By Prof. Samitha Hettige US Army hero John Rambo (JR) was a cinema sensation. One may call him a Yankee. He was trained by the US Army, served in Vietnam, destroyed everything which blocked his path and finally was evacuated by the US Army Bell helicopter in the movie. President Jayawardena also known as JR…
Reuters – Global hedge funds are set to register their worst returns in 14 years in 2022 after aggressive U.S. interest rate rises hit asset prices hard, however, their declines are overall smaller than the slump seen in equity and bond markets this year. Some hedge fund strategies that put money in commodities and currencies…
Can metro rail truly be a game changer in terms of boosting the economy and mitigating the suffering of millions? To find the answers, this phenomenon must be examined from various angles By Dr Shafik A. Rahman Bangladesh inaugurates the country’s first metro rail system, MRT-6, in the heart of Dhaka. The need of an efficient…
Reuters – It has been a rough 12 months for emerging markets that have seen more governments stumble into default, currencies suffer and double-digit losses in stocks and bonds alike – though many investors are optimistic that 2023 could bring some relief. Below are the events, trends and topics investors expect to shape the outlook for emerging…
Reuters – When Sri Lanka slid into its worst economic crisis in seven decades leading to deadly riots and alarming shortages of fuel, food and medicines earlier this year, its giant northern neighbour stepped into the breach. India provided about $4 billion in rapid assistance between January and July, including credit lines, a currency swap…
Business Sentiment – The Mercury Drops As 2022 Ends As nitty-gritties with regard to the IMF bailout are still to be resolved – especially with regard to debt restructuring with Sri Lanka’s creditors and the implications of Budget 2023 sink in – it would seem that corporates have retracted their optimism. THE INDEX The LMD-NielsenIQ…
Sanskrit may have been the tool of communication among elite at the time of the Buddha. Some linguists indicate that “Pali”, a simplified version of Sanskrit evolved during the life of Buddha for non violent communication to educate the masses. As per literature, Buddha’s first sermon was delivered at “Isipathana” (Migadaya, an area where Deer…
SL is in a serious economic crisis & it’s a rare opportunity. Typical Sri Lankans may think that the leadership and the population should be always divided. May be it is a result of downloading the West Minister system from above. Most thriving civilisations which didn’t limit its mindset to above including Indian and Chinese…
Former President of the Peoples Republic of China (PRC) Jiang Zemin passed away on 30th November 2022 at the age of 97. He was in office from 1989 till 2002. President Jiang was once the Mayor of Shanghai. It is the international centre of China since the colonial days. When China planned to open its…
The presence of SOEs in strategic sectors of Sri Lanka is proof of the significant value creation it can generate through spillover effects. The societal returns too are greater as it links to our day-to-day activities such as the water we drink, the electricity we use, or even the bus or train we ride. Therefore,…
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