Bangladesh's Corporate World

  Salman F Rahman, private industry and investment adviser to the prime minister, stressed the need for strengthening the base of institutional investors to make the capital market stable. He said 80% of our investors are in retail but the situation is the opposite in other countries. He was speaking as the chief guest at a meeting on "Importance of Financial Literacy in Capital Market Development" organised by the Bangladesh Merchant Bankers Association (BMBA) on the occasion of World Investor Week, a global campaign to raise awareness about the importance of investor education and protection. Salman F Rahman mentioned that the Bangladesh Securities and Exchange Commission (BSEC) has already carried out numerous reforms for the development of the capital market.But the financial knowledge is very important for investors as well as authorised traders and institutional employees for becoming more professional. Salman F Rahman emphasised strengthening mutual funds so that ne...

Prime Minister's Adviser on Private Industry and Investment Salman F Rahman blamed authorities of Hazrat Shahjalal International Airport in the capital for their failure in repairing the broken Explosive Detection System (EDS) machines which is hampering cargo export operations.       The adviser expressed his disappointment during a surprise visit to the airport on September 29. Four EDS machines had been malfunctioning at the Dhaka Airport, slowing down the export of goods. Expressing his anger, Salman F Rahman said major European buyers, especially Inditex Group, C & A and H & M, had complained for not getting their products on time. Domestic traders had also made the same complaints, he added, which is why he had decided to visit the Airport Cargo Village by himself. Officials of Biman Bangladesh Airlines, HSIA and leaders of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) were present during the visit.   At a press confer...