|
Related Stories »
Latest Forex TV Video »
PoliticalSri Lanka's Opposition Parties Form Coalition Ahead Of Upcoming Elections (RTTNews) - Sri Lanka's opposition parties on Tuesday formed a coalition to fight the country's upcoming presidential and parliamentary elections, which are expected to be held within the next few months. The new alliance includes the United National Party led by former prime minister Ranil Wickremesinghe and nine other smaller Muslim and Tamil parties. The leaders of the involved parties signed an agreement to form an alliance called the United National Front at the Parliament Complex in the capital city of Colombo on Tuesday. The political leaders who signed the coalition agreement on Tuesday included Ranil Wickremasinghe of the United National Party, Mangala Samaraweera of the Sri Lanka Freedom Party Mahajana Wing, Rauff Hakeem of the Sri Lanka Muslim Congress and Mano Ganeshan of the Democratic People's Front. Following the signing of the coalition agreement, Ranil Wickremesinghe said that the main aim of the opposition alliance is to scrap the country's executive presidential system and restore parliamentary democracy, with prime minister as the head of state. Currently the prime minister's role is largely ceremonial. The formation of the opposition front is seen as a challenge to President Mahinda Rajapaksa's government, which is riding on a strong public support after its defeat of the Tamil Tiger rebels earlier this year. In an effort to cash in on its popularity among the island's Sinhalese majority over the defeat of the Tamil Tiger rebels, President Mahinda Rajapaksa's government has said that it would hold early elections. Though the term of the current parliament ends in April next year, the next presidential elections are due only by November 2011. However, the government has said that both elections would be held simultaneously before April 2010. In May, the Sri Lankan military had claimed victory in its 25-year civil war against the Tamil Tiger rebels after recapturing the rebel-held areas and eliminating major rebel leaders, including Tamil Tiger founder and leader Velupillai Prabhakaran, in an year-long final offensive. Official figures indicate that the final military offensive against the Tamil Tiger rebels in the northeastern regions of the country left over 300,000 people homeless, while some 7,000 civilians were killed in the final months of the civil war. An estimated 80,000 people, mostly civilians, have been killed in the country's civil war after the Tamil Tiger rebels launched an armed rebellion in 1983, demanding an independent state for the Tamil minority in the island nation's northern and eastern regions. |
Top Content » |
Contributor Login | Free e-mail Alerts | About Us | Contact | Advertise With Us |
| Rates | News | Video | Currency Focus | Resources |
| Forex Spot Rates | Top Forex TV Economic News | Most Recent ForexTV Video | Euro (EUR) | Global Economic Calendar |
| Cross Rates | Commodity News | Forex News | Japanese Yen (JPY) | Currency Converter |
| Equity Market News | Stocks & Bonds | Sterling (GBP) | Glossary | |
| Charts | World Market Previews | Education Video Series | Swiss Franc (CHF) | Currency Codes |
| Forex Charts | Forex Market Commentary | ProSticks Analysis | Canadian Dollar (CAD) | Global Statistic Resources |
| ProStick Charts | Technical Analysis | Australian Dollar (AUD) | CPI Avg. Price Calculator | |
| New Zealand Dollar (NZD) | CPI Inflation Calculator | |||
| Nordic (NOK) | CIA World Factbook | |||
| EMEA | Pivot Point Calculator | |||
| Content Sharing | ||||
| RISK DISCLAIMER: By using this web site you agree to its terms and conditions. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Forex (or FX or off-exchange foreign currency futures and options) trading involves substantial risk of loss and is not suitable for every investor. The value of currencies may fluctuate and investors may lose all or more than their original investments. Risks also include, but are not limited to, the potential for changing political and/or economic conditions that may substantially affect the price and/or liquidity of a currency. The impact of seasonal and geopolitical events is already factored into market prices. The leveraged nature of FX trading means that any market movement will have an equally proportional effect on your deposited funds and such may work against you as well as for you. Past results are no indication of future performance. Information contained this web site is intended for informational purposes only and was obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. | ||||
| Privacy Policy | Terms and Conditions | ||||