Debt-Ridden Sri Lanka Halts Share Trading for 5 Days Amid Mounting Crisis
Posted: Mon Apr 18, 2022 3:48 pm
Sri Lanka’s Colombo Stock Exchange (CSE) was ordered to close the stock market for five days from April 18 after the government announced its decision to suspend repayment of billions of dollars in foreign debt. The Sri Lanken Securities and Exchange Commission (SEC) said in a statement on April 16 that CSE’s board of directors has called for a temporary halt to trading, citing “the present situation in the country.” “The SEC is of the view that it would be in the best interests of investors as well as other market participants if they are afforded an opportunity to have more clarity and understanding of the economic conditions presently prevalent,” it said. ...
Source: https://www.theepochtimes.com/debt-ridd ... 10243.html
Source: https://www.theepochtimes.com/debt-ridd ... 10243.html