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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » New opportunities

New opportunities

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1New opportunities Empty New opportunities Mon Dec 12, 2011 10:57 am

dindon1

dindon1
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Business Times
New opportunities to invest in Sri Lanka

Malaysia-based CIMB and the Colombo Stock Exchange (CSE) jointly held a ‘Sri Lanka Corporate Day’ in Kuala Lumpur, Malaysia on November 30, themed “Invest Sri Lanka: Opportunities in an New Era”.
The conference aimed to provide a snapshot of what lies ahead for the Sri Lankan economy and why Sri Lanka is one of the most exciting investment destinations currently in the world, according to a CSE press release.

It showcased nine Sri Lankan corporates from a range of sectors including banking and finance, tourism and leisure, construction, logistics and telecommunications. “We believe that Sri Lanka is on the cusp of tremendous growth, and has the potential to provide significant returns to investors. Many of our ASEAN clients are already present there, and we would like to encourage more to look towards this dynamic nation as a positive long term investment destination,” said Dato’ Sri Nazir Razak, Group Chief Executive, CIMB Group.

“CIMB wants to be part of Sri Lanka’s South Asian hub for commerce. As the first international investment bank to open a local office in Sri Lanka, we are uniquely positioned to help not just our Malaysian clients but our ASEAN clients to take advantage of the investment opportunity presented in this new and exciting emerging economy,” he noted.

“The positive market activity (in Colombo) reflects the new trajectory that has been forged for economic growth in Sri Lanka,” said Krishan Balendra, Chairman, Colombo Stock Exchange who spoke at the event. “With the near and medium term outlook strong for our economy, the timing could not be better for the CSE, the Sri Lankan capital markets and for investors. We believe that this is just the beginning and we invite you to share in our progress,” he said.

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