Heraymila facilitates Dubai road show

Sanjeevi JAYASURIYA

The growth opportunities in Sri Lanka are reflected by its post-war stock market performance. Sri Lanka was the World’s top performing stock market in 2010 with an increase of 96 percent, Heraymila Securities Limited (HSL) Chief Executive Officer Ravi Abeysuriya told Daily News Business.

“The impressive growth in the Colombo stock market is attributed to renewed investor confidence in the post-war economy that is supported by political stability. The end of the war has led to better risk ratings (S&P with B - a positive outlook; Fitch with B+ - a stable outlook), which is expected to lower the risk premium encouraging investment,” he said.

Heraymila Securities Limited (HSL) along with its Dubai based parent, Heraymila Investments Limited (HIL) have launched a road show in Dubai titled Investment Destination Sri Lanka.

The two-day event is led by International Monetary Co-operation Senior Minister Dr Sarath Amunugama. Sri Lanka will showcase itself as an attractive investment destination.

The road show to facilitate investments in Sri Lanka will commence today and will provide the UAE investment community an opportunity to gain exciting prospects in the emerging Sri Lankan economy.

“Sri Lanka has rebound successfully from decades of conflict to become a rising star in the Asian economy: GDP growth reached 8.0 per cent in 2010 from 3.5 per cent in 2009 and is estimated to remain buoyant in the next few years,” Abeysuriya said.

The government has shown firm commitment towards developing the infrastructure necessary for accelerated investments into many sectors of the economy.

“Heraymila group is planning to launch its first Sri Lankan unit trust fund through its fund management company, Heraymila Capital (Private) Limited.

The Fund will be marketed to both local and overseas clients and would provide investors an opportunity to take part in the Sri Lanka growth story,” Abeysuriya said.