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June 02, 2013 (LBO) - Sri Lanka stock brokers, mutual fund managers and regulators have kicked off promotional campaign in Dubai targeting expatriate workers and foreign fund managers.
Sri Lanka SEC said around 100 professionals working in Dubai attended a promotional forum on June 01 at Le Meridien Hotel.
SEC chief Nalaka Godahewa had told participants that the forum will provide them with information about equities and bonds also equip them with information about Sri Lanka's growth prospects so that they can be investment ambassadors for the country.
Colombo Stock Exchange chairman Krishan Balendra, Colombo Stock Brokers Association and Sri Lanka's Unit Trust Association (mutual funds) had made presentations.
SEC commission member Priyantha Fernando, a former central bank official had made a presentation about bonds.
Participants had said that they had worked abroad for more than 15 years and invested most of their money in foreign exchange accounts and this was the first time a government body had come to explain investment opportunities in Sri Lanka, perhaps in a reference to the SEC.
On June 03, deputy finance minister Sarath Amunugama, is scheduled to address an investment forum at the Ritz Carlton in Dubai targeting UAE based foreign fund managers.
The Dubai promotions are a part of four road shows planned by the Colombo Stock Exchange based on a 10 point action plan by the SEC, the regulator said.
Sri Lanka is now recovering from a balance of payments crisis triggered by energy price manipulation and a burst stock and credit bubble with stock trading at reasonable prices.
The market has already started re-rating upwards with inflation coming down and interest starting to moderate, though state spending is still high.
There are also moves to market price energy, which can go a long way towards avoiding future balance of payments crisis, helping keep interests low and growth strong.
But there are concerns about deteriorating rule of law, justice and rising nationalism and expropriation.
Source :
http://www.lankabusinessonline.com/news/sri-lanka-promotes-equity-investments-in-uae/1244068731
Thank You.
Sri Lanka SEC said around 100 professionals working in Dubai attended a promotional forum on June 01 at Le Meridien Hotel.
SEC chief Nalaka Godahewa had told participants that the forum will provide them with information about equities and bonds also equip them with information about Sri Lanka's growth prospects so that they can be investment ambassadors for the country.
Colombo Stock Exchange chairman Krishan Balendra, Colombo Stock Brokers Association and Sri Lanka's Unit Trust Association (mutual funds) had made presentations.
SEC commission member Priyantha Fernando, a former central bank official had made a presentation about bonds.
Participants had said that they had worked abroad for more than 15 years and invested most of their money in foreign exchange accounts and this was the first time a government body had come to explain investment opportunities in Sri Lanka, perhaps in a reference to the SEC.
On June 03, deputy finance minister Sarath Amunugama, is scheduled to address an investment forum at the Ritz Carlton in Dubai targeting UAE based foreign fund managers.
The Dubai promotions are a part of four road shows planned by the Colombo Stock Exchange based on a 10 point action plan by the SEC, the regulator said.
Sri Lanka is now recovering from a balance of payments crisis triggered by energy price manipulation and a burst stock and credit bubble with stock trading at reasonable prices.
The market has already started re-rating upwards with inflation coming down and interest starting to moderate, though state spending is still high.
There are also moves to market price energy, which can go a long way towards avoiding future balance of payments crisis, helping keep interests low and growth strong.
But there are concerns about deteriorating rule of law, justice and rising nationalism and expropriation.
Source :
http://www.lankabusinessonline.com/news/sri-lanka-promotes-equity-investments-in-uae/1244068731
Thank You.
