With fresh parliamentary elections scheduled for August 17, Sri Lanka’s politics has once again entered a phase of some uncertainty. The fate of the ‘silent revolution’ of January 8, 2015, which saw the autocratic regime of Mahinda Rajapaksa being replaced, is in the balance. If Rajapaksa returns to power as Prime Minister with a parliamentary […]
In a move that could help China establish a foothold in the Indian Ocean region, the Maldives has passed a law allowing foreigners to own land.The constitutional amendment bill passed by the Maldivian parliament Wednesday will allow foreign parties who invest at least $1 billion to lease land on the project site on a freehold […]
Perhaps no one in the world would relish a general election campaign between Hillary Clinton and Jeb Bush—apart from the two candidates themselves—more than the mandarins in Beijing. Already, official Chinese news coverage of the 2016 primary season is highlighting the back-and-forth baton exchange between the Clinton and Bush families. Other U.S. presidential candidates are often […]
One likely Saudi Arabian response to the deal its biggest enemy Iran has struck with world powers is to accelerate its own nuclear power plans, creating an atomic infrastructure it could, one day, seek to weaponise. But while it has recently made moves to advance its nuclear programme, experts say it is uncertain whether it could […]
The five BRICS countries are home to 42.6 percent of the global population, 21 percent of the world’s economy and nearly half of the world’s forex reserves, but have been marginalized in the global financial landscape. For example, in the World Bank, the five have a total of only 13 percent of voting rights, while […]
Asian leaders could be excused a degree of exasperation over the ongoing Greek mess. China’s slowdown and stock-market chaos are worry enough; the last thing the export-dependent region needs is a Europe in chaos. Worse, European leaders seem intent on misreading or ignoring lessons from Asia’s own brush with collapse. Read Here – Bloomberg
The problem is that China’s recent slowdown from 10 percent annual growth to about 7 percent is only the beginning. The recent drops in housing and stock prices are harbingers of a further economic moderation. That is inevitable, since no country can grow at a breakneck pace forever. And with the slowing of China, Brazil […]
What is this culture that everyone in Java speaks of? In the nation’s most populous island, syncretism is locked into the DNA. It is bizarre for the Javanese to think of their religion and their cultural history as incompatible; Hindu stories are part of their legacy, even though their religious affiliation might lie elsewhere. Read […]
Defenders of Barack Obama’s Iran deal ask a seemingly practical question of its critics: What would you do instead? But that question is only seemingly practical, not actually practical. The deal won’t go into effect only if two-thirds of both houses of Congress vote to override a presidential veto of a joint resolution of disapproval. Ten […]
The ongoing war in Eastern Ukraine casts a long shadow over areas of shared American and Russian interest, making the Obama administration’s 2009 “reset” in relations appear a distant memory. However perceptions have shifted in the intervening six years, common concerns still exist between Washington and Moscow; chief among them: terrorism. For this reason, U.S. […]
