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| Sunday, 1 August 2004 |
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| News Business Features Editorial
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Capital Market promotion in Jaffna A Capital Market team headed by Palitha Silva Gunawardene, Director General of the Securities and Exchange Commission of Sri Lanka visited Jaffna on 19th and 20th July, 2004 with the intention of promoting the development of the Capital Market in the Jaffna peninsula. Arrangements are under way to open a branch of the Colombo Stock Exchange in Jaffna by early September 2004. This will be jointly funded by the SEC and the CSE. The premises of the proposed branch of the Colombo Stock Exchange was inspected during the visit which is situated in the center of the Jaffna commercial area. The delegation met the members of "Yalpanam Chamber of Commerce" and had a discussion on the future prospects, M. Ramadas, Chairman of the Chamber of Commerce and Institution of Yalpanam stressed that they would be looking forward for benefit to accrue to the people of Jaffna as a measure of success of the Stock Exchange branch in Jaffna. A public meeting attended by over 200 Entrepreneurs, Professional and Businessmen was held at the Jaffna Multi Purpose Cooperative Society, Auditorium. A seminar for over 400 undergraduates was also held at the Jaffna University. The presentations were made on the "Introduction to the Colombo Stock Exchange, How to invest in Equities, Investing in Debt Securities, Unit Trust and the Regulation of the Capital Market". All presentations were conducted in Tamil or were simultaneously translated into Tamil.The Securities and Exchange Commission and the Colombo Stock Exchange are planning to have a promotional booth at the Nallur Temple Annual Festival to promote and create awareness on Capital Markets scheduled for August 2004. |
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