19 November 2009

Singapore Investor Forum by SEC of Sri Lanka Targets Fund Managers in Singapore to Promote Investment

18th November 2009, www.lankabusinessonline.com

Sri Lanka market watchdog hosts Singapore investor forum An investor forum targeting fund managers in Singapore to promote investment in Sri Lanka's capital markets will be held on November 26, the island's market watchdog said.

"With the end of the war and the return of investor confidence, Sri Lanka is poised to enter an era of economic growth and prosperity," the Securities and Exchange Commission said.

"In the light of these favourable developments this investor forum marks the first step in a series of events targeted at promoting capital market investments."

SEC chairman Udayasri Kariyawasam said in a statement that about 125 participants have signed up, above a targeted 100, showing that there was renewed interest in the country.

The forum is organized by the SEC and the High Commission of Sri Lanka in Singapore.

A luncheon meeting will be held on November 26 at the Fullerton Hotel where John Keells Holdings PLC, Commercial Bank of Ceylon PLC and National Development Bank PLC will make presentations.

The statement said Sri Lanka's deputy finance minister Sarath Amunugama, senior officials of the SEC, CSE, broking firms and custodian banks will attend the conference.

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