|
|
 |
 |
 |
| Wednesday, 19 January 2005 |
 |
|
 |
Business | |
| News Business Features Editorial Security Politics World Letters Sports Obituaries
|
ME investors positive on investing in Lankan capital market by Sudarshana Perera The Investor community in the Middle East including Sri Lankan expatriates have responded positively to the efforts by the Colombo Stock Exchange (CSE) to attract investors to Sri Lanka's capital market.
Rajeeve Bandaranaike, Senior Manager Marketing who is in Abu-Dubai told the Daily News that investor fora held in Dubai and Abu Dhabi last weekend proved to be a huge success and the events were well attended by Sri Lankan professionals and investors. "We were able to convince the international investor community that Sri Lanka's economy was resilient to setbacks as proved by the performance of the market after the tsunami. Our promotion was also targeted to show that Sri Lanka's stocks were relatively cheap when compared to international markets and it has the potential of enhancing value for investors. "The Colombo Stock Market has been recognised internationally as one of the consistently best performing stock markets. We announced our plans in Dubai to introduce facilities and technology such as internet trading to accommodate the investors there in the trading process on-line. Angelo Ranasinghe of Bartleet Stock Brokers said that they were able to build potential business contacts with professionals and investors in the Middle East and the business community there were quite impressed with Sri Lanka's macro economic environment and investment potential. "We should continue to promote CSE and Sri Lanka's investment potential overseas targeting investors who are willing to invest in international capital markets," Ranasinghe said. A delegation of thirty-five stock and debt brokers from thirty firms participated in the road shows. The CSE was represented by its Chairman Eraj Wijesinghe and Director General, Hiran Mendis and other CSE officials. The Dubai road show was held in association with the Sri Lankan Consul General in Dubai and the Northern Emirates and the Sri Lanka Business Council. Ambassador for Sri Lanka in the UAE Lalith Hettiarachchi, and the Consul General for Dubai and Northern Emirates P.D. Fernando were also present. The Abu Dhabi investor forum was held under the patronage of Director General of the Abu Dhabi Chamber of Commerce and Industry Abdullah Mohamed Omar. The CSE is a member of the World Federation of Exchanges (WFE) and has a well developed regulatory framework and infrastructure to meet the demands of investors. |
|
News | Business | Features
| Editorial | Security
Produced by Lake House |
