A trio of U.S. economists including Former Federal Reserve chief Ben Bernanke won this year s Nobel Economics Prize on Monday for research on how propping up failing banks can stave off an even deeper economic crisis.

(Al Jazeera) French author Annie Ernaux, known for her deceptively simple novels drawing on personal experience of class and gender, has been announced as the winner of the Nobel Prize in literature.Ernaux was honoured “for the courage and clinical acuity with which she uncovers the roots, estrangements and collective restraints of personal memory”, the jury […]

This currency crisis and banking crisis were originated firstly by policy mis-management from the central bank

The people who raised their hands when these policies were made are now blaming us

In India, religion and socialism commingle and collide.

We must first set ensure that politics is led by economics and science, and not the other way around.

By Dr UPUL WIJAYAWARDHANA On Friday 23rd, the British Chancellor of the Exchequer was billed to present a mini-budget, but what he actually did took everyone by surprise, as it was a budget and half! It was full of tax cuts including the reduction of the basic rate of income tax from 20% to 19%, […]

Country's financial literacy has been low and many rural investors had to leave with empty hands in 2011 market collapse

The Central Bank of Sri Lanka co-hosted the CBSL-ADBI-APAEA Online Macroeconomics Conference for the third consecutive year, in collaboration with the Asian Development Bank Institute (ADBI) and the Asia-Pacific Applied Economics Association (APAEA), on 23 September 2022. This year’s theme remained

From a philosophical point of view, Islamic financial markets are actually risk-sharing stock markets with moral issues defined by the shariah. So far, few Muslim countries have used stock markets to make social change. A third way, therefore, is already technically feasible. All it takes is some courage to think and act ou-of-the-box. By ANDREW […]

By Stella Yifan Xie HONG KONG—The sharp slowdown in China’s growth in the past year is prompting many experts to reconsider when China will surpass the U.S. as the world’s largest economy—or even if it ever will. Until recently, many economists assumed China’s gross domestic product measured in U.S. dollars would surpass that of the […]

by Dayan Jayatilleka, PhD Watching Mikhail Gorbachev who died last week at the World Festival of Youth and Students in the Summer of 1985, I had a thought which I later recorded in an article in the Sri Lankan newspapers. I felt, and wrote, that “at last we have a Soviet leader we do not […]

Electricity subsidies, surcharges, and rooftop solar units: by Dr Tilak Siyambalapitiya The Public Utilities Commission of Sri Lanka (PUCSL) altered the CEB’s proposed prices and price structure, then amended its own proposal, and announced higher electricity prices, to be effective from 10 August 2022. Neither the CEB nor the PUCSL presented, to customers, the actual […]

The Minister of Finance has repeatedly told the public that the government would pay debts of the nation, owed to foreigners, and also maintain standards of living, both at the same time. Nobody can do that. Nobody can make an omelette without breaking an egg. In that degree it is a lie, no not even […]