BSEC: Bangladesh Securities and Exchange Commission Chairman Professor Shibli Rubayat-Ul-Islam said that the stock market is being given a complete shape by bringing innovative products.
He stated this in the President’s speech at the ‘Investment Education Conference’ organized jointly by BSEC, Bangladesh Academy for Capital Markets (BASM) and Capital Market Stabilization Fund (CMSF) at a convention center in Sylhet on Saturday (January 21). Expatriate Welfare and Foreign Employment Minister Imran Ahmed was the chief guest at the event.
Professor Shibli Rubayat-Ul-Islam said “we are giving a complete shape to the capital market by bringing all innovative products. Many doors are opening for you in alternative finance and investment. By getting your small investments through bonds or equity, big companies are creating big industries in the country. Thousands of people are getting employment. When employment is created from home to home, there will be no way to stop the development of the country. At this moment employment is the only thing we need. Therefore, the only source of long-term investment is the capital market”.
He said, just as you need businessmen, so businessmen also need you. Traders will benefit through investors, giving good returns to investors. We warn, penalize and fine those who do not file returns. Very soon you will see a beautiful Share market.
Regarding investment education, Professor Shibli Rubyat-Ul-Islam said that all brokers and investors are being trained. Because we realized, when people know and understand, no one can deceive them. There will be no word of trust, our work will also decrease.
He said Bangladesh is now the 41st largest economy in the world. We are assured of food, clothing and shelter. We now have to import heavy industries like oil, iron, copper. Bangladesh is now the second-largest exporter of textiles. As the price of the dollar increases, the product has to be bought at a higher price. The result is inflation. If the supply chain is fixed, the price of the dollar will come down. And if the price goes down, our pressure will also go down.
