Daily News Channel
The Sri Lankan national flag is everywhere in Colombo these days. In the last months of the Sri Lankan government’s 26-year war against the Liberation Tigers of Tamil Eelam , the national flag — a sword-bearing lion on a deep red field — was flown at rallies each time the Sri Lankan army gained ground against the LTTE.
Eighteen months ago, when the world was awash in asset bubbles, there was perhaps no market more overheated than commodities. Prices of everything from iron ore to palm oil to corn reached dizzying heights.
The current global economic downturn will change the worldwide power structure, giving China and India a stronger role to play in the future, Singapore’s foreign minister said Tuesday. “China and India will continue to grow and by the time this is all over, the global landscape will look quite different,” George Yeo told a group of visiting foreign journalists