COLOMBO: The Colombo Stock Exchange (CSE) signed a Memorandum of Understanding (MoU) with the Maldives Stock Exchange (MSE) in order to help foster prosperity of the respective financial markets, promote cross border investment, cross border listing and explore other opportunities for cooperation between the two Exchanges.
The Exchanges anticipate developing a closer working relationship in the future, and wish to maintain channels of communication for exchange of information, knowledge transfer, sharing of technology and other commercial purposes.
“The CSE is extending its reach beyond borders to cooperate commercially with its peer exchanges in the region, to collectively uplift the performance of regional Exchanges.
We recently hosted the South Asian Investment Conference and took over the Chairmanship of the South Asian Federation of Exchanges (SAFE) and the relationships forged through these regional bodies have already begun to yield positive results, “CSE Chairman Vajira Kulatilaka said at the conclusion of the signing of the MOU.
“We are very pleased to be in Sri Lanka– our very close neighbor– and also glad to sign an MoU which will further strengthen our relationship. This MoU will help both our Exchanges to learn from each other’s experiences.
In comparison to the CSE the MSE is a very small Exchange, therefore there are many areas in which the CSE can help the MSE to grow and develop,” Managing Director/Chief Executive Officer of the MSE Hassan Manik said.
“The Colombo Stock Exchange seeks to foster regional linkages with Exchanges in order to foster growth and collective development within our geographic influence,” Chief Executive Officer of the CSE Rajeeva Bandaranaike said.
