Sri Lanka holds investor forum in Scotland to woo Scottish investors highlighting future opportunities
Sri Lanka’s capital market stakeholders yesterday for the first time enticed investors in Scotland, highlighting recent macroeconomic progress and future opportunities, the local media has reported.
The Daily FT has reported that following a success exercise in London on Monday, the Colombo Stock Exchange (CSE) and the Securities and Exchange Commission (SEC) have held an evening investor forum in the Scottish capital of Edinburgh.The report stated that the Invest Sri Lanka forum held at the Waldorf Astoria in Edinburgh saw over 20 funds and institutional investors based in Scotland attending.
State Minister of Finance in Sri Lanka Eran Wickramaratne had addressed the investor group, highlighting some of the noteworthy progress achieved in ushering democracy and socio-economic prosperity in Sri Lanka amidst challenges.The Minister has reportedly said that the government had stabilised the economy whilst implementing policies to accelerate growth. Some of the highlighted initiatives included the Government’s Vision 2025 initiative and developing Sri Lanka as a hub pursuing greater economic cooperation with a host of countries via free trade agreements (FTAs).
The Daily FT has stated that Steuart Investors former Portfolio Manager Angus Tulloch spoke of his experience and success in investing in Sri Lanka and said the country had great potential.Reports stated that the Invest Sri Lanka investor forum series held in UK, US, Singapore, Australia, New Zealand, Switzerland, India and the Middle East have helped to trigger foreign investor interest.
The Sri Lankan government is in the process of conducting investor forums in many Asian as well as Western countries. Invest Sri Lanka forums that have been held so far have managed to woo foreign investors in to the country. The continuous macro economic growth recorded by Sri Lanka along with the future investment opportunities as a result of it would undoubtedly woo foreign investors to the country.
|Article Code :||VBS/AT/20181012/Z_4|