The Colombo Stock Exchange in association with the Securities and Exchange Commission of Sri Lanka, the Sri Lankan High Commission in Australia and with the participation of Stockbroker firms and Unit Trust Companies, will host a series of ‘Invest Sri Lanka’ Forums in Australia and New Zealand (ANZ).
The Forums, which are set to take place in Sydney (20th March), Melbourne (23rd March) and Auckland (25th March) are conducted with the objective of promoting capital market investment opportunities to ANZ investors and individuals of Sri Lankan origin residing in the two countries. The Invest SL Forums are expected to draw a combined participation of over 500 Institutional Investors, High-net-worth individuals and residents of Sri Lankan origin in the region.
Commenting on the initiative, Chairman of the SEC Thilak Karunaratne said “Our immediate priority is to fulfil SEC’s mandate by initiating regulatory reforms and improving market infrastructure to ensure a level playing field in which issuers can raise funds and investors can participate with confidence. I am confident that ‘Invest Sri Lanka’ will provide investors based in both Australia and New Zealand an excellent chance to understand potential investment opportunities in Sri Lanka. This endeavour will facilitate the Government’s aspiration to attract more investments from the Diaspora to drive economic development.”
The Chairman of CSE Vajira Kulatilaka stated that a strong community of individuals with a Sri Lankan origin eager to look at new Sri Lankan investment opportunities and a growing inflow of foreign investment originating from Australia,highlight ANZ as a market with notable potential. Kulatilaka said that bilateral activity surrounding the celebration of 70 years of diplomatic ties between Sri Lanka and Australia presented the CSE with a unique opportunity to promote the capital market at a time when Sri Lanka has the attention of the region. “We have taken steps to enter into partnerships with local consulates, associations and business councils considering the local context of each location and the diverse nature of ourtarget audience,” he added.
The events will also feature several leading Real Estate developments in Sri Lanka in the capacity of event sponsors, including the Colombo Port City (Platinum Sponsor) One Galle Face by Shangri-La Hotels and Resorts (Platinum Sponsor) and the luxury apartment development by Altair