Thursday July 18, 2019

Sri Lanka UNP's economic, investment heavyweights elected

Aug 19, 2015 07:33 AM GMT+0530 | 5 Comment(s)

TECH SAVVY:  A selfie with Harsha de Silva from Eran Wickremeratne's facebook post

ECONOMYNEXT - Key ministers of Sri Lanka's short term UNP-led administration of 2015 dealing with economic policy and investment have been re-elected in the August 17 polls with scoring high on preferential votes.

Prime Minister and Policy Minister Ranil Wickremesinghe, who is also party leader scored a record 556,600 preferences from Colombo district. His rival Mahinda Rajapaksa, who was finance and highway minister in his administration scored 424,539 votes in Kurunegala.

Deputy Policy Minister Harsha de Silva scored 114,147 preferences coming third on the UNP Colombo list after Sujeeva Serasinghe, who however lost the polling division he was assigned to the opposition.

"I have registered a huge win," social media savvy de Silva said in a post. " This is way beyond my expectations," he added humbly.

Finance Minister Ravi Karunanayake, whose supporters were gunned down in open daylight came a closed behind Harsha with 111,394.

Investment Minister Kabir Hashim topped the list in his home Kegalle district with 109,030 preferential votes.

Deputy Investment Minister Eran Wickremeratne was elected with 82,737 votes.

"The people of Sri Lanka have spoken," Wickremeratne said in message. "The mandate we received to ensure the continuation of good governance was resounding.

"It is in this light that I would like to thank all those who supported and encouraged me throughout the election process. This is a responsibility I do not take lightly," he added on his page.

The UNP administration is starting with black mark over a scam in government bond auctions, which critics allege figures among the most sophisticated white collar scams seen in the country, which even relatively educated people find it difficult to understand due to its complexity.

It became the virtually the sole corruption charge levelled against the administration during the campaign and before.

One twitter user estimated that 0.5 to 0.75 million votes could have been lost to the UNP due to the scam.

Another said there were 500,000 good reasons not to take any action on the bondscam, in a reference to the preferences given to UNP leader Wickremesinghe. (Colombo/Aug19/2015)




  1. carlos August 20, 03:54 AM

    Perpetual was, Like father like Son,Now Son in Law

  2. NotEconomist August 20, 08:49 AM

    You don't need to be an economic or investment heavyweight to work out that the recent bond deal was fishyOne simple question that has not been answered is why the Central Bank Governor's son in law firm Perpetual bid for more than five times the entire TBill offered at the controversial auction, well above any other dealer or its own past track recordWill the heavyweights answer that please

  3. Don August 19, 04:28 AM

    International Investor Community who know Sri Lanka have more faith in both of you than the Prime Miniister and the Finsnce Minister. Both of them are old fashioned and do not seem to understand the Global Financial concepts. Please take the lead in economic matters now that both of you are elected.

  4. sacre-blieu August 19, 12:47 PM

    This victory, although with a minor majority and expected support from other elected representatives, should not be interpreted as a position of privilege and power to do as they want. The continuation of cleaning up the sordid happenings of the previous regime should now be speeded up lead to a successful conclusion. Even the dissemination of news and other matters, such as business and economic, should not be couched in strange and twisted language, couched with strange gibberish words and language.

  5. sacre-blieu August 19, 08:25 AM

    Ranil Wickramasinghe should get cocky with this simple majority and run away with the idea that things will go smoothly. Maithripala Sirisena should insist that he take action to clean up certain messy events that took place during the UNF rule, most importantly the BOND SCAM. Rajapakse will not take things lying down, threats and all.

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