Occupy Wall Street, occupy the London Stock ExchangeThe frustrations caused to the unemployed, the poor and the marginalised by the international and national economic crisis has spilled out onto the streets in the capital cities of the world’s leading and emerging economies. It has spread at the last count to over 900 cities in over ...

The Institute of Policy Studies or IPS has once again issued its annual assessment of the Sri Lanka’s economy in 2011 six months before the Central Bank of Sri Lanka would do so in March next year. Though the report contains a fair, constructive and elaborative assessment of the state of the economy, no adequate ...

 (Reuters) : For an October revolution, dress warm. That's the word going out – politely – on the Web to rally street protests on Saturday around the globe from New Zealand to Alaska via London, Frankfurt, Washington and, of course, New York, where the past month's Occupy Wall Street movement has inspired a worldwide yell ...

NEW DELHI (Reuters) : India hosts the leaders of Myanmar and Vietnam this week, giving New Delhi the opportunity to forge closer economic and security ties with two countries encountering testy relations with India’s giant regional rival, China. Hungry for reclusive Myanmar’s natural gas reserves, timber and farm exports to feed its rapidly expanding economy, ...

By Harsha Udayakantha Peiris  A new book in Sinhala on strategies of Foreign Trade in Sri Lanka by B.A.H.P.Sumith Peiris was launched at the Cargo Operations Centre of the Sri Lanka Ports Authority (SLPA) in Peliyagoda recently with the initiative of the Minister of State Resources & Enterprise Development Dayasritha Thisera. The newly published book ...

MP charges that Government is focusing only on physical infrastructure and adopting a top-down development approach instead of a more inclusive and participatory humane political futureUnited National Party Parliamentarian Eran Wickramaratne asserts that the Government is depleting the resources of the municipality on an election extravaganza. In a candid interview with the Daily FT, the ...

SEOUL (Reuters): South Korea’s manufacturing sector activity shrank the most in 11 months in September as new export orders fell sharply, reinforcing fears of a slide back into global recession that are battering financial markets in one of Asia’s most vulnerable economies. Economists said findings from the survey of South Korean purchasing managers at manufacturing ...

Leif Lybecker Eskesen, Chief Economist for HSBC India and ASEAN will visit Sri Lanka this week. During his visit, he will address the Bank’s corporate customers on ‘Asia’s Inflation – Growth Tango: who’s dominating the dance?’ at a special Power Breakfast, scheduled to be held on 7 October 2011, at the Cinnamon Grand Hotel. Leif ...

With the World Bank announcing that the world economy is teetering on “a new danger zone,” it is of paramount importance for governments and financial power-houses to restore confidence through concrete policies and systematic financial planning. This is the order of the day, given the recent pessimistic report on the world economy delivered by Morgan ...

THE Monetary Board, with the concurrence of the Finance Minister has promoted three Assistant Governors, the Central Bank announced yesterday. They are Dr. P. Nandalal Weerasinghe and B.D.W.A. Silva with effect from 27 September and C. Premeratne with effect from 1 January 2012 to the posts of Deputy Governor. Details of their careers are given ...

Rotary International president Kalyan Banerjee called for renewed co-operation between countries in South Asia, to make the most of the opportunities presented by what he called the age for South Asia, in a rapidly and drastically changing world. “This time, more than ever, we need to bring our countries closer together, strengthening the many bonds ...

LONDON: Here’s a bold prediction to feed Western worries that power is shifting inexorably to the East: China’s yuan could overtake the US dollar as the world’s principal reserve currency as soon as next decade. Beijing has been promoting the use of the yuan beyond its borders since 2009 to settle trade transactions. The resulting ...

Top professionals Professor Malik Ranasinghe and Dhara Wijayatilake have been appointed to the Board of Directors of Sampath Bank. The Non Executive Independent directorships have expanded the Sampath Bank Board to 14 and with an alternative director it is 15. Several senior members of Sampath Bank Board will be relinquishing their posts later this year ...

On 28 July, the Ministry of Foreign Affairs of Japan announced the list of recipients for the Foreign Minister’s Commendation for the fiscal year 2011.  The Foreign Minister’s Commendations are awarded to individuals and groups for their outstanding achievements in international fields, to acknowledge their contribution to the promotion of friendship between Japan and other ...

Reuters: Emerging markets will not save the world if the West slides back into recession. In an interconnected global economy, decoupling is a beguiling myth. As fears mount that the developed world is shifting from slow growth to no growth, emerging markets seem to many economists better placed to weather the storm than they were ...

Our ‘poli-socionomic’ dialogue You will recall that like Capt. Kirk in his Star Ship-Enterprise,’ we also ventured into new territory with our first discussions under this theme ‘poli-socionomics,’ which appears to have caught on somewhat; thus, on behalf of those of us who still dare to think, I must thank those editors who carried it. ...

(Reuters) – Fitch Ratings said on Tuesday it affirmed the United States’ top-notch credit rating at AAA, giving the world’s largest economy a reprieve after it was downgraded by Standard & Poor’s little more than a week ago. Fitch said the outlook for the rating was stable. However, it warned that the United States was ...