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☆ Marxist lawmaker leads the vote count in Sri Lanka's presidential election
▼ + stars: | 2024-09-22 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

This is Sri Lanka’s first election since the Indian Ocean nation’s economy buckled in 2022 under a severe foreign exchange shortage, leaving it unable to pay for imports of essentials including fuel, medicine and cooking gas. Marxist-leaning Anura Kumara Dissanayake leaves a polling station after casting his vote in Sri Lanka's capital Colombo on Saturday. Grinding poverty for millionsButtressed by the IMF deal, Sri Lanka’s economy has posted a tentative recovery. The younger Premadasa polled 42% of the votes in 2019 to finish second, behind Rajapaksa, in the last presidential election. Support from farming communities in north and central Sri Lanka helped him close the gap on Dissanayake as counting progressed.

Persons: Kumara Dissanayake, Sajith Premadasa, Sri Lanka’s, Ranil Wickremesinghe, Dissanayake, Premadasa, Lanka’s, Gotabaya Rajapaksa, ”, Pradeep Peiris, ” Dissanayake, Eranga, Ranasinghe Premadasa, Rajapaksa Organizations: Sri, Sunday, University of Colombo, Monetary Fund, Marxist, IMF, National People’s Power, JVP Locations: “, Sri Lanka's, Colombo, Sri, Sri Lankans, Premadasa’s, Sri Lanka

☆ Sri Lankans elect Marxist-leaning Dissanayake as president to fix economy
▼ + stars: | 2024-09-22 | by ( ) edition.cnn.com time to read: +5 min

For me this is not a position, it is a responsibility,” Dissanayake told reporters after his victory which was confirmed after a second tally of votes. Dissanayake polled 5.6 million or 42.3% of the votes, a massive boost to the 3% he managed in the last presidential election in 2019. Anura Kumara Dissanayake of the National People's Power party leaves a polling station after casting his vote in Colombo, Sri Lanka, on Sept. 21, 2024. Grinding poverty for millionsButtressed by the IMF deal, Sri Lanka’s economy has managed a tentative recovery. Dissanayake ran as a candidate for the National People’s Power alliance, which includes his Marxist-leaning Janatha Vimukthi Peremuna party.

Persons: Kumara Dissanayake, Ranil Wickremesinghe, Sajith Premadasa, “, ” Dissanayake, “ Mr, ” Wickremesinghe, Dissanayake, Premadasa, Eranga, Gotabaya Rajapaksa, ”, Pradeep Peiris, Dissanayake’s, Janak Dias Organizations: COLOMBO Reuters, Marxist, National People's, Monetary Fund, University of Colombo, IMF, National People’s Power, JVP Locations: Lankans, Sri Lanka, Colombo, “, Sri

☆ Sri Lanka's Marxist-leaning Dissanayake in early lead to become president
▼ + stars: | 2024-09-22 | by ( ) www.cnbc.com time to read: +3 min

A man waves Sri Lanka's national flag after climbing a tower near presidential secretariat in Colombo on July 11, 2022, after it was overrun by anti-government protestors. (Photo by ARUN SANKAR/AFP via Getty Images)Sri Lanka's Marxist-leaning leader, Anura Kumara Dissanayake, grabbed a commanding early lead on Sunday in his bid to become the next president of the debt-ridden country seeking to elect a leader to bolster its fragile economic recovery. Dissanayake won about 53% of a million votes counted so far in the election, Sri Lanka's Election Commission data showed. "Though I heavily campaigned for President Ranil Wickremasinghe, the people of Sri Lanka have made their decision, and I fully respect their mandate for Anura Kumara Dissanayake." This was Sri Lanka's first election since the economy buckled in 2022 under a severe foreign exchange shortage, leaving the country unable to pay for imports of essentials including fuel, medicine and cooking gas.

Persons: ARUN SANKAR, Anura Kumara Dissanayake, Dissanayake, Sajith Premadasa, Ranil Wickremesinghe, Peremuna, Ali Sabry, Ranil Wickremasinghe, Kumara Dissanayake, Lanka's, Gotabaya Rajapaksa Organizations: Getty Images, Marxist, Sri, National, Power, JVP, International Monetary Fund, IMF Locations: Colombo, Sri Lanka's, Saturday's, Sri Lanka

☆ Heavily indebted Sri Lanka votes in election to decide economic future
▼ + stars: | 2024-09-21 | by ( ) www.cnbc.com time to read: +3 min

A man waves Sri Lanka's national flag after climbing a tower near presidential secretariat in Colombo on July 11, 2022, after it was overrun by anti-government protestors. Rathnayake, the head of Sri Lanka's election commission, told Reuters. Buttressed by a $2.9 billion bailout programme from the International Monetary Fund, Sri Lanka's economy has posted a tentative recovery but the high cost of living remains a core issue for many voters. "Use your vote wisely so Sri Lanka can continue its recovery and move forward towards a sustainable and prosperous future." Sri Lanka's ranked voting system allows voters to cast three preferential votes for their chosen candidates.

Persons: ARUN SANKAR, Ranil Wickremesinghe, Sajith Premadasa, Kumara Dissanayake, Sri, Gotabaya Rajapaksa, Ali Sabry, Lanka's Organizations: Getty, Citizens, R.M.L, Reuters, International Monetary Fund, IMF Locations: Colombo, Lanka's, Sri Lanka's, Sri, Sri Lanka

☆ Ruthless India rout Sri Lanka to win Asia Cup as paceman Siraj shines
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: +3 min

Hardik Pandya bagged three wickets while Jasprit Bumrah claimed one as Sri Lanka registered their second lowest total in one-day internationals, lasting only 92 balls. India needed 6.1 overs to achieve the target for a timely boost before their home World Cup beginning next month. "It's like a dream," Siraj, who became only the fourth bowler to take four wickets in an over in ODIs, said after the Sri Lanka innings. "I got four early wickets last time I played Sri Lanka (earlier this year) but unfortunately I could not register a five-wicket haul. Bumrah removed Kusal Perera in the first over to trigger a collapse and the Sri Lanka batters looked helpless as Siraj breathed fire with the new ball.

Persons: Mohammed Siraj, Siraj, Pathum Nissanka, Sadeera, Charith, Dhananjaya de Silva, Hardik Pandya, Jasprit Bumrah, Kusal Perera, Kusal Mendis, Dushan Hemanta, Rohit Sharma, Ishan Kishan, Shubman Gill, Kishan, Gill, Chris Silverwood bemoaned, Amlan Chakraborty, Ken Ferris Organizations: Asia, Sri Lanka, Sri, Thomson Locations: COLOMBO, India, Sri Lanka, Australia, Chennai, New Delhi

☆ Bangladesh upset India despite Gill ton
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +1 min

Put into bat, Bangladesh overcame a top order wobble to post a competitive 265-8 with skipper Shakib Al Hasan topscoring for his side with a breezy 80. After Rohit Sharma elected to field, Bangladesh slumped to 59-4 before Shakib and Towhid Hridoy (54) steadied the ship. When they returned to defend the total, Tanzim Hasan Shakib claimed two wickets in his first two overs in international cricket to put India immediately under pressure. While wickets kept tumbling at one end, Gill stood tall amid ruins to keep India in the hunt. Mahedi Hasan ended Gill's 133-ball knock but Axar kept India on course until his dismissal in the penultimate over.

Persons: Shakib Al Hasan topscoring, Gill, Axar Patel, Virat Kohli, Jasprit, Kuldeep Yadav, Rohit Sharma, Towhid Hridoy, Nasum Ahmed, Mahedi Hasan, Tanzim Hasan Shakib, Axar, Amlan Chakraborty, Pritha Sarkar Organizations: Sri, Thomson Locations: COLOMBO, Bangladesh, Asia, India, Sri Lanka, Sunday's, New Delhi

☆ India in Asia Cup final after beating Sri Lanka
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +3 min

Dunith Wellalage (5-40) wrecked India's top order while Charith Asalanka (4-18) mowed down the tail to restrict India to a below-par total. "It was a good game," India captain Rohit Sharma said after their victory. The target was modest but Sri Lanka were soon grappling with a collapse of their own. Kuldeep Yadav (4-43) struck in successive overs and Ravindra Jadeja removed home captain Dasun Shanaka to reduce Sri Lanka to 99-6. Wellalage and de Silva combined in a 63-run partnership to revive Sri Lanka but once Jadeja separated them, Sri Lanka collapsed in a heap.

Persons: India's Rohit Sharma, Peter Cziborra, Dunith Wellalage, Charith Asalanka, Sri Lanka's, Dhananjaya de Silva, Rohit Sharma, Rohit, Shubman Gill, Wellalage, Virat Kohli, Kohli, Ishan Kishan, Asalanka, Axar Patel's, Jasprit Bumrah, Kuldeep Yadav, Ravindra Jadeja, Dasun Shanaka, de Silva, Amlan Chakraborty, Toby Davis Organizations: Trent, Rights, Asia, Sri Lanka, Sri, Pakistan, 241st, KL, Thomson Locations: England, India, Nottingham, Britain, Pakistan, Lanka, Sri Lanka, New Delhi

☆ Kohli, Rahul fire as India thump Pakistan in Asia Cup
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +3 min

Sept 11 (Reuters) - India beat rivals Pakistan by 228 runs after Virat Kohli passed 13,000 in one-day internationals en route to his 47th century and KL Rahul marked his return from injury with a ton in a lopsided Asia Cup Super Four clash in Colombo on Monday. India spinner Kuldeep Yadav (5-25) ripped through Pakistan's lineup following a brief rain interruption after Jasprit Bumrah removed Imam-ul-Haq and Hardik Pandya castled the dangerous Babar Azam. Kohli and Rahul saw off the threat of Pakistan's pace attack, missing Rauf due to a right flank problem, and the duo targeted the spinners to post 356-2 in 50 overs. Rahul and Kohli's unbeaten 233-run partnership for the third wicket was the highest stand in the Asia Cup. India, whose group meeting with Pakistan in Pallekele this month was abandoned due to rain, take on Sri Lanka on Tuesday.

Persons: Virat Kohli, Rahul, Kohli, Naseem Shah, Haris Rauf, Kuldeep Yadav, Bumrah, Haq, Pandya, Babar Azam, Rohit Sharma, Shubman Gill, Rohit, Rauf, Kohli's, It's, we've, Iftikhar Ahmed, Shadab Khan, Shreyas, carting Faheem Ashraf, Shrivathsa Sridhar, Ken Ferris Organizations: Pakistan, Asia, Thomson Locations: India, Colombo, Pallekele, Sri Lanka, Bengaluru

☆ Sri Lanka parliament approves domestic debt restructuring plan
▼ + stars: | 2023-07-01 | by ( Uditha Jayasinghe | ) www.reuters.com time to read: +2 min

COLOMBO, July 1 (Reuters) - Sri Lanka's parliament approved a domestic debt restructuring plan on Saturday that is crucial to continue a $2.9 billion bailout from the International Monetary Fund (IMF). To put its debt on a sustainable footing and pass an IMF review, Sri Lanka unveiled a much-anticipated domestic debt restructuring framework last Thursday that seeks to rework part of the island nation's $42 billion domestic debt. "This debt restructuring plan is essential for Sri Lanka to meet the target set by the IMF agreement to reduce debt from the current 128% of GDP to 95% of GDP by 2023," State Minister of Finance Shehan Semasinghe told parliament. Implementing the domestic debt plan is also crucial to push forward negotiations with bondholders and key bilateral creditors China, Japan and India. Sri Lanka aims to finalise debt restructuring talks by September.

Persons: Finance Shehan Semasinghe, Sajith Premadasa, Shivangi Acharya, Andrew Cawthorne Organizations: International Monetary Fund, Sri, Finance, Thomson Locations: COLOMBO, Sri Lanka, China, Japan, India, New Delhi

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