Press Release
Chittagong, March 21, 2006: Bangladesh Capital Market is much neglected from the very beginning by the policy makers that could be contributed to the national economy immensely said Prof. Dr. AKM Azharul Islam while speaking as Chief Guest at a jointly organized seminar by CSE and International Islamic University Chittagong (IIUC) at university campus. The seminar topic was “ Risk of Investment in Share Market: A Pros and Corns Analysis.”
Dr. Islam also said we have to aware about our Capital Market to our next generation, as they are more enthusiastic about our share market, able to take risk and also knowledgeable. These students will lead the capital market more effectively in the near future, he added. He urged education ministry’s attention to make compulsory curriculum about capital market in the higher education. He said, in our neighboring countries students can learn about their capital market from their secondary level while in Bangladesh it is absent. He also said, if we could not produce our next generation as an investor or entrepreneur the vacuum of industrialization or employment generation in the country will never be fulfilled.
Dr. Islam also appreciated of recent development for the capital market that initiated by Finance Ministry of mandatory provision of debt equity ration for project financing. He said for project financing, entrepreneur should look into capital market, it is our obligation to share profit with general people, foreign companies should not be allowed repatriating the entire profit to their country. He also said, poverty reduction is not a big issue for our country rather problem is lack of framing effective policy, corruption, poor good governance etc.
Mr. A B Siddique, Acting Chief Executive Officer while speaking as guest of honor said, after 1996 debacle, share market is much matured, perfectly supervised by the regulatory body SEC, effective rules and regulation are implementing to protect the investors, concerted efforts are taking by jointly SEC, CSE and DSE, above all a fresh investor would find the present share market that are monitored in a very transparent way.
Prof. Dr. Sayed Md. Ather while speaking as Chairperson requested to upper, mid or lower level income people to save their money and consider share market as an alternative investment. Our great concern now a days is how we can face recent surge inflation rate. Peoples are every day fighting with their limited income, if we are properly guided and informed, and invest our money in share market we can face the above challenge.
Enthusiastic students raised different questions on Bangladesh Capital Market while an elaborate presentation on the topic visualized by Mr. Golam Rabban Chowdhury, GM-Corporate Development.
Mr. Farid Ahmed Sobhani, Head, DBA, IIUC, Mr. Mohammed Shamsul Karim, Convenor, Seminar, Workshop & Conference Committee, DBA, IIUC, Mr. AKM Shahroze Alam- Deputy Manager, Corporate Development were also participated in the program.
For Chittagong Stock Exchange