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

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 ...

Reuters: England piled more misery on India with a thrilling six-wicket victory in a one-off Twenty20 match at Old Trafford on Wednesday. After losing the test series 4-0, India started brightly in the shortest version of the game and racked up 165 all out, only to see England reach their target with three balls to ...

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 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...

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 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...