Salman F Rahman said strong base of institutional investors needed

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 new investors who have a lack of knowledge on the capital market can receive proper returns after investing in the stocks. Stressing the need for a vibrant bond market, he said, "The size of our bond market is only 2-3% of the equity market. But it is 3-4 times higher in other countries."

The PM's adviser defended market fluctuations and said the market makes corrections after rallies which is a regular phenomenon of a capital market. "Now the market is growing in line with the growth of the economy. It is also part of the lesson. Many people make negative comments without understanding the reason behind the rise of market indices," he added. BSEC Chairman Professor Shibli Rubayat-Ul-Islam said, "The stock market is moving towards maturity. So, we have to be more professional about the market now."

Comments

About Nasir Group

Nasir Group is one of the largest industrial conglomerates in Bangladesh. The industries include industrial glass, tobacco, printing and packages, light engineering, melamine. It is one of the leading industries in glass manufacturing sector of the country. The company started its journey in 1977. Now this group expands in every industrial sectors of Bangladesh like tobacco, melamine, printing and packaging and footwear. Recently it started producing energy saving light bulbs. Nasir group has a great role in socio-economic development of the country. Dominance in Glass Sector Glass is one of the products of Nasir Group of Industry. Nasir group has a vital role to make Bangladesh self-sufficient in glass sector. This company provides a large portion of glasses to meet country’s demand. Nasir group started float glass production in 2005. The company built its glass manufacturing factory in Gazipur at a cost of Tk.300 crore. Nasir Glass now holds more than 40 percent of the total mark...

After Beximco Group, Square Group and Pran Group, PHP Family is coming up

Along with Beximco Group, Square Group, Pran Group, PHP Family is contributing immensely to the economic progress of Bangladesh. Beximco Group and Square Group are the top private sector players but companies like PHP Family are coming up. Sufi Mohammed Mizanur Rahman, an ex banker, established PHP Group which was later re-named as PHS Family. PHP Float Glass is a concern of PHP group and is the pioneer of glass industries in the country. Now PHP float glass industry is the largest glass producer. Ample success in Glass sector along with other indusial sector, PHP group is contributing much to the development of the country. PHP float glass industry limited is Chittagong based sister concern of PHP group. Built on 30-acres of land, with a total investment of Tk 300 crore, the PHP Float Glass Industry at Barabkunda of Sitakunda in Chittagong launched its commercial production in 2005.It produces various types of glass according to local demands. It produces clear-glass sheet of 2MM...

Bangladesh's fashion industry

Fashion is a popular style or practice, especially in clothing, footwear, accessories and makeup. Fashion is a distinctive and often habitual trend in the style in which a person dresses up. Fashion industry is the product of modern age. In the past tailors and dressmakers were undoubtedly responsible for the innovation of fashion and changing fashion as well. Actually fashion depends on taste of people. For this reason fashion varies from region to region. Before 20th century most of the dresses were handmade. At the beginning of 20th century fashion magazines were more responsible for adopting and changing fashion. But at present media, social network, fashion websites play the most important role for changing fashion. Though the people of Bangladesh have a unique fashion of their own, they also follow the fashion of many countries. For this there is huge opportunity for the fashion industry to grow. As a result, depending on the taste of Bangladeshi people a huge numbe...

Bangladesh's Corporate World

Search This Blog