governance and resist the temptations of party rivalry and personal ambitions. Democratic 'normalcy' is just round the corner if this national government works. Prosperity, too, beckons. Till then, the citizens cannot relax fully.

    Editorial
    nihal123
    nihal123
    Top contributor
    Top contributor


    Posts : 6327
    Join date : 2014-02-24
    Age : 58
    Location : Waga

    Sunday Observer readable again Empty Re: Sunday Observer readable again

    Post by nihal123 Sun Aug 23, 2015 7:56 pm

    Thanks Back

      Current date/time is Sat Nov 16, 2024 7:19 am