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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » The Colombo Stock Exchange (CSE) has been named the "Most Sustainable Growth Exchange" for 2014

The Colombo Stock Exchange (CSE) has been named the "Most Sustainable Growth Exchange" for 2014

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RANGANA PERERA


Manager - Equity Analytics
Manager - Equity Analytics

The Colombo Stock Exchange (CSE) has been named the "Most Sustainable Growth Exchange" for 2014 Very Happy Very Happy

bandulawee


Manager - Equity Analytics
Manager - Equity Analytics

This is good news for the investors. If the government can handle the SEC issues with insight the market will correct itself.
News item
EconomyNext - Colombo Stock Exchange (CSE) has been named Asia's “Most Sustainable Growth Exchange” for 2014 by Capital Finance International (CFI), a print journal and online resource reporting on business, economics and finance, based in the United Kingdom.

CSE Chairman Vajira Kulatilaka said he hopes the international recognition will be a further impetus to efforts in attracting foreign investors to the market.

"As a Frontier Market we are making great strides forward and this is being observed by prominent institutional investors," he said in a statement.

"This was evident in our performance in 2014 where the CSE achieved the highest recorded foreign purchases in its history.”

The CSE was nominated and shortlisted for the award based on voting by CFI readers, subscribers and contributors who include the World Bank, International Monetary Fund, Pacific Investment Management Company and Fidelity Investments.

The criteria included market leadership, innovation, customer satisfaction, financial performance, implementation of technology, client service, added value advisory, risk management, transparency, compliance, corporate governance, quality of communications and strength of nominations.

The award is the CSE's first international award of its nature.

Rajeeva Bandaranaike, Chief Executive of the CSE said the exchange has streamlined processes to international standards; having achieved ISO certifications in the areas of information security, business continuity and information services.

"Similarly our cutting edge technology provides all industry participants with a trading platform that is multifunctional, secure and accessible."

Teller

Teller
Moderator
Moderator

Mr.godahewa should get more credits. But unfortunately this year market will lead against on that. We will not have political stability, there are lot of signs on that. Unp has no chances to win in coming parliment election.they dont have ground support. No organizers in village level. so its a false hope that thinking unp will win and economy will boom. Freedom party has a capacity for that. Mp piyasena gamage demanded today as the prime minister should be elected from freedom party. So this process will be totally jamed after election. No need to keep much hopes to cse. It will be a big pain. Government is not working with strategies. Ministers increased to 50 plus but promised 25. Minister rajitha says they will go for 10000 increasement of salary hike for gov employees. How this government bear this cost? No hope for any growth.

Sarabulathwita

Sarabulathwita
Vice President - Equity Analytics
Vice President - Equity Analytics

cheers cheers cheers cheers cheers cheers cheers cheers cheers cheers cheers cheers cheers cheers

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