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Backstage
Backstage
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Top contributor
Posts : 3775
Join date : 2014-02-24

Sri Lanka lagging in stock market development in the region’ Empty Sri Lanka lagging in stock market development in the region’

on Mon Jul 31, 2017 11:14 am
‘Sri Lanka lagging in stock market development in the region’
July 30, 2017, 7:35 pm



By Lynn Ockersz

Although there has been a 'phenomenal increase' in recent times in foreign investor participation in the Colombo Stock Exchange, Sri Lanka trails many prominent foreign investment destinations in the South and South-east Asian regions with regard to important aspects of stock market development.

For example, Sri Lanka's market capitalization as a percentage of its GDP is currently only 23 per cent while the corresponding data for Vietnam, Bangladesh and Thailand are, 53 percent, 70 per cent and 100 per cent respectively. However, the corresponding figure for Sri Lanka in 2014 was 29 per cent. Thus, there has been a slide on this score on the part of Sri Lanka.

The above information was provided by Colombo Stock Exchange chairman Ray Abeywardene during an interaction he and other high-ranking CSE officials had with the media recently at the Ramada Hotel, Colombo to mark Abeywardene's induction as CSE Head. During the cordial 'meet and greet' session he fielded a number of questions from the media and provided clarifications on matters of vital importance to the CSE and its development.

CSE turnover has proved substantial in recent times but it pales beside, for example, Vietnam's 88 million dollars per day and Bangladesh's 100 million dollars per day.

Abeywardene stressed that it is vital to bolster the CSE's foreign inflow by getting local institutions such as the EPF, ETF and SLI to 'come in.' This is lacking at the moment.

He said that it is hoped that the Dollar Board which the CSE hopes to set up by year end will be a vital stimulant to greater foreign investor participation in the CSE. This would be a useful means of facilitating Listing on the CSE by companies in neighbouring countries. This task of establishing a Dollar Board, the CSE chief pointed out, could not be put off any longer.
Ethical Trader
Ethical Trader
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Join date : 2014-02-28

Sri Lanka lagging in stock market development in the region’ Empty Re: Sri Lanka lagging in stock market development in the region’

on Mon Jul 31, 2017 11:35 am
Message reputation : 100% (1 vote)
Thanks Back.
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jiggysaurus
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Posts : 548
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Sri Lanka lagging in stock market development in the region’ Empty Re: Sri Lanka lagging in stock market development in the region’

on Tue Aug 01, 2017 8:40 pm
Backstage wrote:‘ This task of establishing a Dollar Board, the CSE chief pointed out, could not be put off any longer.

These jokers have been talking about short selling for over 20 years. At this rate we can expect a dollar board in 2050 and some maldivian dried fish sellers can get listed on it.
Backstage
Backstage
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Sri Lanka lagging in stock market development in the region’ Empty Re: Sri Lanka lagging in stock market development in the region’

on Thu Aug 03, 2017 1:16 pm
jiggysaurus wrote:
Backstage wrote:‘ This task of establishing a Dollar Board, the CSE chief pointed out, could not be put off any longer.

These jokers have been talking about short selling for over 20 years. At this rate we can expect a dollar board in 2050 and some maldivian dried fish sellers can get listed on it.

Grandsons of dryfish sellers and the grandsons of coup leaders are getting deep fried these days. The phat is in the fire.
Yin-Yang
Yin-Yang
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Join date : 2016-03-12

Sri Lanka lagging in stock market development in the region’ Empty Re: Sri Lanka lagging in stock market development in the region’

on Thu Aug 03, 2017 3:43 pm
Jiggy has stumbled on the deep berries problem of Sri lankan society starting from the very top to the bottom.

The problem as a country here is that we guys are not used to work towards a deadline.

We will never develop as a country; until we learn to use the terms like "I will do this before this date!."



Backstage
Backstage
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Join date : 2014-02-24

Sri Lanka lagging in stock market development in the region’ Empty Re: Sri Lanka lagging in stock market development in the region’

on Tue Aug 08, 2017 11:10 pm
Yin-Yang wrote:Jiggy has stumbled on the deep berries problem of Sri lankan society starting from the very top to the bottom.

The problem as a country here is that we guys are not used to work towards a deadline.

We will never develop as a country; until we learn to use the terms like "I will do this before this date!."

Maybe it does not matter anymore, humanity seems to be on a self destructive trajectory,Chicken flu , solar flash , SARS or Nukes will make it all irrelevant. Lets party !

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