Business Desk: Terming capital market as very vital to the economy of the country, Commerce Minister Tipu Munshi on Thursday said that alongside the companies with good fundamentals, skilled investors are also needed to keep the capital market strong.
“Investors need special education in this regard. Only then we can expect some good things from the capital market. The investors in the capital market need to acquire enough knowledge to this end,” he said.
The commerce minister said this while inaugurating the three-day ‘Capital Market Expo-2023’ as the chief guest held at the Institution of Diploma Engineers, Bangladesh (IDEB) today.
Online media Arthosuchak, specialized in trade and economic affairs, is organizing the exposition. The slogan of the event is ‘Adhar Seshe Asei Alo, Pujibajare Hobei Bhalo’.
Noting that the economy of Bangladesh is now strong enough and it is also moving fast, Tipu said the development of Bangladesh is now visible.
He said that the economy of Bangladesh is now in a solid foundation under the dynamic leadership of Prime Minister Sheikh Hasina.
“We’ve successfully attained the MDGs and thus got reward. We’ll be able to attain the SDGs much before 2030 and thus turn Bangladesh as a developed country by 2041. All concerned will have to work together from their respective positions in this regard,” he added.
The minister mentioned that when the whole of the world was reeling to the COVID-19 pandemic, the economy of Bangladesh remained operational thanks to the farsighted decisions of the Premier.
He said that the head of the government than had kept alive the trade and commerce of the country trough announcing various stimulus packages. “We’re getting benefits of that. We’ll also have to restore the
confidence of the investors towards the capital market,” Tipu added.
The commerce minister opined that the country’s capital market would have to move forward to a much stronger position like the RMG sector bounced back after the “Rana Plaza” building collapse. “For this, all concerned of this sector will have to work hard with responsibility.”
Citing that many challenges will come following the LDC graduation, Tipu said that the country would have to face those through skills and experiences and thus moving forward.
Presided over by editor of Arthosuchak Ziaur Rahman, Bangladesh Securities and Exchange Commission (BSEC) Chairman Prof Shibli Rubaiyat Ul Islam spoke on the occasion as the special guest.
Besides, Dhaka Stock Exchange (DSE) Chairman Yunusur Rahman, Chittagong Stock Exchange (CSE) Chairman Asif Ibrahm, Bangladesh Association of Publicly Listed Companies (BAPLC) President Anis Ud Dowla, and Bangladesh Merchant Bankers Association (BMBA) President Richard Di Rozario spoke as guests of honour.