Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum
සිංහල පරිවර්තනය
Poll

SLEF Market Sentiment Indicator

73% 73% [ 1146 ]
27% 27% [ 429 ]

Total Votes : 1575

Latest topics
» RENUKA CAPITAL PLC (KZOO.N0000)
by The Hunter Today at 1:47 pm

» Comparison TAFL,BFL & GRAN
by wisdom Today at 12:01 pm

» Personal Loans & Leasing
by Lstyle Today at 10:10 am

» BALA WILL BE A STAR
by fireshelter Today at 12:25 am

» Who is a HNWI
by Yahapalanaya Yesterday at 9:41 pm

» MULL heating up!
by anjelo Yesterday at 4:53 pm

» Save the stock market- and may be they (cse) will bring down the cse & sec levy.
by reyaz Yesterday at 3:07 pm

» AINV.N is ready to run ?
by Neluka Karannagoda Yesterday at 2:24 pm

» KGAL at LKR 70
by SIRRA123 Yesterday at 12:50 pm

» VALLIBEL FINANCE PLC
by SIRRA123 Yesterday at 12:20 pm

» HEXP Starts Next Run to Rs.300
by J-CAT Yesterday at 11:51 am

» ACME & LCEM ??
by Tissa Yesterday at 11:34 am

» CFVF run Will start soon
by kjojo Yesterday at 10:54 am

» WHERE NDB & DFCC ARE HEADING??
by worthiness Yesterday at 10:50 am

» Penny TESS 7.4Mn trade volume!
by anjelo Yesterday at 9:21 am

» Financial Instrument- Lease BG/SBLC
by leasingmandate Yesterday at 4:36 am

» PABC : This must pass 20 rs. level very soon
by soileconomy Thu Oct 19, 2017 9:31 pm

» Today run LOFC 5+
by kjojo Thu Oct 19, 2017 8:25 pm

» Planning to buy some shares - Suggession please
by sanjulanka Thu Oct 19, 2017 7:33 pm

» LLUB - At the Current Price
by kjojo Thu Oct 19, 2017 5:49 pm

» Positive Trends.. Exports up..
by ranferdi Thu Oct 19, 2017 5:03 pm

» LCEM 10/-.......
by kjojo Thu Oct 19, 2017 2:46 pm

» KZOO ... KZOO ...Stock Buy Back underway ?
by Namal Thu Oct 19, 2017 1:32 pm

» LANKA CEMENT....STILL GOOD
by Wimal Modawansa Thu Oct 19, 2017 9:09 am

» The New Pope: Bergoglio of Argentina
by leasingmandate Wed Oct 18, 2017 5:41 pm

» කිංස්බරි හෝටලයේ විදුලි සෝපානය මනාලයා සමග හිරවේ.. මංගල උත්සවය ජංජාලයක් වෙයි.. මනාලයා වන්දි ඉල්ලා නඩු යයි.
by trasantha Wed Oct 18, 2017 8:03 am

» UDPL Next Run soon
by kovida Tue Oct 17, 2017 10:58 pm

» Financial Instrument- Lease BG/SBLC
by leasingmandate Tue Oct 17, 2017 2:39 pm

» HVA.............? wtz gonna happen with HVA?
by anjelo Tue Oct 17, 2017 1:53 pm

» watch CSF
by kjojo Tue Oct 17, 2017 12:21 pm

» ගංගා මෑණියන්ගේ බැල්ම ලගදිම කොටස් වෙලදපොල දෙසට
by ranferdi Tue Oct 17, 2017 7:57 am

» + Point for Market : IMF reaches staff level agreement on third review of Sri Lanka’s EFF
by Ran49 Tue Oct 17, 2017 7:16 am

» Hotels face tough time --- Drop in tourist arrivals predicted/so many new hotels are opening
by kcrRanz Tue Oct 17, 2017 4:55 am

» Asian shares conquer 10-year peak
by kcrRanz Tue Oct 17, 2017 4:51 am

» Ideas about SCAP.N000 ?
by kcrRanz Tue Oct 17, 2017 4:40 am

» Why CSEC going up....???
by kcrRanz Tue Oct 17, 2017 4:30 am

» why bfl...gran...tafl...not moving
by kcrRanz Tue Oct 17, 2017 3:17 am

» Time to Talk About How Budget 2018 will Help for Us!
by Dailytrader Mon Oct 16, 2017 7:02 pm

» MBSL - MERCHANT BANK OF SRI LANKA
by Roshan Fernando Mon Oct 16, 2017 2:11 pm

» LOFC 7+ next week
by kjojo Mon Oct 16, 2017 12:41 pm

» SAMP - ABSORBING REAL VALUE
by niru Mon Oct 16, 2017 11:43 am

» RENUKA CAPITAL PLC (KZOO.N0000)
by Namal Mon Oct 16, 2017 10:54 am

» From today - Watch Watch
by Richman Mon Oct 16, 2017 8:44 am

» IS CTBL.N ready to run ?
by Richman Mon Oct 16, 2017 8:43 am

» Sri Lanka tea prices seen remaining high on global shortfall
by Wimal Modawansa Mon Oct 16, 2017 8:10 am

» Recommended buys in planation
by Wimal Modawansa Mon Oct 16, 2017 8:08 am

» BFN .. ORIENT FINANCE PLC
by worthiness Sun Oct 15, 2017 1:38 pm

» Plantation Sector Summary
by Wimal Modawansa Sun Oct 15, 2017 7:28 am

» BUY CFT with expect to cross share 10+
by sameboy Sat Oct 14, 2017 12:53 pm

» HATTON PLANTATIONS LTD
by gdid Fri Oct 13, 2017 5:32 pm

» WATA N00000
by gdid Fri Oct 13, 2017 5:29 pm

» MAL N and X
by Captain Fri Oct 13, 2017 12:05 pm

» Watch DFCC and NDB and guess which one is best
by Captain Fri Oct 13, 2017 11:54 am

» WHY WE SHOULD BUY CFVF...
by kjojo Fri Oct 13, 2017 11:42 am

» 4 new all-time record prices in Lanka Commodity Brokers Catalogue of 11 Oct. auction
by anjelo Fri Oct 13, 2017 8:58 am

» LIOC run Just started
by Ran49 Fri Oct 13, 2017 7:28 am

» LIOC is going to increase oil price
by SIRRA123 Thu Oct 12, 2017 9:06 pm

» See what these UNP criminals has done to our EPF and ETF, We have to burn these fellas
by Ryan Hudson Thu Oct 12, 2017 7:57 pm

» COCR COCR
by newone Thu Oct 12, 2017 5:41 pm

» Heavy rainng......But still VPEL & HPFL at very low price
by newone Thu Oct 12, 2017 5:35 pm

» TKYO - Capital Trust Recommends BUY
by Maxime Thu Oct 12, 2017 3:17 pm

» CEYLON TEA BROKERS PLC (CTBL.N0000)
by Namal Thu Oct 12, 2017 2:26 pm

» DOCK FUTURE hit 120 share
by kjojo Thu Oct 12, 2017 1:58 pm

» keey eye on DOCK
by kjojo Thu Oct 12, 2017 12:37 pm

» look MULL. Today Run
by TuTanKaman Thu Oct 12, 2017 12:25 pm

» MEL.N0000-ANY NEWS
by DHAVER88 Thu Oct 12, 2017 12:15 pm

» Aitken Spence - Prospects
by MasterD Thu Oct 12, 2017 10:41 am

» NDB Bank PLC
by MasterD Thu Oct 12, 2017 10:38 am

» UBC - Union bank a hidden GEM
by MarketWch Thu Oct 12, 2017 10:36 am

» Correct time to buy DFCC
by Harry82 Thu Oct 12, 2017 9:28 am

» NTB A RISING STAR
by samaritan Thu Oct 12, 2017 9:20 am

» Watch the followings
by Harry82 Thu Oct 12, 2017 9:03 am

» WHERE IS TELLER........market down.......ASI 5700...
by kjojo Thu Oct 12, 2017 9:01 am

» Bank Guarantee/StandBy Letter of Credit(MT760),Project Funding,MT103,Loan.
by kimsungnyon010 Thu Oct 12, 2017 8:17 am

» Bank Guarantee/StandBy Letter of Credit(MT760),Project Funding,MT103,Loan.
by kimsungnyon010 Thu Oct 12, 2017 8:16 am

» Bank Guarantee/StandBy Letter of Credit(MT760),Project Funding,MT103,Loan.
by kimsungnyon010 Thu Oct 12, 2017 8:13 am

» AGST can move
by Richman Thu Oct 12, 2017 7:28 am

» ACAP latest penny
by Richman Thu Oct 12, 2017 7:06 am

» Can the oil price remain as it is?
by predictor Thu Oct 12, 2017 6:52 am

» Market is falling continuously
by Yahapalanaya Thu Oct 12, 2017 5:27 am

» COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA
by Yahapalanaya Thu Oct 12, 2017 5:20 am

» LDEV Price
by sanjulanka Wed Oct 11, 2017 6:10 pm

» Stock Market Entertainment
by SL.Market Wed Oct 11, 2017 6:05 pm

» DOCK FUTURE
by kjojo Wed Oct 11, 2017 1:02 pm

» LLMP N0000
by kjojo Wed Oct 11, 2017 12:54 pm

» look LOFC- Ready to run
by max shanu Wed Oct 11, 2017 10:03 am

» LOLC towards ...150
by Harry82 Wed Oct 11, 2017 9:37 am

» Is it ok vone
by prasa2004 Wed Oct 11, 2017 8:53 am

» WILL SEYLAN WAKE UP TODAY TO JOIN BANKING RUN??
by prasa2004 Wed Oct 11, 2017 8:51 am

» How about LDEV
by sanjulanka Tue Oct 10, 2017 11:29 pm

» FC recommends a STRONG BUY on SAMP.N
by Harry82 Tue Oct 10, 2017 4:08 pm

» Watch LDEV..
by Beta1 Tue Oct 10, 2017 2:09 pm

» How About CHOU
by max shanu Tue Oct 10, 2017 11:30 am

» ACME and LCEM
by Tissa Tue Oct 10, 2017 10:31 am

» UDPL Lead the Plantation
by Ran49 Tue Oct 10, 2017 7:43 am

» Financial Instrument- Lease BG/SBLC
by leasingmandate Tue Oct 10, 2017 4:32 am

» ready to ACME blast
by gayanath1983 Mon Oct 09, 2017 3:06 pm

» ACME 9+ Coming soon
by rasikagamage Mon Oct 09, 2017 2:31 pm

» World bank confirms bribery involving Maithri –Australian Co. that gave it blacklisted
by samaritan Mon Oct 09, 2017 2:14 pm

SRI LANKA’S POLITICAL COUP AND THE SIRISENA CANDIDACY – OPED

View previous topic View next topic Go down

SRI LANKA’S POLITICAL COUP AND THE SIRISENA CANDIDACY – OPED

Post by Sstar on Sat Nov 29, 2014 6:54 am

By Dr. S. I. Keethaponcalan

Sri Lanka’s opposition parties pulled off a political coup when the announcement was made to field Sri Lanka Freedom Party (SLFP) General Secretary Maithripala Sirisena as the common candidate to face incumbent President Mahinda Rajapaksa in the snap presidential election in January 2015. A dictionary defines a coup as a “brilliantly executed stratagem.” It was also a surprise.

First, to the surprise element. Ever since the idea of holding the forthcoming presidential election in 2015 was mooted, the opposition parties, desiring to form a common platform to face the formidable Mahinda Rajapaksa, were debating the idea of a common candidate. There was hardly any agreement and several well-known names were proposed, but Sirisena’s name was not one of them. Nobody expected him to come forward because he was the General Secretary of the president’s party, the SLFP, and hitherto, at least publicly, did not demonstrate any resentment against the government. He was seen as one of the close allies of the president and his policies and in fact he defended the government until very recently. Therefore, his candidacy indeed was a surprise even to some of the movers and shakers of Sri Lanka politics. It seemed the president himself, with all the intelligence resources around him, was shocked by this move. The president’s men were targeting Ranil Wickramasinghe and Maduluwawe Sobitha Thera. One newspaper aptly declared that “he (Sirisena) came out of the blue.” The surprise has the potential to jolt the overconfident campaign of the ruling party.

Now, to the question of strategy. The Sirisena candidacy is certainly a smart strategy adopted by the opposition parties because it has resolved several problems. Although numerous names were proposed and debated as a common candidate, nobody really had the approval of all major opposition parties and factions. This disagreement had the potential to spoil the idea of a common candidate and to force major parties to field their own candidates, which would have automatically ensured the victory of President Rajapaksa. Now it is certain that Rajapaksa will face a common opposition candidate.

On the other hand, the Sirisena candidacy has enabled several key political actors to support the common candidate. For example, the Janatha Vimukthi Peramuna (JVP) and the Jathika Hela Urumaya (JHU) would have found it difficult to endorse and support Ranil Wickramasinghe. Now, it is not impossible to forge an understanding at least with the JVP, who carry a lot of clout among the Sinhala-Buddhist constituency. Nevertheless, this is already a substantially broad alliance. If the architects of the new alliance can convince the Tamil National Alliance (TNA) and the Sri Lanka Muslim Congress (SLMC) to join hands, it really has the potential to become a national coalition.

The TNA and SLMC have different issues in endorsing the Sirisena candidacy. The TNA and the Tamil people have never viewed Sirisena as a leader who could appeal to the minority communities. He was seen more as a Sinhala-Buddhist politician. Therefore, the Tamil support for Sirisena will not be automatic. It might need some convincing. It is here, Ranil Wickramasinge and Chandrika Kumaratunga, two of the main architects of the new alliance, could be of value. These two relatively have more sympathy among the Tamil community than Sirisena himself. Therefore, they could convince the TNA to support Sirisena, which would ensure a majority of the Tamil votes. On the other hand, in the last presidential election in 2010, the Tamils supported Sarath Fonseka, who led the war against the LTTE. Therefore, convincing the TNA to endorse Sirisena will not be too cumbersome.

From an electoral arithmetic point of view, fielding Sirisena as the common candidate should be depicted as a brilliant move. It is clear from the recent political developments that President Mahinda Rajapaksa does not have adequate support among the minority communities, especially the Sri Lankan Tamils and Muslims. This in turn makes him over-dependent on the Sinhala-Buddhist voters. He needs about 65 percent of the Sinhala votes to win outright. What the Sirisena candidacy does is, it makes a serious dent in this block of votes, because of his Sinhala-Buddhist outlook and SLFP affiliation.

First, most Sinhala people, even if they are not happy with the government policies and directions, do not want to vote for a candidate who does not appear to be standing up for the country and the interest of the Sinhala people. This was one of the reasons why the government was winning consequent elections. There were no alternatives for them in the opposition. Now, these people can vote for Sirisena because he is no less Sinhala-Buddhist than Mahinda Rajapaksa. Second, in the recent past, there has been a growing perception that the Rajapaksa faction has taken control of the SLFP by sidelining senior and longtime members and at the expense of original ideals of SWRD Bandaranaike, the founded leader of the party. Although this perception was troubling the regime for a while, no attention was paid due to the immense popularity and confidence of the president. Maithripala Sirisena seems to be giving voice and a platform for these concerns. He has already promised to rescue the party and return to the Bandaranaike principles. Therefore, he can also attract a segment of the SLFP vote, which again is basically Sinhala-Buddhist. The government should consider the Sirisena candidacy a serious problem primarily because it targets the very heart of President Rajapaksa’s vote bank. With the announcement of the Sirisena candidacy, the government lost the luxury of taking the election for granted.

The Sirisena candidacy also takes an important weapon out of the arsenal of the government. The government constantly and most effectively used a slogan of collaboration with the LTTE or the West to discredit political opponents. This worked well especially against Wickramasinge. The early indications are that the same line of attack will be mounted against Sirisena. His former colleagues in the government have already called him a part of “foreign conspiracy.”

However, the problem is that this slogan is not going to be that effective against Sirisena. The government therefore, will be forced to search for more credible allegations against the common candidate. On the other hand, allegations of corruption, mismanagement and authoritarianism, which Sirisena most probably will level against the government, would have more trustworthiness in the eyes of government critics because until last week he was part and parcel of the government. So, he knows.

The main slogan of the Sirisena candidacy so far is abolition of the executive presidential system, which obviously is crucial to address some of the democracy and good governance related issues in the country. It however, is not the primary concern of the ordinary voter. Corruption, cost of living and over accommodation of China could be some of the potent slogans against the government. The Sirisena candidacy could transform into a real challenge for the government if and when the new coalition takes up these issues as the primary slogan along with the agenda to reform the constitution.

Also, without a winning statistical formula, Maithripala Sirisena would not have accepted the call to contest as the common candidate. Unlike other possible candidates, Sirisena is risking too much by contesting the forthcoming election. History indicates that he could lose everything he has. Therefore, he should have been convinced according to a formula that he could win. His major challenge is to secure the whole of the UNP votes. He would need the unwavering support of the top as well as second tier leadership of the party.

In sum, despite the challenges, the Sirisena candidacy has the potential to narrow the margin of victory in a free and fair election. He has made the already tight election tighter. It is however, too early to predict a victory for Sirisena. The election result depends on how it is conducted and how the major candidates play their cards.

http://www.eurasiareview.com/25112014-sri-lankas-political-coup-sirisena-candidacy-oped/
avatar
Sstar
Vice President - Equity Analytics
Vice President - Equity Analytics

Posts : 1355
Equity Stars : 6660
Reputation : 50
Join date : 2011-11-01

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum
Top posting users this week
kjojo
 
TARGET
 
kcrRanz
 
anjelo
 
Namal
 
sureshot
 
Wimal Modawansa
 
SIRRA123
 
anges
 
Ran49
 

Statistics
We have 21134 registered users
The newest registered user is CHANAKA PRASAD

Our users have posted a total of 328761 messages in 50520 subjects
Who is online?
In total there are 93 users online :: 3 Registered, 0 Hidden and 90 Guests

dmtmadusanka, kjojo, wanasinghe

Most users ever online was 541 on Mon Sep 19, 2011 11:29 am
Forum Disclaimer

The information contained in this forum have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein.

www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever.

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.