Lankapage Logo CP 19 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Invest Sri Lanka Forum in London draws interest and engagement among UK investors
Thu, Oct 11, 2018, 09:35 am SL Time, ColomboPage News Desk, Sri Lanka.

Oct 11, Colombo: A large gathering of Institutional Investors based in London showed a keen interest in investing in Sri Lankan equities while attending an Invest Sri Lanka Forum held at the London Stock Exchange recently.

The Forum, which was organized by the Colombo Stock Exchange (CSE) in association with the Securities and Exchange Commission of Sri Lanka (SEC), attracted a number of UK- based frontier and emerging market Institutional Investor representatives.

An event in Edinburgh, Scotland will also be held as part of the Invest Sri Lanka road show presently taking place in the United Kingdom (UK).

Through the years, Institutional Investors based in the UK have consistently had a strong investment presence in the Sri Lankan stock market and the UK remains to be one of the leading investors of Sri Lankan equities.

A high-level Sri Lankan delegation representing the Government of Sri Lanka, the Central Bank, the Securities and Exchange Commission of Sri Lanka, the Colombo Stock Exchange, Sri Lankan listed companies and Stock broker representatives were at the Forum to collectively make a case for the Sri Lankan capital market.

In what is a key feature of Invest Sri Lanka Forums, the event also facilitated over 45 One-to-one/group discussions between Investors and Chief Executives/Senior Representatives of Sri Lankan Listed Companies. John Keells Holdings PLC, Commercial Bank of Ceylon PLC, Dialog Axiata PLC, Hatton National Bank PLC, Sampath Bank PLC, MelstaCorp PLC, People's Leasing & Finance PLC, Nations Trust Bank PLC, Aitken Spence PLC, Tokyo Cement (Lanka) PLC, Sunshine Holdings PLC, Union Bank of Colombo PLC and Resus Energy PLC were represented at the event.

The State Minister for Finance and Mass Media Eran Wickramaratne, who made the keynote address at the Forum said "2017 resulted in the largest ever inflow of foreign investment into the Sri Lankan stock market in its history. This was a response to Sri Lanka's prudent macro-economic management resulting in reduced budget deficits, higher government revenue, decreasing inflation, increased exports, an improved foreign exchange reserves balance and an all–time high in foreign direct investment. Despite the hike in the US Dollar, the comparative value of Sri Lankan stocks with comparable Asian markets augments well for the performance of the CSE in the near future."

The Forum was offered a strong endorsement from the Chief Executive Officer of the London Stock Exchange PLC Nikhil Rathi, who spoke of the potential value of investing in Sri Lanka, stating that London Stock Exchange Group is one of the largest direct investors in Sri Lanka. He went on to reaffirm LSEG's commitment to strengthening its relationship with Sri Lanka and noted that LSEG would continue to grow its presence and facilities in the country.

Member of the Monetary Board of Sri Lanka Nihal Fonseka offering perspective on the monetary policy and the macro-economic outlook, stated that broad-based reforms under the IMF agreement has complemented the efforts of the Government, while noting that ongoing trade reforms are expected to strengthen the country's external sector on a sustainable basis. He also stated that increased access to external markets and fostering an investor friendly environment are likely to attract much needed FDIs in the period ahead.

 

ColomboPage - Recent 10 Stories ::
Sri Lanka Central Bank implements measures to strengthen transparency and accountability in its operations
-- [32 minutes ago]
Melbourne witnesses a spectacular SriLankan Airlines Half Marathon for the second consecutive year
-- [54 minutes ago]
CID to record statement from President on assassination attempt
-- [1 hour and 13 minutes ago]
Sri Lanka emphasizes on utilizing e-commerce to boost South Asia regional trade
-- [1 hour and 46 minutes ago]
ICC charges Sanath Jayasuriya of breaching anti-corruption code
-- [2 hours ago]
'Enterprise Sri Lanka- BOC Thurunu Diriya' disburses over 180 loans island-wide
-- [3 hours ago]
Special High Court to hear Gamini Senarath's case on Oct. 23
-- [9 hours ago]
Israel to grant five-year work visas Sri Lankan migrant workers in agriculture sector
Little Sri Lankans treated to fun and games by ComBank and ITN at Weli Oya
Indian couple nabbed with Rs. 24.5 million worth heroin at Sri Lanka airport

Copyright © 2000, 2016 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.