Foreign remittance tops US $ 6 mn mark
Sri Lankan foreign remittances will reach a
record US $ 6 million mark by the end of this year. This figure was
US $ 5.2 billion last year and $ 4.7 billion in 2010. One of the
main reasons for the figure rise was the policy shift of sending
more qualified and semi qualified Sri Lankans for overseas
employment. In addition moving away from the traditional Gulf market
too has helped Sri Lanka to consolidate its position in the foreign
remittance market.
Full Story
Fitch rates Abans's Commercial Paper ‘F2 (lka)’
Fitch Ratings has assigned Sri Lanka's Abans Pvt
Limited's (Abans, ‘A-(lka)/Stable’) commercial paper (CP) issue of
up to Rs 250 million a National Short-Term rating of ‘F2(lka)'.
Full Story
'Capital market important component of financial sector'
The capital market is a very important component
of the financial sector which supplements the role of the banking
system in the economic developments of our country, said Dr Sarath
Amunugama, Senior Minister of International Monetary Co-operation
and Deputy Minister of Finance and Planning, speaking at the
Security Exchange Commission (SEC) awards ceremony last Saturday at
BMICH.
Full Story
|