Press Release
Cross Border Share Trading between Malaysia-Bangladesh can happen
- Says Mr. Nasiruddin Ahmed Chowdhury, First Vice President CSE
Chittagong, June 7, 2006: CSE First President Mr. Nasiruddin Ahmed
Chowdhury while delivering his speech to the Malaysian Business Delegation in
their visit in CSE said, “I would like to stress the need for exploring the
scopes for cross border share trading between Bursa Malaysia (Kulalampur Stock
Exchange) and Chittagong Stock Exchange. This opportunity will raise mutual
benefit of both the economies. I believe many of you are involved with stock
market investments. In this respect, I suggest you to discuss this issue with
your policymakers so that the economies of Bangladesh and Malaysia could reap
optimum benefit from this facility”.
|
He further said, CSE is always promoting foreign investors to invest
in Bangladesh through capital market. I am sure, many of you have interested
to start joint venture in Bangladesh. Bangladesh Government has been giving
many incentives in Agro Based Sectors, Light Engineering, and Textiles
for the foreign investors as well as for local entrepreneurs. It is the
high time for you to grab this opportunity and align our capital market
as a source of capital in your industry.
He also mentioned, Bangladesh-Malaysia has been maintaining a very good
relationship for long time.
|
Mr. Nasiruddin Ahmed Chowdhury, First Vice President of CSE is speaking
at a meeting with the MIDA & MASSA Joint Business Mission held at
CSE today. Mrs. Jalilah Baba, Director of Malaysian Industrial Development
Authority (MIDA), Mr. AB Siddique CEO, CSE, Mr. Abdul Matlub Ahmad, Chairman
of Nitol Group and Alhaj Kamal Mostafa Chowdhury Member of CSE and MCCI
are also seen in the picture.
|
We are very happy to hear that recently Malaysian government has withdrawn
the restriction on manpower import from Bangladesh. Now a large number of trained,
skilled, semi-skilled manpower can be exported to Malaysia.
Our trade deficit by US dollar 265.81 million, which is disfavoring Bangladesh.
Steps should be undertaken to reduce this gap for a healthy trade and business
leading to a long lasting economic cooperation between the two brotherly countries.
In this respect, I would like to call our business leader for increasing technical
cooperation between the two countries to further develop in the key sectors
like education, tourism, agriculture etc. and increase joint ventures on these
sectors and raise fund from our Capital Market.
While saying on CSE’s credibility, he said, CSE has become a model Exchange
in the country as an accountable, transparent and a state-of-the-art organization.
It has become an indispensable institution in the capital market of Bangladesh.
It is the proponent of many new concepts including trading system automation,
central depository system, Internet Trading, Independent Secretariat, South
Asian Federation of Exchange, Securities Training Institute etc. most of which
have been materialized very successfully. CSE pioneered nationwide online trading
bringing millions of investors in its investment net. Through Internet trading
it will soon expand globally to attract foreign investments and cross-border
trading is only a matter of time.
He requested business delegation to make one-to-one contact between the businessmen
of both the countries and help us to expand our trading relationship.
Mrs. Jalilah Baba, Director, Malaysian Industrial Development Authority (MIDA)
in her speech said, MIDA will speak with the Bursa Malaysia to find out possibility
of regional exchange program between both the stock exchanges and also cross
border listing issues. Mrs. NG Shelue Lih, Senior official of MASSA, Mr. Abdul
Matlub Ahmad, Chairman of Nitol Group, Alhaj Kamal Mostafa Chowdhury Member
of CSE and MCCI, Alhaj M A Bakar, Member of CSE and MCCI, Mr. A B Siddique Chief
Executive Officer were present in the meeting while Mr. AKM Shahroze Alam, Deputy
Manger of Corporate Development made presentations on CSE and aware business
delegation about the current scenario of Bangladesh Capital Market.
_________________
AKM Shahroze Alam
Deputy Manager
Corporate Development
0171 3 108 910