The Sri Lankan Piggy Bank
When it comes to saving, Sri Lankans have a lower saving rate than other Asian countries. Compare for example the Sri Lankan saving rate of 23%, compared to that of Singapore (53%), and of Malaysia (33%). India and the Philippines also have a higher saving rate of 31%. Reasons for this could be the low average salary of say 20,000 to 30,000 rps (US138 to US207) per month. However it may be down to the…
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