Stockbrokers praise govt. for Budget 2013

12 November 2012 10:28 am - 0 - {{hitsCtrl.values.hits}}

A A A

The Colombo Stock Brokers Association (CSBA), representing 23 stock broking companies today praised the government for the unprecedented policy initiatives proposed to develop the capital market Budget 2013.

“We, as one of the major stakeholders of the capital market of Sri Lanka are elated that the important and the urgent need to develop the capital market has been duly recognized by the Finance Minister. The key proposals announced in the Budget impacting the capital market demonstrate the desire of the government to see a vibrant capital market in the immediate future,” a CSBA statement said.

“Introducing a 3-year 50% tax holiday for new companies to be listed at the CSE with a public float of at least 20% on or after 01/04/2013, exempting stamp duty for the transfer of shares to and from margin trading account effective from 01/01/2013 are some of the measures that will translate into improved liquidity at the Colombo bourse,” CSBA noted.

The proposal to set up a Presidential Task Force to implement a Capital Market Development Plan was also haled by the CSBA.

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Comments - 0

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Stockbrokers praise govt. for Budget 2013

Comments - 0

Add comment

RECOMMENDED

‘Spike in blast fishing’ poses renewed threats to Sri Lanka’s marine ecosystems

UDA owned land in Thalawathugoda; UDA Minister Prasanna Ranatunga under the spotlight for forceful occupation of reserved land

Loss-making SMIB faces political pressure in recovering loans

Baltimore Bridge Collapse: MV Dali, SL authorities anchored in mystery?

Has Sri Lanka become a potential hub for the illegal wildlife trade?

Spotlight on Moragahakanda Development Project Moragolla villagers lose livelihoods and down to one meal a day

Ambitious Sri Lankan jobseekers ‘trafficked into Ukraine war zones’

Most Viewed in News

Government defends outsourcing of visa process

An Int’l summit avoids Sri Lanka due to beggar menace in Colombo

AstraZeneca admits for first time its COVID vaccine can cause rare side effect

Controversy over foreigners issuing on-arrival visas at BIA

Gota fires back at Cardinal, rebuts allegations

Attempt to send 17 year-old-boy to London on forged documents foiled

MIRROR CRICKET

World Cup finalist named in USA T20 World Cup 2024 squad

Co-hosts West Indies announce squad for T20 World Cup

LPL 2024 Player Auction on May 21

ICC announce Match Officials for ICC Men’s T20 World Cup 2024

TODAY'S HEADLINES

Protesting medical students tear-gassed

Fisherman arrested for amassing Rs.90Mn assets beyond his means

Sri Lanka drops 15 positions in World Press Freedom Index: Ranks 150

Young Lawyers flay Tiran for calling eliminating criminals not a sin

World Cup finalist named in USA T20 World Cup 2024 squad

Co-hosts West Indies announce squad for T20 World Cup

LPL 2024 Player Auction on May 21

ICC announce Match Officials for ICC Men’s T20 World Cup 2024