Singaporean and Southeast Asian investors enthusiastic about investing in Sri Lanka
The Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC), in association with Bloomberg Data services successfully hosted its first Foreign Investor Forum for 2014, in Singapore.
The event held at the Ritz Carlton, Millennia Singapore, saw over 200 institutional investors, investment banks and financial advisors from Singapore and the region attending the forum. Senior Minister for International Monetary Corporation and Deputy Minister of Finance and Planning Dr. Sarath Amunugama and Governor of the Central Bank Ajith Nivard Cabraal made the keynote addresses. In order to provide regional investors with a broad analysis of the economic climate in Sri Lanka, Director & Sri Lanka Country Head of Copal Amba (A Moody’s Subsidiary) Chanakya Dissanayake made a presentation focusing on the expected returns from the Sri Lankan economy in the coming years.
The forum also featured a panel discussion featuring Minister Dr. Amunugama, Governor Cabraal, Chairman Securities and Exchange Commission of Sri Lanka Dr. Nalaka Godahewa, Colombo Stock Exchange Chairman Krishan Balendra and High Commissioner for Sri Lanka in Singapore Ferial Ashraff. “Sri Lanka is quickly emerging as a prominent contender within the region; we have demonstrated exceptional growth figures in the past four years. The political stability within Sri Lanka has attracted internationally reputed hotel chains such as Shangri-La, Hyatt and Movenpick,” Minister Amunugama said, adding that Singapore has always been an important centre for foreign investments in Sri Lanka. There is growing interest among the new generation of investors in the Sri Lankan Capital Market. This forum will enhance those opportunities and will certainly help in fast tracking such investments to Sri Lanka. “The just conducted Investor Forum was able to project a strong message of Sri Lanka’s preparedness for doing business in the post-conflict economy,” commented Cabraal.