Ranil and Aragalaya effect
Daily FT
|September 09, 2025
RW is feeling the Aragalaya effect and let the judiciary handle the matter without any outside interference. No one is above the law
operated it. Out of that exercise emerged Ranil Wickremesinghe (RW) as the new chief.
RW never grasped the seriousness of the youth’s aspirations expressed through the Aragalaya and he took that revolt as a passing phenomenon of youthful age. His first reaction therefore was to send the police force to chase out the agitators, arrest a few of their leaders and destroy their temporary shelters at the Galle Face Green. He also believed that the main reason for popular discontent over the prevailing system was economic and he therefore invited the IMF to take charge of economic reparation, which was in that environment the only alternative left for the open economy. To call him as the rescuer of the economy because of this invitation as his aficionados are doing is to fool the public. Apart from that it was business as usual for RW.
With support from the Rajapaksa clan, he spent the rest of his presidential days in preparing himself to become the common candidate to contest the next presidential election. Public funds were dished out in the name of development and without any accountability to local chiefs in various electorates to win their support at the next election. But the youth did not go home to rest but took their message direct to the people. The results of the 2024 Presidential and General Elections were the material translation of the Aragalaya effect.
Diese Geschichte stammt aus der September 09, 2025-Ausgabe von Daily FT.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Daily FT
Daily FT
SEC eases Minimum Public Holding rules for listings via Introductions
Says move aimed at boosting market flexibility
3 mins
January 01, 2026
Daily FT
Govt. unveils National Electricity Policy in push for cost-reflective tariffs, reforms
Energy Ministry invites public consultations on or before 9 January Energy pricing, reforms crucial components of IMF EFF program
3 mins
January 01, 2026
Daily FT
Right of Reply: BPPE responds to PMAC over water contracts
BUSINESS Promoters & Partners Engineering Ltd., (BPPE) has issued the following Right of Reply to the artide headlined RTI exposes irregularities in SL water contracts involving Chinese SOES-PMAC calls for accountability and urgent probe into unsolicited bids and inflated costs published in the Daily FT on 29 November 2025:
1 min
January 01, 2026
Daily FT
Gangaramaya Temple City taking shape to be world-class tourist and cultural hub
Rs. 600 m initiative part of Colombo City Tourism Attraction Enhancement Program being implemented in collaboration with Western Province Governor, UDA, and Gangaramaya Temple/ Sri Jinarathana Adyapana Ayathana Palaka Sabhawa 550-seat performance hall, heritage galleries, exhibition spaces, and outdoor recreational areas designed to host cultural performances, educational workshops, and community events
2 mins
January 01, 2026
Daily FT
Staying competitive by transferring pay risks through performance-based compensation
MY interest in performance-based compensation in Sri Lanka heightened when combating the trickle-down effects of the Global Financial Crisis of 2008 and the end of the civil war in 2009.
9 mins
January 01, 2026
Daily FT
Sri Lanka needs more than transparency to break the cycle of corruption: University of London Economists
SRI Lanka will not escape another cycle of unsustainable public debt if it relies only on transparency and traditional “good governance” reforms without creating real pressure from actors who can enforce rules in their own interest, senior economists from SOAS University of London warned in Colombo last week.
9 mins
January 01, 2026
Daily FT
CCPI remains steady in December
HEADLINE inflation, as measured by the year-on-year (YoY) change in the Colombo Consumer Price Index (CCPI), remained steady in December 2025 for the second consecutive month.
1 mins
January 01, 2026
Daily FT
India doubles financial commitment to 3 housing projects in North and South
INDIAN has announced a doubling of financial commitment to three housing projects in the Northern and Southern Provinces.
2 mins
January 01, 2026
Daily FT
New CEO at Siyapatha Finance assumes office today
■Veteran Ananda Seneviratne concludes his tenure as Managing Director
2 mins
January 01, 2026
Daily FT
Rebranding Sri Lanka is a collective responsibility: Booking.com Regional Chief
BOOKING.COM Regional Head for South Asia Santosh Kumar said rebranding Sri Lanka and unlocking its next phase of economic growth will require a collective national effort that goes well beyond Government-led initiatives, stressing that recovery alone is not a long-term strategy for sustainable development.
2 mins
January 01, 2026
Listen
Translate
Change font size

