Sri Lanka Shrugs Off Galleon Divestment

Summary


SINGAPORE (Reuters) - Investors in Sri Lanka's stock market should not be worried about political uncertainty ahead of the 2010 elections or hedge fund Galleon's divestment of assets in the island nation, its chief regulator said on Wednesday [Nov. 25].

"They don't need to worry because for sure the president is going to win," Udayasri Kariyawasam, chairman of Sri Lanka's Securities and Exchange Commission, told Reuters in Singapore.

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Extract


Sri Lanka Shrugs Off Galleon Divestment

Investor confidence in the south Asian nation's bourse has been on the decline after the government on Oct....

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