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Sri Lanka’s Economic Reforms – A Country Punching Above its Weight [Complete] Event Code: 180125LU
Date 25-Jan-2018
Time 12:15 p.m. - 1:30 p.m.
Venue 14/F, BOC Group Life Assurance Tower, 136 Des Voeux Road Central, Hong Kong
Speaker(s) Mr. Deshan Pushparajah, CFA
Managing Director, Global Markets & Investment Banking
Capital Alliance Limited
Fee HKSFA Member(s) at HK$150.0/person
CFA Candidate(s) at HK$230.0/person
Guest(s) and Non-member(s) at HK$300.0/person
This seminar is qualified for 1 CPT hour(s), 1 CE hour(s), 1 RBV CPD hour(s)
Remarks CFA Societies Global Passport Program Eligible 
# CFA Candidate(s) for Year 2017/18 only.
- Sandwiches and drinks will be provided.
- Only Visa and Master Card are accepted for online payment.
- Language: English

Event Details
 
Sri Lanka (or Ceylon as it was then called) has historically been a trading hub for most of Asia and Europe, strategically located on the East-West shipping route. A small island of 22mn people located 29KMs away from India, the country was once colonized by the Portuguese, the Dutch and thereafter the British.      

Today, Sri Lanka sits in an envious position. Its proximity to the world’s fastest growing large economy, India, and its strategic position as part of China’s one-belt-one-road initiative allows it to enjoy the best of both worlds. The end of the 30 years' ethnic conflict has allowed the country to reap a substantial peace dividend. However, while the country’s GDP grew at +8% in the three years following the conflict, economic policies have not lent themselves to sustained growth. A new government was voted into power in 2015, but coalition politics have led to slow but tentative progress.      

Three years on, however, considerable changes have been made. These reforms and policies now hold Sri Lanka in good stead for 2018 and beyond. Learn how:    
  • Sri Lanka’s evolving trade-driven foreign policy can extract maximum value from its strategic geographic position (GSP+, bi-lateral trade agreements with China, Singapore and India)
  • China’s growing influence in the country can drive long-term economic growth
  • The inaction of the new inland revenue act and its agreement with the IMG have led to rating agencies upgrading Sri Lanka’s credit rating from negative to stable
  • The liberalization policies announced in the recent budget along with will create a stable environment for future foreign investment
  • The listing of large SoE’s could spur the country’s capital markets
  • The inaction of the new Foreign Exchange act allows a better business environment for Sri Lankan companies
  • The pending inaction of the fiscal liability management act will allow it to manage the bunching of debt in 2018 and 2019
  • The valuations of Sri Lanka’s largest listed companies lend itself to sustained foreign interest
     

About the Speaker

Mr. Deshan Pushparajah, CFA
Managing Director, Global Markets & Investment Banking
Capital Alliance Limited

Mr. Deshan Pushparajah is an expert at Sri Lanka’s public and private capital markets, both buy and sell-side M&A and enjoys the trust of an established network of clients in the local and international capital markets. Deshan commenced his career at CAL in 2007 and has overseen the team through the changing post-conflict economic realities. He has been instrumental in CAL emerging as a market leader in both Equity and Debt capital markets.      

He now oversees CAL’s sell-side functions, including Investment Banking, Research and Global Distribution.       

Deshan is a CFA charterholder (USA) and a Fellow Member of the Chartered Institute of Management Accountants, UK and the Association of Chartered Certified Accountants, UK. He also holds a bachelor’s degree in Applied Accounting from Oxford Brookes University, UK.



Rating - General 
Material presented will be basic and of interest to a general audience having no background in the area.  
  



CFA Societies Global Passport Program



HKSFA has participated in the CFA Societies Global Passport Program which allows CFA society members to enjoy local society member rate at selected events like this luncheon.  Members of non-HKSFA CFA Institute societies qualify to attend this event at HKSFA member rates.  Please contact HKSFA at 
info@hksfa.org
 to register.