Sri Lanka’s president reshuffled his cabinet on Tuesday after the defection of several ministers from his party, but the changes did not impress some market watchers looking for an end to the country’s political uncertainty.

President Maithripala Sirisena shifted 18 cabinet members, including reassigning posts once held by defectors from his ruling Sri Lanka Freedom Party (SLFP).

The reshuffle came after 16 SLFP members of parliament, most of them ministers, joined the opposition last month after a failed move to oust Prime Minister Ranil Wickremesinghe through a no-confidence motion.[nL4N1RH51S] The motion was sponsored by opponents who blame the prime minister for failing to prevent an alleged scam in the bond market and anti-Muslim riots in March.

Courtesy of www.reuters.com