FairFX Travel Money Card calls for greater transparency in the foreign currency exchange industry
www.fairfx.com - Stephen Heath, Chief Foreman of the company behind the FairFX Travel Money Card calls for greater transparency in the foreign ...
Leisure, banking and manufacturing sectors to grow in 2010
Lankan firms in leisure, banking and manufacturing sectors will attract growth next year, according to stock market analysts. Arjuna Dissanayake, Vice President Acuity Stockbrokers said the main sectors that will see growth will be the leisure sector, together with the manufacturing sector catering mainly to the construction industries like cement, tiles and cables.
“The leisure sector will have an advantage with the currant environment due to the existing infrastructure and will be geared to maximize return on the expected tourism boom,” he said, adding that the primarily reason is the construction and infrastructure development seen around the island together with new projects and expected interest on housing due to reduction in interest rates.
Waruna Singappuli, Head of Research NDB Stockbrokers said that hotels will see their occupancy rates and room rates increasing significantly. He said that foreign investors are bullish on the banking sector in order to get an exposure to the overall economy while the post war development activities across the country will see the manufacturing sector attracting growth. “Demand for property and rates could be expected to increase gradually and will result in increase in demand for property shares,” he said.
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Leisure, banking and manufacturing sectors to grow in 2010 “Steadiness in foreign exchange rates due to the IMF facility would give more confidence to the banking sector to participate in foreign currency |
