Dec 27, Colombo: Sri Lanka's Colombo Stocked Exchange (CSE) together with the Sri Lanka Foreign Employment Bureau (SLFBE) has recently conducted awareness programs to enlighten the skilled migrant workers from across the island on the importance of financial planning.
The seminars on the "Potential Value of the Market and the Importance of Personal Financial Planning" were held at the SLFEB regional training centers in Bogawanthalawa and Athurugiriya.
The program targeted more than 500 applicants who are about to pursue new employment opportunities in South Korea.
The program offered many of the participants an opportunity to clarify any misconceptions they had about the Capital Market
The objective of the programme was to encourage migrant workers to channel their funds back to the country via the Stock Market either directly or through Unit Trusts.
"This programme gave me a broad understanding of the CSE. I was able to clear up a number of mistaken beliefs and negative information that I had gathered about the Stock Market," one participant from Galle said.
"Through this programme I learned the correct method of engaging with the stock market. Because we have heard of so many people who had bad experiences. But today I learned that if one invests wisely in the Stock Market, there are good gains to be achieved," another participant from Ratnapura said.
A participant from Angoda said the programme was eye-opening, since it educated her on the various avenues of investment accessible through the Stock Market.
Others expressed the view that the program stimulated their interest in the Stock Market and encouraged them to do more research in the area of investing since the investing in the Stock Market provides the best returns on their money.