• About
  • Advertise
  • Privacy Policy
  • Contact
Thursday, November 13, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Ranil Wickremesinghe Elected as Sri Lanka’s New President

M.Cby M.C
July 20, 2022
Reading Time: 3 mins read
Mr Wickremesinghe faces the task of leading the country out of its economic collapse

Mr Wickremesinghe faces the task of leading the country out of its economic collapse

Sri Lankan Members of Parliament have elected Prime Minister, Ranil Wickremesinghe, as the country’s new President, despite his unpopularity with the public.

Mr. Wickremesinghe is facing the task of leading the country out of its economic collapse and restoring order after months of mass protests. He roundly defeated his main rival, Dullus Alahapperuma, for the job with 134 votes to 82 in a parliamentary vote.

Sri Lanka’s ex-President, Gotabaya Rajapaksa fled the country last week. According to reports, he bolted to the Maldives and then Singapore after thousands of protesters stormed his presidential residences and other government buildings, calling for his resignation. They also called for the resignation of Mr. Wickremesinghe, a close ally of the Rajapaksa political family who was appointed Prime Minister in May 2022.

RelatedPosts

Canada Poised To Rebuild Ties With India

Trump Urges Herzog To Pardon Netanyahu In Corruption Case

Spain, China Bolster Ties With New Agreements On Trade And Language Exchanges

Hearing from the Public

On Wednesday, July 20, 2022, many expressed despair and disappointment over his win. One activist, Jeana De Zoysa, who interacted with the media said “I am absolutely disgusted at the result… I cannot believe that 134 people, MPs that are supposed to represent the people, have completely disregarded the wants of the people”.

Mr. Wickremesinghe is viewed by many as a shrewd political operator who managed to cling on in Parliament despite his party losing all but one of its seats in the 2020 election. As a former six-time Prime Minister, he failed in his previous two runs for the Presidency. His victory on Wednesday, July 20, 2022, means he will serve out the rest of the Presidential term until November 2024.

But on Wednesday, July 20, 2022, after sweeping the vote with the backing of the Rajapaksa’s ruling party, he called for unity and bipartisanship moving forward. He disclosed to Parliament that the nation is “in a very difficult situation” and there are “big challenges ahead”.

ADVERTISEMENT

Reason for Months-long Protests

Sri Lanka has been wracked with protests for months because the country is bankrupt and facing shortages of food, fuel and other basic supplies.

Mr. Wickremesinghe is aiming to restore political stability so the country can resume negotiations with the International Monetary Fund (IMF) for a bailout package. Last month (June 2022), he was involved in these talks and the ruling Sri Lanka Podujana Peramnua (SLPP) party said most of its members backed him because of his economic credentials.

The party’s General Secretary, Sagara Kariyawasam, disclosed to reporters that “We feel that Ranil Wickremesinghe is the only person with the experience, the know-how and the capacity to provide solutions to the economic crisis”.

However, it remains unclear whether he will be accepted by protesters, many of whom said he’s part of the political elite behind the country’s economic mismanagement. On Wednesday, ahead of the results, barricades were set up around the Parliament house, and soldiers lined the perimeter anticipating crowds.

READ ALSO: Approve and Release GMO Cowpea for Farmers- Research Scientist Urges Authorities

Tags: RanilSri Lanka
Share2Tweet2ShareSendSend
Please login to join discussion
Previous Post

Benue women demand autopsy on Ada Ameh

Next Post

Botswana: Diamond Exports to Provide Tailwinds to Economic Growth Over 2022

Related Posts

reuters 6915fd62 1763048802
Asia

Canada Poised To Rebuild Ties With India

November 13, 2025
US President, Donald Trump.
Asia

Trump Urges Herzog To Pardon Netanyahu In Corruption Case

November 12, 2025
1762925843
Asia

Spain, China Bolster Ties With New Agreements On Trade And Language Exchanges

November 12, 2025
thumbs b c ab54527d45a964f15686d07181c1be44
Asia

South Korea’s Former Prime Minister Arrested Over Martial Law Declaration

November 12, 2025
download 30
Asia

Istanbul’s Jailed Mayor Charged With 142 Offences

November 11, 2025
GettyImages 2245606122 1762857341 1
Asia

Suicide Bombing Attack Claims 12 Lives In Islamabad

November 11, 2025
IMF Support or Sovereign Strength? Ghana’s Fiscal Reforms Face the Real Test in 2026 Budget
Economy

Ato Forson Unveils 2026 Budget: Mahama’s Bold “Reset for Growth” Targets 2% Fiscal Deficit and Job Boom

by M.CNovember 13, 2025
Finance Minister Dr. Cassiel Ato Forson
Economy

2026 Budget Targets Growth, Jobs, and Economic Transformation 

by Prince AgyapongNovember 13, 2025
Hon. Ato Forson, Finance Minister.
Extractives/Energy

ECG Revenue Improves by 90 Percent – Finance Minister

by Bless Banir YarayeNovember 13, 2025
Mr. Luc Strybol, Vice President for the Americas and Africa at FIT, Hon. Sampson Ahi, Deputy Minister of Trade, Agribusiness and Industry, and Ms. Florence E.N.A. Acolatse, Trade Advisor at FIT’s Accra representation
Vaultz Business

Belgian Delegation Seeks Deeper Investment in Ghana’s Industrial Sectors

by Silas Kafui AssemNovember 13, 2025
Dr. Dominic Akuritinga Ayine, Attorney General and Minister for Justice
General News

Baffoe-Bonnie More than Qualified for CJ Role – AG Contends

by Emmanuel Tibila BoasahNovember 13, 2025
Justice Paul Baffour Bonnie
General News

Parliament Approves Paul Baffoe-Bonnie as Chief Justice

by Evans Junior OwuNovember 13, 2025
IMF Support or Sovereign Strength? Ghana’s Fiscal Reforms Face the Real Test in 2026 Budget
Finance Minister Dr. Cassiel Ato Forson
Hon. Ato Forson, Finance Minister.
Mr. Luc Strybol, Vice President for the Americas and Africa at FIT, Hon. Sampson Ahi, Deputy Minister of Trade, Agribusiness and Industry, and Ms. Florence E.N.A. Acolatse, Trade Advisor at FIT’s Accra representation
Dr. Dominic Akuritinga Ayine, Attorney General and Minister for Justice
Justice Paul Baffour Bonnie

Recent News

IMF Support or Sovereign Strength? Ghana’s Fiscal Reforms Face the Real Test in 2026 Budget

Ato Forson Unveils 2026 Budget: Mahama’s Bold “Reset for Growth” Targets 2% Fiscal Deficit and Job Boom

November 13, 2025
Finance Minister Dr. Cassiel Ato Forson

2026 Budget Targets Growth, Jobs, and Economic Transformation 

November 13, 2025
Hon. Ato Forson, Finance Minister.

ECG Revenue Improves by 90 Percent – Finance Minister

November 13, 2025
Mr. Luc Strybol, Vice President for the Americas and Africa at FIT, Hon. Sampson Ahi, Deputy Minister of Trade, Agribusiness and Industry, and Ms. Florence E.N.A. Acolatse, Trade Advisor at FIT’s Accra representation

Belgian Delegation Seeks Deeper Investment in Ghana’s Industrial Sectors

November 13, 2025
Dr. Dominic Akuritinga Ayine, Attorney General and Minister for Justice

Baffoe-Bonnie More than Qualified for CJ Role – AG Contends

November 13, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address