Developing countries and emerging markets
The global meltdown witnessed recently has had reverberating impact across the entire world. The impact on global trade has resulted in what might be a permanent change in global economic leadership.
Association of Chartered Financial Analysts responds to Chandra Jayaratne
With reference to the letter sent by Chandra Jayaratne (See Daily FT story titled ‘Chandra J writes to Association of CFAs over broker research reports’ in yesterday’s issue), Vice President of CFA Sri Lanka Malinga Arsakularatne has issued the following response:
Strengthening governance
Response to global crises must prioritise zero tolerance for corruption
Berlin: With governments committing huge sums to tackle the world’s most pressing problems, from the instability of financial markets to climate change and poverty, corruption remains an obstacle to achieving much-needed progress, according to Transparency International’s 2010 Corruption Perceptions Index (CPI), a measure of domestic, public sector corruption released this week.
Taking the COPE call full distance
THE Committee on Public Enterprises (COPE) has decided to summon all past and present heads of loss-making State Owned Enterprises (SOEs) to divulge the reasons behind this gross wastage of public funds. However, it is questionable whether this move alone will provide the long-awaited incentive for making profits and lessen the burden on the common man.
Banker extraordinaire
Rienzie T. Wijetilleke celebrates 50 years of banking
Fifty years ago, on 31 October 1960, a young man walked into Bank of Ceylon to accept his letter of appointment. He started work at the bank the next day, 1 November.
Mexico Senate approves plan to cut 2011 defic it
MEXICO CITY, (Reuters) – The Mexican Senate approved a plan to trim the government’s deficit next year, although not by as much as President Felipe Calderon had proposed.
Dollar rises on Fed view, stocks slip
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HONG KONG, (Reuters) – The U.S. dollar edged up on Wednesday on doubts the Federal Reserve will aggressively buy assets to pump more money into the system, while commodity stocks led Asian stocks lower.
Oil down in Asian trade
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SINGAPORE, (AFP) – A predicted surge in US crude inventory data dragged down oil prices in Asian trade on Wednesday, analysts said.
New York’s main contract, light sweet crude for delivery in December, shed 30 cents to 82.25 dollars a barrel.
Sri Lanka is good, now become great
If growth and development of an economy is a game of baseball, Sri Lanka is still in the first innings with eight more innings to go. That said, Sri Lanka must not forget that impressive progress has been made within the past couple of months thanks to the end of war, which has put Sri Lanka on the map for frontier markets.
Frontier markets turn up the heat
FRONTIER market investment has come a long way since its beginning. Investors who were followed, bugged and had their passports confiscated and had to make emergency landings 10 to 15 years ago now pass through airports with ease and sometimes even without visas and are welcomed with open arms by people eager to hear their story. LaGuardia is probably the best example of all this.
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