Monday, 9 September 2013 00:14
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The Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) will host the ‘Invest Sri Lanka’ Investor Forum at the Shangri-La Hotel in Hong Kong today, 9 September. More than 100 participants are expected to attend this forum.
The ‘Invest Sri Lanka’ Investor Forum will feature presentations by Central Bank Governor Ajith Nivard Cabraal, Securities and Exchange Commission Chairman Dr. Nalaka Godahewa and Colombo Stock Exchange Chairman Krishan Balendra. w
This will be followed by a Q&A session for investors. There will also be small group discussions with the senior executives of select listed companies for investors who are considering investment opportunities in Sri Lanka.
Eleven listed companies – John Keells Holdings PLC, Commercial Bank of Ceylon PLC, DFCC Bank, Distilleries Company of Sri Lanka PLC, Nations Trust Bank PLC, Dialog Axiata PLC, Hayley’s PLC, Ceylinco Insurance PLC, Access Engineering PLC, People’s Leasing & Finance PLC and Tokyo Cement Company (Lanka) PLC – will be conducting one-on-one meetings with the foreign investors at the forum.
The foreign investor contribution to the total market turnover of the CSE has increased to 38% during the year-to-date, in comparison to 25% in the year 2012. The market has also recorded a net foreign in flow of Rs. 18 b year-to-date.
Cabraal said: “In Sri Lanka, the stage is now set for the economy to move to a US$ 100 billion economy and to raise per capita income to US$ 4,000 by 2016. We invite foreign investors to join us and be active partners in this exciting journey.”
Dr. Godahewa commented: “As the regulator, our primary function is to protect the interest of investors and facilitate market development. It is very important for us to understand the fine line between two objectives and strike the correct balance. Since the end of the war the market has started delivering encouraging results and the CSE has been experiencing a record level of foreign inflow in recent times. Currently foreign investors account for approximately 38% of the total market turnover.”
Balendra said: “I am confident that the market will recover given their attractive valuations and the growth potential of the country and the corporate sector.”
