Acting President Ranil Wickremesinghe was elected Sri Lanka’s new head of state by MPs on Wednesday, replacing ousted leader Gotabaya Rajapaksa.
Mr Wickremesinghe, 73, beat Dullas Alahapperuma, a candidate who had the support of a faction within the ruling party, and left-leaning lawmaker Anura Kumara Dissanayake from the opposition Janatha Vimukthi Peramuna party.
The new president secured 134 of the votes cast in the 225-seat Sri Lanka Parliament.
Mr Wickremesinghe described the victory as an honour and a privilege when he addressed Parliament.
"Our divisions are now over," Mr Wickremesinghe said, inviting Mr Alahapperuma "to join me and work together to bring the country out of the crisis we are facing".
Sri Lankan authorities ringed the Parliament building with heavy security as MPs prepared to choose from the three candidates, hoping the new leader can pull the island out of an economic and political crisis.
The response of protesters was broadly muted, with just about 100 people gathered on the steps of the presidential secretariat, but some vowed to turn their focus to dislodging Wickremesinghe.
"We're shocked. He's a person handling things in a very cunning way," protester Damitha Abeyrathne said of the leader. "He will start controlling us in a different way. As protesters, we will start our struggle again."
“If Ranil comes [into power], we cannot have stability,” Duminda Nagamuwa, who organised protests in Colombo after the nominations were finalised, said before the vote.
Other protesters have said he is an ally of the powerful Rajapaksa family, who they blame for the economic crisis. The Rajapaksas' Sri Lanka Podujana Peramuna (SLPP) party, the largest in parliament, backed Wickremesinghe for the presidency.
Mr Wickremesinghe, a six-time prime minister, became acting president last week, after Mr Rajapaksa fled to Singapore.
Hundreds of thousands of people had come out on to the streets to protest against his administration and occupied his official residence and office in Colombo.
Protesters also burnt down Mr Wickremesinghe's home and stormed his office.
Mr Wickremesinghe has pledged to crack down hard if protesters take to the streets and hundreds of heavily armed troops and police stood guard outside the parliament, but there were no signs of demonstrators.
As acting president, Mr Wickremesinghe extended a state of emergency that gives police and security forces sweeping powers, and last week ordered troops to evict protesters from state buildings they had occupied.
On Wednesday he vowed to take tough action against anyone resorting to what he called the undemocratic means that led to his predecessor's ouster.
"If you try to topple the government, occupy the president's office and the prime minister's office, that is not democracy and we will deal with them firmly," Mr Wickremesinghe said hours after he was elected.
Opposition MP Dharmalingam Sithadthan said ahead of the vote that Mr Wickremesinghe's hardline stance against demonstrators had gone down well with MPs who had been at the receiving end of mob violence, describing him as the "law-and-order candidate".
Political analyst Kusal Perera said he had "regained the acceptance of the urban middle classes by restoring some of the supplies like gas and he has already cleared government buildings showing his firmness".
Outside the presidential secretariat, where protesters camped for months to demand Rajapaksa step down, civil enginer Nuzly Hameem said he was "disappointed" by the result.
"We expected more from our parliamentarians," he told AFP.
The protests would "obviously" continue, he said, but added "We are burnt out. It's been four months."
Born into a wealthy, politically active family whose fortune was made in timber and the media, Mr Wickremesinghe has served as a lawmaker for 45 years. His reputation suffered during a previous stint as prime minister in a difficult power-sharing arrangement with then-President Maithripala Sirisena. A communication breakdown between them was blamed for intelligence lapses that led to a terror attack in 2019 that devastated tourism even before the catastrophic blow from the pandemic.
He earned a law degree from the University of Colombo and practiced as a lawyer before entering politics in 1977, becoming the youngest lawmaker at the time. He was first appointed prime minister in 1993 and also was an opposition leader for more than a decade.
Wickremesinghe has generally kept details of his private life under wraps. He is married to Maitree Wickremesinghe, a professor and expert on gender and women’s studies.
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UAE players with central contracts
Rohan Mustafa, Ashfaq Ahmed, Chirag Suri, Rameez Shahzad, Shaiman Anwar, Adnan Mufti, Mohammed Usman, Ghulam Shabbir, Ahmed Raza, Qadeer Ahmed, Amir Hayat, Mohammed Naveed and Imran Haider.
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Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
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Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
UAE currency: the story behind the money in your pockets
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Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
If you go
Flight connections to Ulaanbaatar are available through a variety of hubs, including Seoul and Beijing, with airlines including Mongolian Airlines and Korean Air. While some nationalities, such as Americans, don’t need a tourist visa for Mongolia, others, including UAE citizens, can obtain a visa on arrival, while others including UK citizens, need to obtain a visa in advance. Contact the Mongolian Embassy in the UAE for more information.
Nomadic Road offers expedition-style trips to Mongolia in January and August, and other destinations during most other months. Its nine-day August 2020 Mongolia trip will cost from $5,250 per person based on two sharing, including airport transfers, two nights’ hotel accommodation in Ulaanbaatar, vehicle rental, fuel, third party vehicle liability insurance, the services of a guide and support team, accommodation, food and entrance fees; nomadicroad.com
A fully guided three-day, two-night itinerary at Three Camel Lodge costs from $2,420 per person based on two sharing, including airport transfers, accommodation, meals and excursions including the Yol Valley and Flaming Cliffs. A return internal flight from Ulaanbaatar to Dalanzadgad costs $300 per person and the flight takes 90 minutes each way; threecamellodge.com
MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
'The worst thing you can eat'
Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.
Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines:
Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.
Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.
Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.
Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.
Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.
COMPANY PROFILE
Name: Grubtech
Founders: Mohamed Al Fayed and Mohammed Hammedi
Launched: October 2019
Employees: 50
Financing stage: Seed round (raised $2 million)
Dhadak 2
Director: Shazia Iqbal
Starring: Siddhant Chaturvedi, Triptii Dimri
Rating: 1/5
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