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Add’l incentives key to woo big companies: BMBA

Staff Correspondent
08 Jan 2022 19:09:10 | Update: 08 Jan 2022 19:11:16
Add’l incentives key to woo big companies: BMBA
— Courtesy Photo

The Bangladesh Merchant Bankers Association (BMBA) has called for increasing post-listing additional incentives to attract the big companies to the capital market.

“A company needs to follow a handful of compliance after listing, what pushes up the expenditure cost. Therefore, it is imperative to increase the financial incentives to encourage good companies to enter the capital market,” said BMBA President Sayedul Islam.

While exchanging views with the Capital Market Journalists Forum (CMJF) on Thursday, he also noted that most of the profitable business groups remained out of the stock market.

“The existing incentives are not lucrative enough to lure them into the stock markets,” he said.

The BMBA and CMJF leaders vowed to work in a coordinated manner to safeguard the interests of investors and make a significant contribution to the development of the capital market.

Ziaur Rahman, the newly elected president of CMJF; Abu Ali, its general secretary; Imam Rubel, former president; Monir Hossain, former GS; and other leaders of both organisations, spoke at the event.