Sept 10, Colombo: Sri Lanka's bourse, the Colombo Stock Exchange (CSE) and the Securities and Exchange Commission (SEC) held their "Invest Sri Lanka" Investor Forum at the Shangri-La Hotel in Hong Kong on Monday.
The Forum, showcasing the economic growth prospects and investment opportunities in Sri Lanka's capital market has attracted over a hundred participants, including institutional and high net worth investors, and fund managers.
Eleven leading listed companies from Sri Lanka namely 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 participated in the forum.
Governor of the Central Bank of Sri Lanka Ajith Nivard Cabraal, Chairman of the Securities and Exchange Commission Dr. Nalaka Godahewa and Chairman of the Colombo Stock Exchange Krishan Balendra have addressed the participants and delivered presentations on the latest economic and investment opportunities, a SEC release said.
Addressing the forum, Governor of the Central Bank of Sri Lanka, said, Sri Lanka is the fastest growing economy in South Asia.
"With promising growth in major sectors including ports, tourism, real estate, financial services and outsourcing industries, we believe Sri Lanka will provide an excellent investment opportunity for foreign investors, against the backdrop of a challenging global economy."
Dr. Nalaka Godahewa, Chairman of the Securities and Exchange Commission of Sri Lanka, commented, that the regulatory and infrastructure framework of Sri Lanka's capital market has developed significantly over the past few years and the SEC has been leading major initiatives to enhance the regulatory and financial infrastructure further to be in line with the International Organization of Securities Commissions (IOSCO) standards.
"We will continue to work closely with other international regulatory bodies to better understand and adhere to international standards in order to enhance the confidence of foreign investors in our market and to become a financial center in South Asia," he said adding that foreign investors have been actively participating in the capital market of Sri Lanka which is reflected in a record level of net foreign inflows."
Krishan Balendra, Chairman of the Colombo Stock Exchange, said, they are pleased to have received a positive response from participants for the first ever investor event in Hong Kong.
"With the continuous increase in foreign investor participation in the total market turnover, we are confident that Sri Lanka's capital market will continue to perform well in the next few years," Balendra said. >