Prime Minister Tarique Rahman today assured the Jatiya Sangsad (JS) that the government is committed to restoring stability and regaining the confidence of investors in the country’s capital market. He outlined a series of initiatives aimed at building a developed and sustainable capital market.
Government Initiatives for Capital Market Stability
The Prime Minister highlighted the government’s efforts to ensure good governance, transparency, and accountability in the capital market. This includes the appointment of a chairman and three commissioners with expertise and experience to the Bangladesh Securities and Exchange Commission (BSEC).
Other key measures include the immediate withdrawal of the floor price after the new commission assumed office, encouraging the direct listing of profitable state-owned companies, and creating opportunities for multinational and high-capital companies to list shares.
Addressing Market Manipulation and Ensuring Protection
To prevent market manipulation, the government plans to disclose critical information and undertake initiatives to protect and incentivize whistleblowers. Additionally, policies for auditing listed companies and market intermediaries through qualified auditors are being formulated.
Significance and Future Outlook
The Prime Minister noted that the capital market is gradually improving, as evidenced by recent newspaper reports. These reforms are crucial for attracting both domestic and foreign investment, fostering economic growth, and ensuring the market’s long-term sustainability.
The government’s commitment to these reforms underscores its dedication to creating a robust and trustworthy capital market, which is essential for the country’s economic development.
