Growth in private remittances
Private remittances grew by 17.0 per cent to US
dollars 1,758 million during the first eight months of 2007,
containing the current account deficit. The overall balance of
payments registered a surplus of US dollars 81 million and the gross
official reserves stood at US dollars 2,610 million (3.0 months of
imports) by end August 2007.
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Powdered milk prices - lowest in the world
Despite the recent increase of powdered milk
prices Sri Lanka still offers the lowest prices in the world.
However with the recent global price hike in powdered prices an
immediate increment is needed to sustain their operations, says
importers.
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Bond places Lanka on global map
A total of 136 major investors have bought into
Sri Lanka's debut sovereign bond despite political opposition to the
deal, the prestigious Finance Asia magazine reported yesterday.
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