Coronavirus gives, birth to new generation of ,first-time investors.

Coronavirus gives, birth to new generation of ,first-time investors.

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CSE plans single window to facilitate new listings.

 CSE plans single window to facilitate new listings.

The Colombo Stock Exchange (CSE) plans to introduce a “single window” customer relationship unit that will be set up within the CSE to identify potential listing candidate companies, work with such companies, and assist them through the listing process.

The CSE expects this to make it easier for companies and their advisors to understand and address any problems faced in the process through a single point of contact.

This single window is part of a larger CSE action plan that has been launched to address key areas relating to the process of listing a company on the CSE with the objective of enhancing its efficiency, thereby better serving the funding requirements of companies belonging to both state and private sectors. The CSE said it expects the action plan to further simplify the process, eliminate any redundant approval steps, reduce documentation, and improve the time to market for companies’ new and follow-on offerings of equity and debt.

Measures have already been taken to change listing criteria by offering a wider choice of listing options for companies and further amend the listing rules to enable a simplified process in addition to carrying out changes to internal infrastructure of the CSE to ensure a smoother process workflow.

Commenting on the new plan, CSE Chairman Dumith Fernando said: “Increasing the number of companies listed on the exchange is one of the CSE’s key strategic objectives. We have to make exponential progress on this front. As businesses approach the post-Covid period, it is likely that funding will be a top priority, and we have versatile options available to address the different funding requirements of corporates.

“We have put in place systems and processes to cater to an ever-evolving business landscape in Sri Lanka and we stand ready to meet the requirements of our corporate stakeholders. We strongly believe that the steps we are taking to simplify the listing process would attract more companies to raise capital through the CSE, helping them unlock value and create wealth for their shareholder.”

The CSE has already commenced stakeholder engagement to obtain feedback to carry out further improvements to the CSE’s overall listing process.

Improvements expected from this new CSE plan include the reduction of documentation that has to be submitted with the listing application and the removal of certain disclosures in the prospectus/introductory document. In this connection, the CSE said it would commence discussions with the Securities and Exchange Commission of Sri Lanka (SEC) to streamline the current dual-approval process.

With the objective of further enhancing the transparency of the listing process, an online tracking tool for all listing applications that have been submitted to the CSE will also be introduced, which would provide issuers with more transparency in tracking the status of their applications and understanding which parties hold primary responsibility at each step of the process.

The CSE now offers equity or debt-based fundraising options for companies of all sizes, from large conglomerates to SMEs (small and medium enterprises), through versatile listing platforms such as the Main, Diri Savi, and Empower Boards.

 

THE MOBILE APP - "MYHEALTH SRI LANKA"

MyHealth Sri Lanka Mobile App Launched by the Ministry of Health, Nutrition and Indigenous Medicine together with the Information and Communication Technology Agency (ICTA) of Sri Lanka

[Colombo, Sri Lanka] – Ministry of Health, Nutrition and Indigenous Medicine together with the Information and Communication Technology Agency (ICTA) of Sri Lanka, the apex ICT institution in the country has developed an application to inform, engage and react to the deadly spread of the New Coronavirus also known as Covid-19 under the instructions of his excellency the President Gotabhaya Rajapakse. This is in the wake of a global pandemic reaching the shores of Sri Lanka and with the steadily rising number of infected citizens, the need for a robust mobile application was felt.

Representatives from both organizations including volunteers from the private sector worked tirelessly to ensure that through this app citizens will have access to a news feed that shares verified information on the current MyHealth Sri Lanka mobile app populated by data shared by medical authorities. Once downloaded through either the Google PlayStore, Huawei Appstore store and Apple app store, citizens will be prompted to record their location at the time of using the application. The application locally maps the trail of the mobile app user's locations traveled so that in an unfortunate event of the app user being infected with the virus, they can disclose the stored location history information with the authorities to protect their family and friends who they have associated with, in the last 14-days. All recorded location data are kept securely within the mobile, and will not be transmitted to any external systems without the consent of the mobile app user. If you have crossed paths with an infected individual, you have the option to self-register with the national disease surveillance system.

What Are the Top 10 Signs of Porn Addiction?

What Are the  Top 10 Signs  of  Porn Addiction?

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