“In public, Beijing will likely express willingness to establish good relations with the new government,” said Zhang Guihong, a professor at the Institute of International Studies at the Shanghai-based Fudan University. “Privately, its diplomatic missions and officials in Colombo will get busy and start mingling with new people.”

The result, considered improbable just two months ago, risks disrupting President Xi Jinping’s moves to increase China’s presence in the Indian Ocean. China has invested heavily in Sri Lanka over the past decade and supported Rajapaksa in the face of U.S.-led inquiries into human rights abuses allegedly committed during the end of a 26-year civil war.

Sirisena, who deserted Rajapaksa in November to lead the opposition bloc, has promised to establish “equal relations” between China, India, Pakistan and Japan.

“China certainly will not have the uncritical support of the Sri Lankan government that it had under Rajapaksa,” said Jehan Perera, executive director of the National Peace Council of Sri Lanka, a group that promotes ethnic reconciliation.

Biggest Investor

China’s Foreign Ministry spokesman Hong Lei congratulated Sirisena on his win, according to Xinhua News Agency. Beijing is willing to work with Colombo to take their partnership “to a new height,” it reported.

Under Rajapaksa, China became the island’s top investor, biggest government lender and second-biggest trading partner. Xi visited Sri Lanka last year to promote his so-called Silk Road trade route rejuvenation project, which is backed by a $40 billion infrastructure fund and includes a maritime route encompassing the island.

Chinese government lending to Sri Lanka increased 50-fold over the past decade to $490 million in 2012, more than double the combined amount from the U.S. as well as allied governments and lending agencies. Growing economic ties have spurred military cooperation: China last year sent submarines twice to dock in the capital Colombo, triggering protests from India.

On the campaign trail, Sirisena lambasted projects built with credit from foreign countries, saying they were ensnaring Sri Lanka in a “debt trap.” He threatened to scrap a Chinese-backed $1.4 billion plan to build a city roughly the size of Monaco on reclaimed land off Colombo, which would be Sri Lanka’s largest foreign investment to date.

China Strength

Even so, it remains to be seen how strongly Sirisena will move against China, an economy more than 100 times bigger.

“Sirisena is promising to put the relationship on a more balanced footing,” said Paikiasothy Saravanamuttu, executive director of the Colombo-based Centre for Policy Alternatives. “But no one’s really going to kick them out.”

China, along with Russia, Venezuela and nine others, voted against a U.S.-sponsored United Nations Human Rights Council resolution in March to investigate allegations of war crimes in Sri Lanka. Rajapaksa crushed a Tamil minority uprising in 2008 to end a conflict that killed as many as 40,000 people.

The Sinhalese, Sri Lanka’s largest ethnic majority, oppose a U.S.-backed investigation into war crimes. China is also viewed as an important counterweight to India, which supported the ethnic minority Tamils during the conflict.

The result won’t have much impact on China’s ties with Sri Lanka, according to Shi Yinhong, director of the Center for American Studies at Renmin University in Beijing and an adviser to China’s State Council.

“China has quite a good basis for the relationship,” he said in an interview yesterday in Singapore. “ I don’t view that any single election will have much impact upon Sri Lanka’s relations with China.”

• criticalobserver • 3 hours ago

  China's trade and investment policies with any country are based on a win-win relationship; it is not based on who is in power. She is dealing with the country not the person at the helm. If the new Sri Lankan Government has different needs, these could be negotiated based on the win-win approach.

   

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  balakris • 17 hours ago

  Typically China buys its way into the third world.

  Difficult and scary to keep china out.

  They don't stop at anything to create probs for prob people.

   

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    Hongkiejj  balakris • 7 hours ago

    consider yourself lucky ...china does not bomb third world countries back to stone age..china does not get themselves involves in domestic issues or stuck their fingers to change or manipulate the outcome of their election..sometimes its best to let the ppl of sri lanka resolve their own domestic problems.

    have seen all...before election..blah blah blah about china n once elected, they are back to clinking glasses with china for more investment...

     

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  Lord Shiva • 18 hours ago

  China's failure was supporting an authoritarian, accused of genocide and highly corrupt Sri Lankan regime while China has grave concerns and investigating the corrupt and abusive Chinese leaders. Instead, Chinese leaders should have looked at the model Singapore nation that is built by the Tamils and the Chinese together. The Chinese leaders should have sought advise from Hon. Lee Kuan Yew, the first PM of Singapore prior to supporting and aiding the alleged Sinhala Buddhist Apartheid regime that was committing mass atrocities against its own people. China is a better nation to have a cordial relationship and trust than India for many reasons.

   

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  DurangoJoe • 19 hours ago

  Sri lanka is an important and strategic location for the Chinese navy to refuel and China's dream of gaining a foothold in the Indian ocean. Hence a $1.4 billion plan to build a city the size of Monaco was proposed by China -all expenses paid. Sirisena promised to 

  scrap that plan if he wins the election. Back to the drawing board for China.

 

இதில் உள்ள விடயங்களை முடியுமானவரை தமிழ் ஆக்கி 

தமிழில் கருத்துக்களை பகிர்ந்து கொள்ளுங்கள். 

 

தமிழர்களின் தற்போதைய அரசியல் தலைமையான கூட்டமைப்பு.

5ஆம் திகதி அறிவிப்போம் எனும் முடிவை ஐந்து நாள் முந்தி அறிவித்தார்கள்.

 

அவர்களது முடிவு 

தமிழருக்கு என்ன பயனை தரும் என்று அவர்கள் வாய் திறக்கவே இல்லை.

பதிலாக 

எமக்கும் மைத்திரிக்கும் எந்த ஒப்பந்தமும் எழுத்தில் இல்லை என்று சம்மந்தர் சொன்னார்.

சம்மந்தர் மைத்திரியை சுகம் விசாரிக்க கூட சந்திக்கவும் இல்லை. 

 

 

மேலே இருக்கும் தாக்கங்கள் 

சாதரனமானவை அல்ல ...

பில்லியன் டொலரின் பெறுமதி என்பது விளையாட்டானது இல்லை.

எப்படி எனில் ....

உங்களது வீட்டு காணிக்கு நீங்கள் எதிர்பாராத விலையை நான் தரும்போது 

நீங்கள் வேறு காணியும் காசும் வருகிறதே என்று எனக்கு விற்று விடுவீர்கள்.

இப்படி ஒரு கிராமத்தில் நான் 10-15 காணி வாங்கினால்.

இப்போ கிராமத்தின் போக்கு எனதாகும். 

மன்னிக்கவும் மூலம் தரவில்லை 

மேலே உள்ள செய்தி ப்ளூம்பெர்க் பக்கத்தில் இருந்து என்னால் பிரதி செய்யபட்டது 

http://www.bloomberg.com/news/2015-01-09/sri-lankan-election-upset-a-blow-to-china-s-indian-ocean-plans.html#disqus_thread

Sri Lanka Stocks Climb to 4-Year High on Sirisena’s Surprise Win

Sri Lanka’s benchmark stock index rose to the highest level in almost four years and the currency gained after President Mahinda Rajapaksa conceded defeat in an election that ended his decade-long rule.

Incoming President Maithripala Sirisena campaigned on a pledge to end nepotism and corruption, ensure religious harmony and wean the nation away from dependence on funding from China. Rajapaksa had cut fuel and power prices, raised pensions and lifted guaranteed crop prices for farmers to woo voters after a rule that critics say was marked by corruption.

The Colombo All-Share Index (CSEALL) rose 1.4 percent to 7,605.79, the steepest climb in a month and the highest close since March 2011. Commercial Bank of Ceylon Plc, the nation’s top lender by market value, surged to a record, while Printcare Plc advanced 17 percent, the most since August 2012. Ceylon Tobacco Co., the nation’s second-largest company, gained 1.4 percent.

“The election manifesto has been for a consumption-driven economy,” Bimanee Meepagala, assistant vice president for asset management at NDB Wealth Management, said by phone from Colombo. Meepagala said he’s bullish on retailers and lenders.

Rajapaksa has congratulated Sirisena and told him he can take over, Rajapaksa’s spokesman Mohan Samaranayake said by phone today. The president called the election in November, two years ahead of schedule, in a bid to consolidate power after his party saw its popularity fall in by-elections.

Bonds Fall

Under Rajapaksa, the $67 billion economy grew an average 7 percent a year since the end of the civil war in 2009, the fastest pace in South Asia. He shifted Sri Lanka toward China in the face of U.S. criticism of human rights abuses after he oversaw the end of the 26-year civil strife.

“We have to see how Sirisena is going to implement his economic agenda as Rajapaksa was the key driver of the country’s development post the end of the war,” Thomas Hugger, chief executive officer and founder at Hong Kong-based Asia Frontier Capital Ltd., said by e-mail.

Rajapaksa won the last presidential election in January 2010 with about 60 percent of the 10.4 million votes cast, the biggest majority in 16 years. He defeated his former army commander who helped end the island’s bloody insurgency.

The yield on Sri Lanka’s dollar bonds maturing in January 2019 rose for a sixth day, adding five basis points to 5.14 percent, the highest level since February 2014. The rate on the 8.5 percent local-currency government notes due in April 2018 climbed 14 basis points to 7.22 percent.

“The climb in yields is unsurprising because this entails uncertainty,” said Vishnu Varathan, senior economist at Mizhuo Bank Ltd. in Singapore. “Policy continuity is the first question. The other is whether a new administration would find enough traction to get the institutions working as smoothly.”

The Lankan rupee closed little changed at 131.54 a dollar.

 

Sri Lanka Central Bank Governor Resigns After Rajapaksa Defeat

Sri Lankan central bank Governor Ajith Nivard Cabraal resigned after the incumbent president was defeated in an election, giving his successor an opportunity to overhaul an institution critics say is opaque.

“I have tendered my resignation,” Cabraal said by phone yesterday. “It’s a good thing for a new president to have a new governor, so I have paved the way for that.”

President Mahinda Rajapaksa, 69, yesterday conceded defeat in the Jan. 8 election. His successor, Maithripala Sirisena, who was sworn in yesterday, had campaigned on a pledge to reduce the powers of the presidency in favor of parliament, a move that threatens greater instability in an economy that has seen 7 percent growth on average since 2009.

“On the surface a lot of things look good,” said Razeen Sally, an economics professor at theNational University of Singapore, referring to the growth rate and inflation at a five-year low. “But that hides a lot of mess. For one thing, it’s difficult to believe some of these numbers given the central bank has become highly politicized under the Rajapaksa regime.”

Cabraal, who’s held the post for most of Rajapaksa’s 10-year rule, is the first high-profile Rajapaksa appointee to step down since the election. During his tenure, the share of Chinese lending has risen sevenfold and interest costs are among the highest in countries rated by Moody’s.

An increased dependence on foreign debt endangers Sri Lanka’s economic security, Sirisena said in his manifesto. His government will have to repay or rollover about $2 billion of debt in 2015, the most in data going back to 2005.

It remains to be seen if Sirisena will break with past tradition and give more independence to the central bank.

 

மக்களும் ....

இங்கிருக்கும் சில கருத்தாளர்களும் 

இலங்கையில் விலைவாசி ஏறிட்டுது ....

எரிபொருள் விலை ஏறிட்டுது ...

எல்லாத்திற்கும் மக்கள் பாடம் கற்பிப்பார்கள் என்று 

எழுதிக்கொண்டும் 

பேசிக்கொண்டும் இருக்கும்போது.

கடந்த நவம்பர் மதத்தில் 

இலங்கை சந்தை எப்படி இருந்தது?

முதலீட்டாளர்களின் வெற்றி 

நாட்டு மக்களின் வெற்றியாகுமா ?

 

 

High Performing Stock Market With Room To Run

Sri Lanka’s stock market (up 25.8% year-to-date as of October 29, 2014) is currently on-target to finish among the top 10 performing stock markets in the world this year alongside the likes of Argentina (112.8% ytd), Denmark (20.91% ytd), Dubai (40.3% ytd), India (30% ytd), Indonesia (20.4% ytd), Pakistan (24.7% ytd), Philippines (23% ytd), Qatar (38.4% ytd), Thailand (24.3% ytd) and Vietnam (21.4%; all data as of October 29, 2014).

Harsha Fernando, Director and Chief Executive Officer of local brokerage SC Securities (Pvt) Limited, says:

The market has witnessed a bullish sentiment due to the prevailing low interest rate scenario. Assuming this trend continues, the market will continue its bullish trend. Next year being an election year, I would assume the market to further strengthen its position due to elections defining a clear political scenario.

Dihan Dedigama, CEO of Softlogic Stockbrokers concurs:

We feel that the Colombo Bourse will continue to be a benefactor of the low interest rate regime we have seen from the beginning of the year and will realize good returns for the next few years. With the bank loan growth expected to gradually start picking up, companies will reap the benefits of the conducive environment and should be backed by strong corporate earnings growth. Meanwhile with political stability and the country’s economy poised to grow plus 7 per cent over the next 3 years, we do not see any reason why the stock market would not perceive a steady rise.