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Maldives begins seminar on international stock exchange, investments

Fathmath Shaahunaz
18 October 2016, MVT 09:02
Participants of CMDA's seminar on international stock exchange and foreign investments. PHOTO/CMDA
Fathmath Shaahunaz
18 October 2016, MVT 09:02

The Maldives commenced a seminar on the development of Maldives Stock Exchange in collaboration with other regional countries, and increase investments on Sunday.

The ongoing five day seminar is hosted jointly by the Maldives’ Capital Market Development Authority (CMDA) and Asia-Pacific Economic Cooperation (APEC) Finance Regulators Training Initiative. According to CMDA, capital market regulators of countries in the Asia-Pacific region and East Africa are participating in the seminar.

In a statement, CMDA said discussions will be held between the countries on Cross-Border Offerings and investments.

In his opening speech at the seminar, economic minister Mohamed Saeed declared the Maldives an ideal destination for investments, citing statistics of profitable investments especially in the tourism sector.

CMDA’s chairman Ahmed Naseer noted the potential progress that Cross-Border Offerings will be bring developing countries like the Maldives. He added that financial integration will further enhance the finance sector.

The effort to facilitate Cross-Border Offerings and facilitate more investments was commenced under CMDA’s strategic plans.

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