Fitch Ratings says in a newly published special report that credit growth in emerging markets (EMs) is likely to slow in 2012 due to the weaker global economic outlook, policy moves by EM authorities to prevent overheating and base effects. Banking systems in most EMs which experienced rapid credit growth in 2010-H111 remain sound. However, ...

The Group of 20 heads of state met in France in early November launching an annual group meeting of the heads of State. The G20 is made up of Argentina, Australia, Brazil, Canada, China, the EU, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea

Reuters: New investors who have shown interest in Sri Lankan oil and gas exploration await the results of Cairn India’s drilling of a second well in the Mannar Basin before committing to anything, Sri Lanka’s Oil Minister said on Tuesday. Petroleum Industries Minister Susil Premajayantha confirmed that Russian gas export monopoly Gazprom, Malaysian State oil ...

In the previous two ‘My Views,’ the following five popular fallacies of appreciating the exchange rate were discussed: Fallacy One: A Government can fix the exchange rate at any level it wishes. Fallacy Two: An appreciated exchange rate is a symbol of a country’s strength and prestige. Fallacy Three: The appreciation of the exchange rate ...

Justice and fair-play is paramount Justice and fair-play are of paramount importance to all members of the world family consisting of 193 nations expecting justice and fair-play equally. It is the principle on which the United Nations was established in place of the less-effective League of Nations, in order to settle differences among nations based ...

By Cheranka Mendis WSO2Con 2011, the much looked forward to, user conference for technology enthusiasts kicked off yesterday at the Water’s Edge, promising three days tech-savvy interaction to more than 250 participants from all over the world. With over 40 sessions planned out with speakers from 10 countries alongside local speakers and participants, the conference ...

The gem mining sub-sector grew by 7.9% in 2010. The gem and jewellery exports too reported 1.56% positive growth in 2010. Even in the first-half of 2011, increased earnings from mineral exports were led by higher exports of gems which increased by 35.5% in the first half of 2011, according to the Central Bank. The ...

It’s strange how the innovations of the world tend to wrap around our daily life. One of them is the brand Facebook. I have been trying to locate a friend of mine for the last 12 years and failed, until I used a modern IT application like FB and today I realise the power of ...

Eshana De Silva, the Chairman of the Esna Group of Companies and Shermans Logistics has been officially appointed as the Honorary Consul to Kazakhstan. De Silva is also a Director of Pan Asia Bank, Mc Marine and functions as a board member of the Board of Investment (BOI) and the Sri Lanka Ports Authority (SLPA). ...

Hatton National Bank plc (HNB), the only local bank to be a member of the Asian Bankers’ Association (ABA), reaped the dividends of this relationship at the height of the Great Recession which hit the world four years ago. Rajendra Theagarajah, HNB’s Managing Director/CEO and the incumbent ABA Chairman told reporters on Wednesday that his ...

by M.D. Nalapat That old habits die hard is clear from the way in which the functionaries of the European Union seek to influence the developing economies on the best way to manage their nations. And woe betide those leaders...

By Malathi De Alwis On 18 May 2009, Sri Lanka officially declared the end of a 30-year civil war fought between. Sri Lankan government forces (GoSL) and Tamil militants, namely the Liberation Tigers of Tamil Elam (LTTE). Such a sea...

by Dr.Dayan Jayatilleka “The contest is never over, the field never quite ours.”- Dave Robicheaux in James Lee Burke, ‘The Tin Roof Blowdown’ (2007) Is it only me, or is not sad that there is no review in the Sri Lankan public space, of the first decade of the 21st century and the new millennium? Should we not be looking back at the road that has been travelled by the world, by our co...

By Indi Samarajiva Behind every conspiracy, there’s a Private First Class, getting the coffee. There have always been leaks. WikiLeaks is just a digital bucket. The Leaks Bradley Manning had been busted down to Private First Class for assaulting an officer. It was the latest in a series of troubles for the 22 year old ...

by Ranil Wickremesinghe By the 4th century BC, Asia had begun its first cycle of economic growth and power. This was the reason why Alexander the Great decided to travel eastward to establish an empire. At that time there was...

China has become Sri Lanka’s top bilateral lender up to September 2010, displacing Japan. Sri Lanka has racked up 2,481 million US dollars in bi-lateral and multi-lateral financing up to September 2010, the highest ever volume of foreign financing commitments, with China leading the way with 668 million US dollars of export credits. According to ...

By Dr. Dayan Jayatilleka The other day I was discussing contemporary Sri Lankan trends over lunch with a friend, an LSE educated professor who is on the faculty of the LSE, who promptly proffered his parallel: “Russia’s Putin and Russia under Putin… but can the model sustain without natural

BY Dr. Dayan Jayatilleka The other day I was discussing contemporary Sri Lankan trends over lunch with a friend, an LSE educated professor who is on the faculty of the LSE, who promptly proffered his parallel: “Russia’s Putin and Russia under Putin… but can the model sustain

By Anusha Ondaatjie and David Yong Sri Lanka received more than $6 billion of orders for its global sale of $1 billion in government debt, according to an official, who asked not to be identified because the details have yet...

The Forbes magazine has ranked Sri Lanka high in its list of best countries in the world to do business. Sri Lanka ranks above China (90th), Philippines (91st), Russia (97th) and many of the South American nations. Being at the 83rd place, Sri Lanka is second only to India (77th) in South Asia

by Dr. Dayan Jayatilleka The ongoing visit by the much-decorated chief of the Indian army provides an occasion for an objective perspective on Sri Lanka’s military achievement as well as the reactions to it. The Lankan military victory and our military have earned the respect of military professionals the world over. If they haven’t been exactly hailed or has sometimes been "dam...

By Dr. Janaka Ratnasiri Since winning the war, according to media reports, persons in both the public and private sectors have been talking about converting Sri Lanka into various hubs in such sectors as business, aviation, shipping, energy etc....