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Finance Minister Announces Restored Investor Confidence in Bangladesh's Capital Market

Finance Minister Amir Khosru Mahmud Chowdhury informed parliament that reforms and strict regulatory measures have restored investor confidence in the capital market.

By Staff Correspondent
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Investors’ confidence being restored in capital market: Finance Minister | JS Session
BSS

Finance Minister Amir Khosru Mahmud Chowdhury today told the parliament that the government has restored investors’ confidence in the capital market through wide-ranging reforms, transparent regulatory measures, and strict action against market manipulation.

Reforms and Regulatory Measures

The minister highlighted that the newly reconstituted Bangladesh Securities and Exchange Commission (BSEC) has begun delivering visible results, with the stock market maintaining an upward trend over the past two months. The BSEC, now comprising a chairman and three commissioners, has been instrumental in this transformation.

Transparent Appointments and Professionalism

Chowdhury assured the House that the appointments to the BSEC were made transparently, with none of the present commissioners appointed on political considerations. All commissioners are highly experienced professionals with extensive exposure to both domestic and international capital markets.

Actions Against Manipulation

The minister referred to the government’s drive against stock market manipulation during the previous regime. Punitive actions have been initiated against individuals and institutions involved in irregularities and market manipulation, with details of disciplinary measures published on the BSEC website.

International Interest and Future Prospects

Chowdhury expressed optimism that the government’s reform initiatives would establish Bangladesh’s capital market as a transparent, accountable, and internationally recognized investment destination. International fund managers from leading global financial centers are showing renewed interest in Bangladesh’s capital market.

Tax Reforms for Broader Tax Net

In addition to capital market reforms, the government has undertaken a comprehensive program to expand the country’s tax net. The National Board of Revenue (NBR) is identifying the market share of companies to make taxation more equitable. A simplified flat-rate tax system is being introduced to bring individuals and small businesses under formal taxation.

Source: BSS

FAQ

What measures have been taken to restore investor confidence in the capital market?
The government has implemented wide-ranging reforms, transparent regulatory measures, and strict actions against market manipulation. The newly reconstituted BSEC has also played a significant role in this restoration.
How has the BSEC contributed to the upward trend in the stock market?
The BSEC, comprising highly experienced and professional commissioners, has ensured transparency and accountability in the capital market, leading to an upward trend in the stock market over the past two months.
What actions have been taken against market manipulation?
Punitive actions have been initiated against individuals and institutions involved in irregularities and market manipulation. Details of these disciplinary measures have been published on the BSEC website.
What are the government’s plans for tax reforms?
The government is expanding the tax net and making the tax system more equitable. A simplified flat-rate tax system is being introduced to bring individuals and small businesses under formal taxation.

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