Sri Lanka’s SEC, CSE and IFC host the second Investor Forum in the Southern city of Galle.
Ada Derana: The Securities and Exchange Commission of Sri Lanka (SEC), the Colombo Stock Exchange (CSE), and the International Finance Corporation (IFC), in partnership with the Australian Government, conducted the second Investor Forum of the year in Galle at Radisson Blu Resort as part of the series of events to celebrate the sixth World Investor Week (WIW) 2022, launched by the International Organization of Securities Commissions (IOSCO).
The forum has been organized in line with the objective of the global campaign to raise awareness of the importance of investor education and investor protection.
The event attracted approximately 170 participants, including existing and potential investors. The forum provided valuable insights on investor education and investor protection.
The Manager of the CSE Ambalantota Branch, Kamal Jayaweera provided a basic knowledge on investments, the process of investing, the pros and cons of investing in the Stock Market whilst CSE Senior Executive Digital Products, Shanika Ramanayake, had a session to create awareness on the CSE Mobile App.
Furthermore, some valuable insights on the importance of financial literacy were presented to the audience by the Central Bank of Sri Lanka, Regional Manager, W.H.M. Kumara, whilst an analysis of the Sectoral Performance & Market Opportunities were presented by CT CLSA Securities (PVT) Ltd Strategist and Executive Director Research, Sanjeewa Fernando.
A panel discussion was held with the participation of the Director External Relations & Capital Market Education of the SEC, Tushara Jayaratne, Kamal Jayaweera, W H. M. Kumara, and CSE Senior Vice President Marketing, Niroshan Wijesundere, providing an opportunity for the participants to share knowledge and be educated on important aspects of investor education and protection.
Towards the end of the Forum, participants were also given an opportunity to meet Investment Advisors of Stockbroker firms and representatives of Unit Trust Management Companies.
The first Investor Forum of the year was held in Kandy early in October this year and a few more Forums are to be held in Kurunegala, Jaffna, and Colombo in the coming weeks of November with the intention of creating awareness on investor education and investor protection while highlighting the importance of financial literacy.
OSL take:
Sri Lankan authorities are looking at wooing foreign businesses/investors to the country as part of the country’s overall economic expansion. Despite challenging economic conditions in the country, several key economic sectors have recorded a steady growth while many businesses in the private sector have recorded impressive profits as well as engage in expansion programmes. Sri Lanka’s economy has shown great resilience to external and internal challenges through the years and is once again on the path to normalcy after facing challenges posed by the global pandemic and its ensuing impact. Sri Lanka is now looking at positioning itself as a business destination in the South Asian region given the country’s geographical positioning in the Indian Ocean and the many trade concessions as well as trade concessions enjoyed by the country. Given all these factors, Sri Lanka’s economy presents increasing business/investment opportunities with a guaranteed growth and business potential. Meanwhile, the campaigns carried out by local authorities island wide to further develop financial literacy would help get the country’s businesses including SMEs to invest further in Sri Lanka’s economy. Given the growth potential in the country, foreign businesses/investors could confidently explore the expanding opportunities in Sri Lanka.
| Article Code : | VBS/AT/10112022/AT_7 |