The Colombo Stock Exchange (CSE) recently signed a Memorandum of Understanding (MoU) with the University of Sri Jayewardenepura, to formalize collaborative efforts to improve the knowledge of capital markets among undergraduates in Sri Lanka.
The collaboration proposes to promote capital market education among undergraduates by working together on a number of mutually beneficial strategic initiatives. Accordingly, the initiative would offer practical educational training and internship opportunities for students of the University of Sri Jayewardenepura who are engaged in accountancy and finance, business management, and economics-related degree programmes with the CSE.
Further, under the terms of the MoU, the CSE will grant an award to the student who performed outstanding performance in the research and commercialization of inventions in university.
The University of Sri Jayewardenepura will also collaborate with the ongoing educational initiatives of the CSE, including the Advanced Diploma in Financial Markets (ADFM), as well as in future educational activities by providing the required expertise and resource persons for the seminars and workshops organized by the CSE to investors around the country in promoting the capital market investments.
Commenting on the partnership, the CEO of the CSE, Rajeeva Bandaranaike, stated, ” This is an initiative to promote financial literacy among Sri Lankans, especially among undergraduates, who are a key segment of the population equipped to contribute to an economically stable future. We are pleased to partner with the University of Sri Jayewardenepura, promote engage in multiple collaborative capital market related initiatives with the undergraduate population.
The Vice Chancellor of the University of Sri Jayewardenepura, Senior Professor Pathmalal M. Manage, also shared his views and thanked the Colombo Stock Exchange, for signing the Memorandum of Understanding with the University of Sri Jayewardenepura to bring more opportunities to both parties.
“This strategic alliance between the University of Sri Jayewardenepura and the CSE would no doubt offer good opportunities to both parties; our undergraduates will stand a chance to be financially literate, while the CSE would be able to obtain resource personnel from our University for their educational initiatives.”
“Though Sri Lanka has a high literacy rate, financial literacy in the country stands at a lower rate, which should be a prime concern of the local Government. Our graduates who are going out from the University must know what the stock market is. So proper awareness of the stock market should be created among our youth, no matter which field they are from. So, this partnership would provide an opportunity for our undergraduates to have sound knowledge of the capital markets,” Snr Prof. Manage added.