Tuesday, 27th January 2015

Business Editor: 0094 11 242 9221 / E mail: business@dailynews.lk

Business

The easing of the ban for tourists to travel to the North East has brought in  unprecedented benefits for the economy in the region, says the hoteliers, investors and the chambers. The Jaffna International Trade Fair (JITF) held last week saw many foreigners visiting Jaffna making a visit to purchase goods and items on offer there. Here a foreign couple at a stall looking for clothing . Picture by Shirajiv Sirimane.
The easing of the ban for tourists to travel to the North East has brought in  unprecedented benefits for the economy in the region, says the hoteliers, investors and the chambers. The Jaffna International Trade Fair (JITF) held last week saw many foreigners visiting Jaffna making a visit to purchase goods and items on offer there. Here a foreign couple at a stall looking for clothing . Picture by Shirajiv Sirimane.
Sri Lanka’s external sector improved further with continued inflows being recorded in the Balance of Payments (BOP). Cumulative foreign exchange inflows to the country in the form of earnings from exports and tourism as well as workers’ remittances strengthened the current account of the BOP during the first eleven months of 2014. This together with inflows to the financial account by way of foreign direct investments, inflows to the Colombo Stock Exchange (CSE) and private sector have supported the BOP to record a higher surplus,the Central Bank said. Export earnings on a cumulative basis...