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.

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

With IMF boost, Ranil will target 2024 Presidential poll

Wokeism: The Transgender and Drag Queen Conversation

How Lanka’s National anthem was amended due to superstition

Import of South Indian eggs: Sri Lanka walks on Indian eggshells

Wokeism: Is it destructive, or are you afraid of change? A response

Defeat in Ananthapuram Battle denoted the LTTE’s end

Wokeism: A Weapon of Mass Destruction?

Most Viewed in News

SL to introduce property tax and gift and inheritance tax

Canadian MP calls Sri Lanka a ’failed and bankrupt state’

How Lanka’s National anthem was amended due to superstition

SL no longer deemed bankrupt: RW

Sri Lanka becomes first in Asia to have its governance come under IMF scrutiny

Rupee will gradually come down to 200 or 185 – President expresses hope

TODAY'S HEADLINES

Tour guide arrested for sexual harassment

Will summon EC for a meeting over uncertainty of LG polls: Dinesh

Brother and sister drown in canal

Treasury will have to bear part of SriLankan debt even after restructuring: Minister

MIRROR CRICKET

Revenge on Thomian minds as they face Royal in Mustangs Trophy encounter today

Sangakkara recommended Viyaskanth as net bowler for Rajasthan team

New Zealand demolish Sri Lanka to sweep Test series

Williamson, Nicholls double tons put New Zealand on top in second Test

Dasun confident of claiming series whitewash

Royal do the double on hapless Thomians

Revenge on Thomian minds as they face Royal in Mustangs Trophy encounter today

CR & FC Centenary Rugby 7’s from March 31