► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />Sri Lanka has elected a new president on Friday. Mahinda Rajapaksa was aiming for a third term as president but has been beaten by a former member of his team, Mathripala Sirisena. The FT's James Crabtree explains the significance of the result.<br /><br />► FT World News: http://bit.ly/1Exp0iJ<br /><br />► FT Business: http://bit.ly/1KUK08s<br /><br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes