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However, the Supreme Court of Sri Lanka dismissed the case, finding that the early election does not violate the Constitution.
This entry was posted on Tuesday, November 25th, 2014 at am and is filed under Country Profiles, News & Press, Sri Lanka.
At present, opposition politicians and critics of the early election have argued that holding the election so early is a violation of the Constitution.
The two main opposition political parties sought legal remedies for what they claim is an unconstitutional poll, arguing that the “President cannot contest for a third term and a presidential election cannot be called in only four years”.
The dollar is set to fall 5 percent in the next few months, the Federal Reserve isn’t raising interest rates anytime soon and U. It didn’t take long for markets to prove him prescient.
According to UBS analyst Joni Teves, gold could climb to ,400 an ounce in the short term on macroeconomic uncertainty, dovish monetary policy and lower yields.
That’s what Morgan Stanley chief global currency strategist Hans Redeker told clients in a note published Thursday, citing in-house indicators showing U. domestic demand is set to fade in the coming months.
The greenback fell 1.3 percent Friday, capping its worst week since April, after the Commerce Department said U. second-quarter gross domestic product advanced at about half the rate economists It’s been a stellar six months for gold investors.
As Sri Lanka plans to hold a snap presidential election on 8th January next year, speculation grows about President Mahinda Rajapaksa's quest for an unprecedented 3rd term after the defection of several key ministers as well as the announcement that the General Secretary of his party, Maithripala Sirisena, would be the "common candidate" supported by a coalition of opposition parties to run against President Rajapaksa.
The election comes only four years into the President's six-year term.