CSBA congratulates govt.; hails move to appoint minister for capital markets

• Says keen on working with new govt. to expand and popularise equity investments 

The Colombo Stock Brokers Association (CSBA) yesterday congratulated the new government, Prime Minister Mahinda Rajapaksa, and newly-appointed State Minister for Finance, Capital Markets, and State Enterprise Reforms, Ajith Nivard Cabraal.

CSBA thanked President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa for seeing and acting upon the need for a separate ministry for capital markets for the first time in the history of Sri Lanka.

It also welcomed the appointment of Cabraal as the minister in-charge due to his expertise in finance and State enterprise, and his holding of key positions in the field such as his tenure as the Governor of the Central Bank and as the Senior Advisor on Economic Affairs to the Prime Minister.

“Considering the past few years that the Sri Lankan economy and stock broking industry has faced many challenges, the CSBA eagerly looks forward to playing a significant part in developing national economy, and hopes to play a key role in the growth story of Sri Lanka. 

The CSBA is keen on working closely with the new government in order to expand and popularise equity investments and related products among the general public of the country and promote much sought after foreign portfolio investor,” a CSBA statement said.

Established in 1995, the Colombo Stock Brokers Association is an apex industry body, representing stock broking companies licensed and regulated by the Securities and Exchange Commission of Sri Lanka. As of 2020, the association consists of 18 member companies striving to develop the Sri Lankan economy.