Sri Lanka bourse gets approval to list foreign firms
ECONOMYNEXT – The Colombo Stock Exchange (CSE) has got approval from exchange control, authorities to list foreign companies, CSE chairman Vajira Kulatilaka said.
He said 2016 is going to a challenging year for stock markets globally but that the CSE would begin implementation of many capital market initiatives that had been planned.
“We just got the Exchange Control approval to start listing foreign companies here,” he said in a speech at a market opening ceremony.
“(This would be an) opportunity to banks, because that gives you confidence to lend to foreign companies because that will be listed in Sri Lanka,” Kulatilaka said.
(Colombo/January 06, 2016)