Heavily Indebted Sri Lanka Votes in Election to Decide Economic Future

Sri Lankan voters stand in a queue to enter a polling station during the presidential election, in Colombo, Sri Lanka, 21 September 2024. (EPA)
Sri Lankan voters stand in a queue to enter a polling station during the presidential election, in Colombo, Sri Lanka, 21 September 2024. (EPA)
TT

Heavily Indebted Sri Lanka Votes in Election to Decide Economic Future

Sri Lankan voters stand in a queue to enter a polling station during the presidential election, in Colombo, Sri Lanka, 21 September 2024. (EPA)
Sri Lankan voters stand in a queue to enter a polling station during the presidential election, in Colombo, Sri Lanka, 21 September 2024. (EPA)

Millions of Sri Lankans were casting their votes on Saturday to elect a president who will face the task of bolstering the South Asian country's fragile economic recovery following its worst financial crisis in decades.

More than 17 million of Sri Lanka's 22 million people are eligible to vote in an election that has shaped up to be a close contest between President Ranil Wickremesinghe, main opposition leader Sajith Premadasa and Marxist-leaning challenger Anura Kumara Dissanayake, who led in one recent opinion poll.

Well-organized polling booths manned by public officials and police guided Sri Lankans on how to cast their vote as citizens in Colombo, the country's biggest city, lined up after voting began at 7 a.m. (0130 GMT).

At Visakha Vidyalaya, a school about 15 km from Colombo, brisk polling was seen early in the morning as families, some of them accompanying their ageing parents, lined up next to coir ropes that created orderly lines for voters.

A large blow-up of the ballot paper was visible at the entrance to the booth set up next to blooming flower beds and a stretch of classrooms.

"I think we desperately need a change and I think a lot of people feel the same way. For us to have a future the entire country must have a future, first," said Niroshan Perera, 36, a supporter of Dissanayake.

Voting was proceeding peacefully across the island nation and queues outside booths lengthened as the day progressed, local TV channels showed. Polls close at 4 p.m. (1030 GMT), with counting scheduled to start shortly afterward. The Election Commission is expected to announce the winner on Sunday.

Over 13,000 polling stations were set up across the country and 250,000 public officials deployed to manage the election, R.M.L. Rathnayake, the head of Sri Lanka's election commission, told Reuters.

This is the first election since Sri Lanka's economy buckled in 2022 under a severe foreign exchange shortage, leaving the Indian Ocean island nation unable to pay for imports of essentials including fuel, medicine and cooking gas.

Thousands of protesters marched in Colombo in 2022 and occupied the president's office and residence, forcing then-President Gotabaya Rajapaksa to flee and later resign.

Buttressed by a $2.9 billion bailout program 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.

Although inflation cooled to 0.5% last month from a crisis high of 70%, and the economy is forecast to grow in 2024 for the first time in three years, millions remain mired in poverty and debt, with many pinning hopes of a better future on their next leader.

"This is an election that will change the history of Sri Lanka. People are voting enthusiastically," Dissanayake said after casting his vote at a temple in the outskirts of Colombo.

The winner will have to ensure Sri Lanka sticks with the IMF program until 2027 to get its economy on a stable growth path, reassure markets, attract investors and help a quarter of its people climb out of crisis-induced poverty.

"The people have to decide the future of this country. I ask everyone to vote peacefully," Wickremesinghe, accompanied by his wife, said after voting at the University of Colombo. "We have stabilized the government and the democratic system. I'm happy I've been able to make a major contribution to that."

Sri Lanka's ranked voting system allows voters to cast three preferential votes for their chosen candidates.

If no candidate wins 50% in the first count, there is a second round between the two frontrunners, with the preferential votes of other candidates redistributed, an outcome analysts say is likely given the close nature of the election.



Poland Bars Chinese-Made Cars from Military Sites Over Data Security Fears 

A soldier from the 18th Mechanized Division stands guard on a Light Strike Vehicle "Zmija" during a media tour organized by the country's military to demonstrate the security measures on the Polish Belarusian border, near Bialowieza, Poland, January 10, 2025. (Reuters)
A soldier from the 18th Mechanized Division stands guard on a Light Strike Vehicle "Zmija" during a media tour organized by the country's military to demonstrate the security measures on the Polish Belarusian border, near Bialowieza, Poland, January 10, 2025. (Reuters)
TT

Poland Bars Chinese-Made Cars from Military Sites Over Data Security Fears 

A soldier from the 18th Mechanized Division stands guard on a Light Strike Vehicle "Zmija" during a media tour organized by the country's military to demonstrate the security measures on the Polish Belarusian border, near Bialowieza, Poland, January 10, 2025. (Reuters)
A soldier from the 18th Mechanized Division stands guard on a Light Strike Vehicle "Zmija" during a media tour organized by the country's military to demonstrate the security measures on the Polish Belarusian border, near Bialowieza, Poland, January 10, 2025. (Reuters)

Poland has barred Chinese-made vehicles from entering military facilities due to concerns their onboard sensors could be used to collect sensitive data, the Polish Army said on Tuesday evening.

The army said in ‌a statement ‌that such vehicles ‌may ⁠still be allowed onto ⁠secured sites if specified functions are disabled and other safeguards required under each facility's security rules are in place.

To ⁠limit the risk ‌of ‌exposing confidential information, the military has ‌also banned connecting company ‌phones to infotainment systems in vehicles manufactured in China.

The restrictions do not apply ‌to publicly accessible military locations such as hospitals, ⁠clinics, ⁠libraries, prosecutors' offices or garrison clubs, the army said.

It added that the measures are precautionary and align with practices used by NATO members and other allies to ensure high standards of protection for defense infrastructure.


Starmer, Trump discussed Russia-Ukraine, Iran after Geneva Talks, Downing Street Says 

US President Donald Trump and British Prime Minister Keir Starmer announce an agreement between the two countries as they hold a press conference at Chequers at the conclusion of a state visit on September 18, 2025 in Aylesbury, Britain. (Reuters)
US President Donald Trump and British Prime Minister Keir Starmer announce an agreement between the two countries as they hold a press conference at Chequers at the conclusion of a state visit on September 18, 2025 in Aylesbury, Britain. (Reuters)
TT

Starmer, Trump discussed Russia-Ukraine, Iran after Geneva Talks, Downing Street Says 

US President Donald Trump and British Prime Minister Keir Starmer announce an agreement between the two countries as they hold a press conference at Chequers at the conclusion of a state visit on September 18, 2025 in Aylesbury, Britain. (Reuters)
US President Donald Trump and British Prime Minister Keir Starmer announce an agreement between the two countries as they hold a press conference at Chequers at the conclusion of a state visit on September 18, 2025 in Aylesbury, Britain. (Reuters)

British ‌Prime Minister Keir Starmer spoke to US President Donald Trump on Tuesday night about US-mediated Russia-Ukraine peace talks in Geneva, as well as talks between the US and Iran on ‌their nuclear ‌dispute, a Downing Street ‌spokesperson ⁠said.

Starmer also discussed ⁠Gaza with Trump and stressed on the importance of securing further access for humanitarian aid, the spokesperson said.

Negotiators ⁠from Ukraine and ‌Russia ‌concluded the first of two days ‌of the US-mediated ‌peace talks in Geneva on Tuesday, with Trump pressing Kyiv to act fast ‌to reach a deal.

Separately, Iranian Foreign Minister ⁠Abbas ⁠Araqchi said Tehran and Washington reached an understanding on Tuesday on "guiding principles" aimed at resolving their longstanding nuclear dispute, but that did not mean a deal is imminent.


Japan PM Takaichi Reappointed Following Election

Sanae Takaichi gestures at the Lower House of the Parliament in Tokyo, Japan, 18 February 2026. EPA/FRANCK ROBICHON
Sanae Takaichi gestures at the Lower House of the Parliament in Tokyo, Japan, 18 February 2026. EPA/FRANCK ROBICHON
TT

Japan PM Takaichi Reappointed Following Election

Sanae Takaichi gestures at the Lower House of the Parliament in Tokyo, Japan, 18 February 2026. EPA/FRANCK ROBICHON
Sanae Takaichi gestures at the Lower House of the Parliament in Tokyo, Japan, 18 February 2026. EPA/FRANCK ROBICHON

Japan's lower house formally reappointed Sanae Takaichi as prime minister on Wednesday, 10 days after her historic landslide election victory.

Takaichi, 64, became Japan's first woman premier in October and won a two-thirds majority for her party in the snap lower house elections on February 8.

She has pledged to bolster Japan's defenses to protect its territory and waters, likely further straining relations with Beijing, and to boost the flagging economy.

Takaichi suggested in November that Japan could intervene militarily if Beijing sought to take Taiwan by force.

China, which regards the democratic island as part of its territory and has not ruled out force to annex it, was furious.

Beijing's top diplomat Wang Yi told the Munich Security Conference on Saturday that forces in Japan were seeking to "revive militarism".

In a policy speech expected for Friday, Takaichi will pledge to update Japan's "Free and Open Indo-Pacific" strategic framework, local media reported.

"Compared with when FOIP was first proposed, the international situation and security environment surrounding Japan have become significantly more severe," chief government spokesman Minoru Kihara said Monday.

In practice this will likely mean strengthening supply chains and promoting free trade through the Trans-Pacific Partnership (CPTPP) that Britain joined in 2024.

Takaichi's government also plans to pass legislation to establish a National Intelligence Agency and to begin concrete discussions towards an anti-espionage law, the reports said.

Takaichi has promised too to tighten rules surrounding immigration, even though Asia's number two economy is struggling with labor shortages and a falling population.

On Friday Takaichi will repeat her campaign pledge to suspend consumption tax on food for two years in order to ease inflationary pressures on households, local media said, according to AFP.

This promise has exacerbated market worries about Japan's colossal debt, with yields on long-dated government bonds hitting record highs last month.

Rahul Anand, the International Monetary Fund chief of mission in Japan, said Wednesday that debt interest payments would double between 2025 and 2031.

"Removing the consumption tax (on food) would weaken the tax revenue base, since the consumption tax is an important way to raise revenues without creating distortions in the economy," Anand said.

To ease such concerns, Takaichi will on Friday repeat her mantra of having a "responsible, proactive" fiscal policy and set a target on reducing government debt, the reports said.

She will also announce the creation of a cross-party "national council" to discuss taxation and how to fund ageing Japan's ballooning social security bill.

But Takaichi's first order of business will be obtaining approval for Japan's budget for the fiscal year beginning on April 1 after the process was delayed by the election.

The ruling coalition also wants to pass legislation that will outlaw destroying the Japanese flag, according to the media reports.

It wants too to accelerate debate on changing the constitution and on revising the imperial family's rules to ease a looming succession crisis.

Takaichi and many within her Liberal Democratic Party (LDP) oppose making it possible for a woman to become emperor, but rules could be changed to "adopt" new male members.