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By Jithendra Antonio
At a time the Sri Lankan economy is growing at 8 per cent, a country report by a Colombo-based brokerage stresses the importance of large state-owned corporations getting listed in the Colombo Stock Exchange (CSE) to drive capital markets.
A report titled “Would short-term focus spoil long-term growth?” by NDB Stockbrokers, estimates that only 30% of the overall economy is represented by the CSE, as majority of massive profit making entities are owned by state and are not listed in the country’s capital market.
The report goes on to say the country’s state-owned corporation that accounts for large portion of profits, economic activity such as Bank of Ceylon (BOC), People’s Bank (PB), National Savings Bank (NSB), Sri Lanka Insurance Corporation (SLIC), Sri Lankan Airlines, Ceylon petroleum Corporation (CPC), Ceylon Electricity Board (CEB) stocks are not represented in the CSE.
http://print.dailymirror.lk/business/127-local/44029-lanka-should-list-state-owned-performing-entities-report.html
At a time the Sri Lankan economy is growing at 8 per cent, a country report by a Colombo-based brokerage stresses the importance of large state-owned corporations getting listed in the Colombo Stock Exchange (CSE) to drive capital markets.
A report titled “Would short-term focus spoil long-term growth?” by NDB Stockbrokers, estimates that only 30% of the overall economy is represented by the CSE, as majority of massive profit making entities are owned by state and are not listed in the country’s capital market.
The report goes on to say the country’s state-owned corporation that accounts for large portion of profits, economic activity such as Bank of Ceylon (BOC), People’s Bank (PB), National Savings Bank (NSB), Sri Lanka Insurance Corporation (SLIC), Sri Lankan Airlines, Ceylon petroleum Corporation (CPC), Ceylon Electricity Board (CEB) stocks are not represented in the CSE.
http://print.dailymirror.lk/business/127-local/44029-lanka-should-list-state-owned-performing-entities-report.html
