Remittances drop by 3.7%

Wednesday, 2 August 2017 00:00 - - {{hitsCtrl.values.hits}}

As a result of adverse economic and geopolitical conditions prevailing in the Middle Eastern region, workers’ remittances declined for the third consecutive month in May 2017.

Workers’ remittances at $ 575.4 million in May declined by 3.7% on a year-on-year basis. Consequently, cumulative inflows from workers’ remittances declined by 5.8% to $ 2,797.0 million during the first five months of 2017 in comparison to the corresponding period of 2016.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.