Seminar on ‘Currency Outlook and Forecast’

Thursday, 25 October 2018 00:00 - - {{hitsCtrl.values.hits}}

With the intention of supporting the economic development of the country and emerging entrepreneurs Merchant Bank of Sri Lanka & Finance PLC (MBSL) initiated a program to carry out a series of seminars to educate the stakeholders and general public.

Following the successful conclusion of the first seminar targeting the SME sector, the Company plans to hold the second in its series of seminars on 1 November at the Auditorium of Lakshman Kadirgamar Institute of International Relations and Strategic Studies at 3:30 p.m. The seminar is themed on the timely subject of ‘Currency Outlook and Forecast’ and will feature eminent economists and private sector representatives.

Given the recent volatility of the Sri Lankan rupee, the seminar will provide an opportunity for directors, senior management teams, analysts, bankers and economists among others to obtain a balanced and comprehensive overview of the drivers underlying such movements and the longer-term outlook on the rupee’s direction.

The keynote address will be delivered by Institute of Policy Studies Executive Director Dr. Dushni Weerakoon, while Frontier Research CEO/Founder Amal Sandaratne will also deliver an address on ‘The Rupee outlook – Long term view’. Panellists for the seminar are Dinesh De Silva – Immediate past chairman of the Ceylon Chamber of Commerce (Import section), Hasitha Premaratne – Group Finance Director of the Brandix Group and Sanjeewa Anthony –Executive Director of Jetwing Hotels Ltd.

MBSL entered the Sri Lankan financial sector as the country’s pioneer merchant bank in 1982 and was quoted on the Colombo Stock Exchange in 1991. Subsequently registered as a licensed finance company under the Finance Business Act No. 42 of 2011 under the regulatory purview of Central Bank of Sri Lanka. MBSL caters to a wide range of customers through its key business activities which include Deposit mobilisation, Savings, Leasing, Loans, Corporate Advisory and Capital Market Services, Trade and Project Finance, Pawning and Real Estate through a widespread network of 49 customer touch points. MBSL is a subsidiary of state owned financial powerhouse Bank of Ceylon which holds a strategic stake of 74%.