Last week’s My View talked about six popular fallacies of currency or exchange rate appreciation which both the authorities and the public have tended to harbour in themselves. Of them, the following three were discussed in detail: Fallacy One: The government can fix the external value of a currency at any level it wishes. Fallacy ...

Gives comprehensive address highlighting issues of developing countries Shoots down discriminatory practices by developed countries Outlines post-war development, reiterates stance against terrorism Backs Palestine, Cuba and Africa By Nisthar Cassim in New York In his much-anticipated address to the UN, President Mahinda Rajapaksa yesterday took a comprehensive local, regional and world view, with...

by Tisaranee Gunasekara Basil Rajapaksa is unabashed in claiming that in Sri Lanka an era of ‘ruler kings’ has begun. Western ideas of transparency, he claims, along with limits of presidential power and accountability, are not relevant to ‘Asian Culture’.”...