SEC signs landmark MoU with Maldives Capital Market Regulator
The Securities and Exchange Commission of Sri Lanka (SEC) and the Capital Market Development Authority of Maldives (CMDA) signed a landmark Memorandum of Understanding (MoU) on July 21, 2024 in Malé.
The scope primarily covers secondary listings by Maldivian companies on the Colombo Stock exchange (CSE), as well as extends to mutual collaboration, capacity building assistance and regulatory information exchanges between the two capital market regulators to ensure compliance with laws and regulations across both jurisdictions.
In 2018 the Colombo Stock Exchange (CSE) introduced a Multi-Currency Board (MCB), which represents a crucial step forward in strengthening and diversifying Sri Lanka’s financial ecosystem. This platform allows international companies to list and raise capital in US Dollars, expanding opportunities and fostering a deeper understanding of the Sri Lankan capital market.
The MCB offers several significant benefits, including opportunities to diversify the investor base, enhance market stability, leverage CSE’s sophisticated trading platform, reduce dependency on local economic conditions, and strengthen resilience against global market volatilities.
The MoU lays the groundwork for Maldivian listed companies to list their shares on the Multi-Currency Board of the CSE. This initiative aligns with the ongoing efforts to promote trade and investment between the two countries, marking another significant milestone in Sri Lanka -Maldives relations.
SPARK 2024 Youth Entrepreneurship competition opens entries inviting next generation of ideators
The SPARK Skilled Youth Entrepreneurship Competition; a national competitive platform designed to inspire and empower aspiring young entrepreneurs across the nation, has commenced accepting applications from youth aged 15-30 years, for its 2024 edition.
Organized by the Ceylon Chamber of Commerce, SPARK is a unique competition that focuses on entrepreneurship skills development and exposure for both school students as well as young adults, in two distinct categories – The School Category and the Open Category. The competition aims to upskill budding entrepreneurs to transform their ideas into viable business propositions.
Commencing the call for applications, Buwenakabahu Perera, CEO, Ceylon Chamber of Commerce said, “We place a high priority on youth entrepreneurship development and recognise the role of young entrepreneurs in the future of Sri Lanka’s commercial sector.We are committed to sustaining the SPARK platform with active collaboration from our private sector partners, to nurture young ambitions and showcase the potential of the next generation of Sri Lankan entrepreneurs.
Hilton Colombo Rolls Out Flavors of Asia for the Second Consecutive Year
Month-long Celebration Features Rich and Diverse Sri Lankan, Indian, and East Asian Cuisines with Live Stations and Free-Flowing Beverages
Hilton Colombo presents a month-long celebration of Asian flavors, showcasing the rich and diverse tastes of Sri Lankan, Indian, and East Asian cuisines. Guests are invited to embark on a gastronomic journey, enjoying expertly crafted dishes emphasizing vibrant spices, fresh ingredients, and unique culinary traditions from across Asia.
The culinary offerings cater to enthusiasts of Sri Lankan, Indian, and East Asian flavors, showcasing a diverse array of traditional dishes.
