Prime Minister Sheikh Hasina speaking at the Silver Jubilee of BSEC at BICC in the city on Wednesday. -PID
Prime Minister Sheikh Hasina has come up with a seven-point measure for the development of the capital market, calling for the protection of investors.
"I call upon the Bangladesh Securities and Exchange Commission (BSEC) and all others concerned to play a due role in protecting the interest of the investors as well as enhancing the contributions of the stock market to accelerating the economy and implementing the mega projects," she said.
The Premier also called upon the small investors not to get tempted by others while investing in the share market. "You've to take steps after having a clear idea about everything, but don't take any decision after getting influenced by anyone else," she said.
She was addressing a program marking the celebrations of Silver Jubilee of BSEC at Bangabandhu International Conference Centre (BICC) in the city. Sheikh Hasina said whenever investors get affected with their own decisions they blame the government though the government has little to do with it.
The steps that the PM suggested include 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 Program, 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 Premier urged all concerned to properly implement all programs including maintaining transparency and accountability in all spheres and establishing rule of law alongside ensuring all kinds of infrastructural facilities. "If these programs 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 all-out support for stock market development in future.
"Our government will keep up all-out 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 AMA Muhith, Financial Institutions Division Secretary Md Asadul Islam and BSEC Chairman Dr M Khairul Hossain also spoke at the program.The Prime Minister asked the BSEC to continue its role of 'regulator and assistant' in flourishing the capital market to bring more dynamism into it.
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