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Thursday, 16 December 2010

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‘Achieving double digit growth not difficult’

The Sri Lankan economy has been keeping stable exchange rates and external reserves, which reflects on the stable macro economic condition.

Dr Sarath Amunugama

The services sector has become a vital and fast growing sector of the economy expecting a growth rate of eight percent during next year, Senior Minister Dr Sarath Amunugama said. “The Government expects to increase the economic growth to a double digit level in five to six years. The economic condition in Sri Lanka is improving faster than the developing countries thus going for a double digit economic growth will not be a difficult task,” he said at the Money Brokering Certificate Awarding Ceremony recently.

With the new budgetary concessions given to the corporates and companies, there will be a significant growth in foreign exchange transactions, Sri Lanka Money Brokers Association, President, Ashan Dasanayaka told Daily News Business.

He said that the present money brokering companies are sufficient to cater to the demand of the country.

There are nine money brokering companies in the country and the transactions are done on hotlines. The money brokering companies deal with all the primary dealers and non-primary dealers such as the Insurance Corporation in the country.

Money Brokers, to be in line with the Forex dealers felt the need of a professional exam and thus initiated the Certificate Course on Money Brokering which will upgrade to a diploma in time to come.

The awarding ceremony was conducted by the Sri Lanka Money Brokers’ Association and the Institute of Bankers of Sri Lanka. HP

 

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