Sri Lanka’s stock exchange: Few people control it & few people rig it, says President

President Ranil Wickremesinghe says that he has questions about putting shares of the state-owned enterprises onto the current Stock Exchange.

"What is the platform for restructuring? Many of you say, send it to the Stock Exchange.


I have my questions about it. The Stock Exchange is today identified not with the London Stock Exchange," Wickremesinghe pointed out.

"There are many questions about the Stock Exchange that a few people control it and a few people rig it. Now can I put any state enterprise shares onto that to help a few people?"

He was delivering the keynote speech at the ReformNow Conference organized by the Advocata Institute.

"Either you all must change or we put up a new institution. I don't want any more arguments on that. If you have to use the present Stock Exchange, we must all be satisfied that it is neutral and is benefit all."

Subscribe
Notify of
guest
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Anura Ranasinghe
Anura Ranasinghe
2 years ago

Please conduct a case study of SLT restructuring. Basically 51% was owned by GOVT.35% shares were offered to NTT ..Nippon Telephone and Telegraph company..Japanese State own telecommunications company, 3% to employees and balance floated in COLOMBO Stock exchange

Top
1
0
Would love your thoughts, please comment.x
()
x