By Feizal Samath
COLOMBO, Jan 2 (IPS) - If the global financial crisis slams the brakes on worker remittances from the Middle East, Sri Lanka’s top foreign exchange earner, it could severely exacerbate this country’s economic woes, analysts say.
Shrinking oil incomes in the Middle East have already affected the construction industry and the real estate business in which tens of thousands of Sri Lankans are employed.
‘’There are at least 25,000 to 30,000 Sri Lankans in construction work in Dubai alone. They could lose their jobs, their salaries could get delayed or not be paid at all,’’ said Suraj Dandeniya, former president of the Association of Licensed Foreign Employment Agencies (ALFEA) of Sri Lanka.
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