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Titli Khan

Published:
2018-09-12 13:11:21 BdST

PM suggests 7-point measures for stock market development


Prime Minister Sheikh Hasina today suggested undertaking seven-point measures for stock market development, asking all concerned including the BSEC to play a due role in protecting the interest of the investors.

“I call upon all concerned including the Bangladesh Securities and Exchange
Commission (BSEC) to play a due role in protecting the interest of the
investors as well as enhancing the contributions of the capital market to
accelerating the economy and implementing the mega projects,” she said.

The prime minister was addressing as the chief guest the silver jubilee
celebration function of BSEC at Bangabandhu International Conference Centre
here.

The steps that the prime minister suggested are: the development of bond
market as a source of the long-term funding, expanding and diversifying the
chosen baskets of the investors by launching new products, informing all
concerned about the products, their operating process and strategy before
their introduction.

The other measures are – expansion of investment education at all levels by
strengthening the BSEC Training Academy Programme, arrangements of seminars,
workshops, and discussions on the role and importance of the stock market in
socioeconomic development and inter-relations between the capital market and
other sectors, introduction of small cap board at fastest possible time to
complete share transaction of the established as well as small and medium
capital-based companies for funding venture capital.

The prime minister urged all concerned to properly implement all programmes
including maintaining transparency and accountability in all spheres and
establishing rule of law alongside ensuring all kinds of infrastructural
facilities.

“If these programmes are implemented, I’m sure that the country’s economic
growth and the trend of advancement will be further geared up through private
sector investment,” she said.

The premier assured that the government will also continue allout support
for stock market development in future.

“Our government will keep up allout support for stock market development in
future … the capital market will be a dependable source of long-term
funding in building a developed Bangladesh,” she added.

Finance Minister Abul Maal Abdul Muhith was present at the function as the
special guest, while Financial Institution Division Secretary under the
Finance Ministry Md Asadul Islam and BSEC Chairman Dr M Khairul Hossain also
spoke.

Ministers, parliament members, leaders of the business bodies, senior
officials of the financial institutions and securities companies and senior
government officials were present.

An audio-video presentation on the role of the BSEC in Bangladesh’s economic
uplift was made at the function.

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