FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» RENUKA AGRI FOODS PLC (RAL.N0000) TP. 7
by cheetah Yesterday at 9:45 pm

» LOFC Future
by Nandana Withanage Yesterday at 8:03 pm

» AAIC 100 = SCAP 16
by sojsilva Yesterday at 7:13 pm

» LIOC ....Get in soon
by sureshot Yesterday at 5:33 pm

» SGH buys EXPO from retailers
by sureshot Yesterday at 5:21 pm

» SUNSHINE HOLDINGS PLC (SUN.N0000)
by ErangaDS Yesterday at 5:07 pm

» WATAWALA PLANTATION PLC (WATA.N0000)
by ErangaDS Yesterday at 5:05 pm

» Buy lofc tomorrow - Maharaja
by ADVENTUS Yesterday at 11:47 am

» US inflation eased slightly in July
by ADVENTUS Yesterday at 11:25 am

» ACL; MELS; HHL; BIL; LWL- STOCKS TO WATCH
by ADVENTUS Yesterday at 11:19 am

» Pakistan stocks surge on IMF Staff level agreement - CSE is warming up for the big run
by samaritan Yesterday at 11:16 am

» LOLC FINANCE PLC (LOFC.N0000)
by Anushka Perz Yesterday at 10:24 am

» L G I L - Maharaja special
by Chula Wed Aug 10, 2022 8:13 pm

» HAYLEYS PLC (HAYL.N0000)
by cseboss Wed Aug 10, 2022 11:34 am

» NO FURTHER INCREASE IN TAXES-PRES. RANIL WICKRAMASINGHE
by ADVENTUS Tue Aug 09, 2022 3:48 pm

» CARGO BOAT DEVELOPMENT COMPANY PLC (CABO.N0000)
by Dasun Maduwantha Tue Aug 09, 2022 12:10 pm

» Nestle‚ declares highest ever dividend
by Shiranli Tue Aug 09, 2022 11:24 am

» PRIME LANDS RESIDENCIES PLC (PLR.N0000)
by Anushka Perz Tue Aug 09, 2022 11:15 am

» MULTI FINANCE PLC (MFL.N0000)
by Eleven Mon Aug 08, 2022 9:28 pm

» AGSTAR PLC (AGST.N0000)
by Thushara Ayya Mon Aug 08, 2022 4:18 pm

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Sri Lanka listed companies cleared to sell dollar shares and bonds: BIG POSITIVE?

Sri Lanka listed companies cleared to sell dollar shares and bonds: BIG POSITIVE?

Go down  Message [Page 1 of 1]

ADVENTUS


Moderator
Moderator

https://economynext.com/sri-lanka-listed-companies-cleared-to-sell-dollar-shares-and-bonds-83481/#modal-one


[size=18]ECONOMYNEXT – Sri Lanka’s cabinet of ministers had cleared plan to allow listed companies to issue dollar denominated shares and debt to investors, the state information office said in another step towards dollarization.
“The Colombo Stock Exchange has submitted a proposal to list out the foreign currency denominated shares issued by the Sri Lankan registered companies on the Colombo Stock Exchange with the aim of increasing the ability of local companies to raise foreign funds in Sri Lanka,” the statement said.
“The Monetary Board of the Central Bank of Sri Lanka has recommended the implementation of the proposal submitted by the Colombo Stock Exchange Considering the factors such as increasing the interest of foreign investors in Sri Lankan listed companies, attracting foreign currency into the country and increasing its participation, reducing the pressure on the Sri Lankan rupee…”
Sri Lanka’s rupee has fallen sharply from 2015 after call money rate targeting and excess liquidity hit the island’s non-credible peg and foreign investors have also exited the country in the face of monetary instability.
At the moment Business Foreign Currency Accounts cannot receive dividends or interest from shares.
The cabinet has cleared the required changes to the foreign exchange regulations to be made.
Dollarization protects the holders from depreciation of an unstable soft-peg.
The cabinet had also cleared paying an interest premium to Special Deposit Accounts started in 2020 if they are re-invested beyond the initial 12 months.
Foreign exchange controls started in 2020 which ended in July 02, will also be extended. (Colombo/June29/2020)
[/size]

samaritan likes this post

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum