Singapore investors keen and enthusiastic to invest in Lanka

The High Commission of Sri Lanka in Singapore and the Securities and Exchange Commission (SEC) of Sri Lanka jointly organised a seminar titled, ‘Invest in Sri Lanka – Time is now’ on 26th November 2009 at the Fullerton Hotel in Singapore with the twin objectives of disseminating first hand information on emerging business opportunities in Sri Lanka in the post conflict era and attracting institutional investors in Singapore to invest in the Colombo Stock Exchange, which is one of the five best performing markets at present.

A press release issued by the Sri Lankan High Commission in Singapore yesterday said that a panel of eminent speakers, namely Dr. Sarath Amunugama, Minister of Public Administration and Home Affairs and Deputy Minister of Finance and Planning of Sri Lanka, Ms. Jayathri Samarakone, High Commissioner of Sri Lanka to Singapore, Ajith Nivard Cabraal, Governor, Central Bank of Sri Lanka and Udayasiri Kariyawasam, Chairman Securities and Exchange Commission of Sri Lanka spoke on the occasion.

A representative from M/S First State Investments in Hong Kong, a long-standing investor in Colombo Stock Exchange shared their experiences in doing business in Sri Lanka whereas three key Sri Lankan establishments namely, Commercial Bank, John Keels Holdings and National Bank of Development listed in Colombo Stock Exchange made individual presentations, demonstrating opportunities to invest in their shares.

During the panel discussions, a series of pointed questions were raised by the participants which is clearly indicative of the keenness and enthusiasm of the Singaporean fund managers and prospective investors in re-surging business opportunities in Sri Lanka, in general and existing investment opportunities in Colombo Stock Exchange in particular.

The seminar was well attended, with a participation of 150 fund managers and prospective investors.

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