Author: Editor
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Rajapaksa seeks third term as Sri Lankan president
Seeking a third term, Sri Lankan President Mahinda Rajapaksa on Thursday announced presidential elections ahead of schedule. The decision to hold presidential polls, expected in January next year, comes two years before the expiry of 69-year-old Rajapaksa’s current six-year term. “I am declaring a secret today. I have signed the proclamation calling for the election,…
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G20 leaders commit to reviving global economy
Ebola and climate change were among the non-economic topics mentioned in a joint statement by the Group of Twenty (G20) after their two-day summit in Brisbane, Australia that ended on Sunday, Nov. 16. On the economic front, the leaders of the G20 committed to reviving the subdued global economy with a $2 trillion, or 2.1 …
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India, US reach deal to break WTO impasse
In a major victory for India, the US on Thursday agreed to support the former’s demand to be allowed to continue with its food stockpiling scheme. In return, India will lift its veto on a global agreement on streamlining customs rules, known as the Trade Facilitation Agreement (TFA), being negotiated by the members of the…
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Indian PM Narendra Modi to Visit Myanmar, Australia and Fiji
Indian Prime Minister Narendra Modi will have an unusually-long 10-day foreign trip starting November 11, 2014. “Starting 11th November I would be travelling to Myanmar, Australia and Fiji to participate in various summits and bilateral meetings,” Modi said in a statement. The Indian PM is to attend two key multilateral summits – ASEAN & East…
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Sweden Recognises Palestine. Will Others Follow?
One of the first foreign policy announcements made by Stefan Lofven upon taking over as Prime Minister of Sweden early this month was that Sweden would be the first country in European Union (EU) to recognise Palestine. On Thursday, Sweden officially recognised the state of Palestine, a move welcomed by Palestinians but roundly derided by…
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Singapore is the best country in the world to do business: World Bank
Singapore is the most business-friendly economy in the world, according to the latest annual study by the World Bank, “Doing Business 2015: Going Beyond Efficiency”. This is the ninth consecutive year the Southeast Asian country has been ranked the best country to do business. The top 10 countries in terms of business business-friendly regulatory environments…
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India to supply naval vessels to Vietnam
In a subtle message to China, Indian Prime Minister Narendra Modi said on Tuesday that India would supply naval vessels to Vietnam. This would be India’s first significant military transfer to Hanoi. The development is notable as it comes at a time when Vietnam is tied in a territorial dispute with China on the south…
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Dilma’s Dilemma
Having won the tightly-contested the Presidential election, albeit by a narrow margin, Dilma Rousseff has her task cut out. In her second term as Brazilian president, Dilma has the tough job of perking up the country’s stagnant economy in her four-year term. Acknowledging the challenge ahead, Dilma said she should take measures to combat inflation…