Rs. 15 b inflow to Govt. security market in 30 days post Investment Summit

Friday, 6 May 2016 00:42 - - {{hitsCtrl.values.hits}}

The Sri Lanka Investment Summit in Singapore ended on a high note on 15 March 2016. Attended by hundreds of professionals from various corporations in the financial industry, the summit hosted a number of prestigious speakers, including high-profile members of the Sri Lankan Government and notable personalities of the finance and commercial world.

Investor confidence received a huge boost at this summit, increasing Sri Lanka’s chances of positioning itself as one of the fastest growing economies in Asia.

This was aptly demonstrated in the month following the summit, where the country experienced a complete turnaround with a net inflow of Rs. 15 billion, stemming what was a steady decline, with outflow of nearly Rs. 270 billion in the 12 months preceding the summit.

“Sri Lanka is the next best thing just about to happen, and when it takes off, Sri Lanka will not need to have marketing or promotions of any sort as it will take off faster than a rocket. But until that moment, the pearl of the Indian Ocean needs to earn and build up a level of trust with the investor. We believe in Sri Lanka. It’s a matter of time before everyone else does,” CEO/Head of Group Treasury of Perpetual Treasuries Limited Kasun Palisena said.

Perpetual Treasuries has made it their mission to connect both local and international investors with opportunities in Sri Lanka’s debt and equity markets, and to support the growth and development of Sri Lanka’s capital markets through the provision of specialised investment services.

Driving this, they were one of the prime sponsors of this recently concluded investment summit in Singapore.