4th CT CLSA Asia Frontier Forum concludes

Thursday, 13 June 2019 00:13 -     - {{hitsCtrl.values.hits}}

Central Bank Governor Dr. Indrajit Coomaraswamy with CT CLSA Securities Chairman Cecilia Muttukumaru (right) and Consultant Marianne Page

The fourth two-day CT CLSA Asia Frontier Forum concluded in Colombo enlightening foreign and local institutional investors with the latest assessment of macroeconomic fundamentals, Government policy and corporate earnings outlook.

Finance State Minister Eran Wickramaratne
Central Bank Governor Dr. Indrajit Coomaraswamy

Despite challenges and travel advisories, FII delegates from Africa, Asia and Europe joined over 20 institutional fund managers from Sri Lanka to access 19 top tier Sri Lankan corporates and six leading corporates from Bangladesh and Pakistan at the forum this year. 

In addition, the main track included keynote presentations and panel discussions featuring central bankers, key politicians, multilateral lenders and independent economists. FIIs attending the forum this year have been long-term investors in Sri Lanka, with some of them invested for nearly 20 years. Alfalah CLSA, Pakistan is a partner of the 2019 forum.

Central Bank Governor Dr. Indrajit Coomaraswamy inaugurated the opening day and delivered his assessment as well as outlook. State Minister of Finance Eran Wickramaratne spoke to the participants on Day two and outlined the Government’s vision and plans. 

CT CLSA Securities Chairman Cecilia Muttukumaru said: “We were keen to showcase Sri Lanka’s resilience and determination in these difficult times and encouraged by the presence of FIIs at our forum. We believe Sri Lankan corporates offer good value for long-term investors. CT CLSA remains committed to all our clients and will continue to invest in promoting Sri Lanka as an attractive investment destination.”      

CT CLSA Securities (CT CLSA), which celebrated its 25th anniversary in 2017, is a leading stockbroker in Sri Lanka and a Member of the Colombo Stock Exchange (CSE). CT CLSA has been ranked number one for total market turnover on the CSE for 17 years, including seven consecutive years since 2012.

A pioneer in organising corporate access forums for institutional investors, its highly successful annual Sri Lanka Investor Forum has been held continuously since 2010. Setting a benchmark in 2016 by hosting the first-ever South Asian Frontier Forum in Sri Lanka with corporates from Bangladesh and Pakistan, CT CLSA ventured further in 2017 by including corporates from Vietnam to host the first-ever CT CLSA Asia Frontier Forum.

CT CLSA Securities is a fully-owned subsidiary of CT CLSA Holdings, a joint venture between Sri Lankan conglomerate CT Holdings group and Hong Kong-headquartered CLSA. CLSA is Asia’s leading capital markets and investment group and the international platform of China’s largest investment bank CITIC Securities. CT CLSA Holdings is also engaged in investment banking and asset management via fully-owned subsidiaries CT CLSA Capital and Comtrust Asset Management.

Pix by Lasantha Kumara