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Can there be another Covid-19 wave in Sri Lanka?

SL Govt. keen on more new companies in the stock market Vote_lcap68%SL Govt. keen on more new companies in the stock market Vote_rcap 68% [ 178 ]
SL Govt. keen on more new companies in the stock market Vote_lcap18%SL Govt. keen on more new companies in the stock market Vote_rcap 18% [ 47 ]
SL Govt. keen on more new companies in the stock market Vote_lcap13%SL Govt. keen on more new companies in the stock market Vote_rcap 13% [ 35 ]

Total Votes : 260

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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » SL Govt. keen on more new companies in the stock market

SL Govt. keen on more new companies in the stock market

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sriranga

sriranga
Co-Admin
Stock-market stakeholders in Sri Lanka were confronted with a challenge by Treasury Secretary Dr. P.B. Jayasundera on Tuesday: For every new large company that seeks a listing, the Government will match it with the listing of a large stake entity

The Treasury Secretary gave this assurance to the capital market industry stakeholders at a meeting on Tuesday to discuss their budget proposals

Similarly for a small company that they help list in the stock exchange), he was quoted by brokers who were present as saying that he’ll bring in small entities like Salu Sala.

He said that his main grouse was that the industry was asking ‘trivial’ things (which can be implemented) but he was adamant that they come out with some major proposals which will see large capital inflows into the country.

This meeting was held under the aegis of the National Council for Economic Development.

The Securities and Exchange Commission (SEC) had a presentation consisting proposals which ranged from a demutualised stock exchange, expediting the amendments to the SEC Act; expediting implementing Risk Management System, Central Counter Party, Delivery versus Payments system, etc., developing the corporate debt market, listing large public and private companies, developing infrastructure including back office functions, etc.

The Colombo Stock Brokers Association submitted proposals requesting to remove the current withholding tax from listed corporate debt such as debentures.

The Margin Trading Association wanted the 0.5 per cent stamp duty to be removed from transactions from normal share trading accounts to margin trading accounts. (DEC)
http://sundaytimes.lk/index.php?option=com_content&view=article&id=25944:sl-govt-keen-on-more-new-companies-in-the-stock-market-&catid=77:news&Itemid=563

http://sharemarket-srilanka.blogspot.co.uk/

ranferdi

ranferdi
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Well More companies wanted - Where the money will come from??? If they wanted more companies in CSE the best thing to do is to reduce the Interest rates, That definitely will bring more money to market thus improving the attractiveness for new companies.

http://::::THIS EMAIL DOESNT WORK.. PLEASE CONTACT ME ON FB ACCO

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