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‘Become a part of Bangladesh’s vibrant stock market’

Staff Correspondent
30 Nov 2022 00:03:35 | Update: 30 Nov 2022 00:03:35
‘Become a part of Bangladesh’s vibrant stock market’
Many non-resident Bangladeshis and Japanese investors and businesses participated in the event – Collected Photo

Commissioner of the Bangladesh Securities and Exchange Commission (BSEC) Shaikh Shamsuddin Ahmed has called on the Japanese investors as well as the non-resident Bangladeshis (NRBs) to invest more in Bangladesh’s vibrant capital market.

BSEC was now offering special incentives to the foreigners and non-resident Bangladeshis who put their funds in Bangladesh’s stock market, helping them book lucrative capital gains, he said.

The BSEC commissioner made the urge while addressing an event styled ‘Investment Flash Mob’ organised by the BSEC and Bangladesh Investment Development Authority (BIDA) at a hotel in Tokyo in Japan on Tuesday.

Salman F Rahman, private industries and investment adviser to the prime minister attended the programme as the chief guest, while Professor Shibli Rubayat-Ul-Islam, BSEC chairman, Lokman Hossain Miah, executive chairman of BIDA, and Kimonori Iwama, Japanese ambassador to Bangladesh, among others, joined the event.

Many non-resident Bangladeshis and Japanese investors and businesses participated in the event.

Referring to many lucrative stock investment products, Shamsuddin Ahmed said the foreigners and NRBs were now enjoying very attractive tax facilities on stock investments in Bangladesh as the BSEC was aiming to bring in more foreign investments in the country’s stock market.

He also detailed the trading procedures for foreigners and NRBs, saying that it is very easier and tech-savvy to conduct stock trading in Bangladesh from anywhere.

Speaking at the event, Salman F Rahman said Bangladesh’s economy made significant progress in recent years and now turned into a lucrative and safer destination for global investors.

There has been an excellent relationship between Bangladesh and Japan since the birth of Bangladesh in 1971. So, the Bangladesh government always welcomes Japanese investors to invest in the country’s many promising sectors, he stated.

BSEC Chairman Professor Shibli Rubayat-Ul-Islam displayed a presentation titled ’50 Years of Bangladesh: The Rise of Bengal Tiger’ in which the stellar progress in Bangladesh’s socio-economic aspects was exhibited.   

Referring to Bangladesh’s stunning economic developments under the leadership of Prime Minister Sheikh Hasina, Professor Shibli Rubayat-Ul-Islam, pointed out the constant upward scenario of market capitalisation, returns, and capital raising in the country’s stock market in the last 12 years.

Terming the prospects of Bangladesh’s capital market as promising, the BSEC chairman urged the Japanese investors and NRBs to be a part of the progressive journey of the country’s capital market.

Speaking at the event, BIDA Chairman Lokman Hossain Miah said Bangladesh became an investment hub for global investors, as the government was implementing the establishment of 100 economic zones across the country many of which already took off.

Apart from the establishment of investment sites, the government was also reforming many rules and regulations related to investment issues including, land acquisition, financing, and taxation in a bid to facilitate investments in the country, Lokman Hossain added.

Referring to many giant Japanese companies being operational in Bangladesh, the BIDA chairman further said many high-tech parks were also being set up across the country to facilitate both local and foreign investors by offering a special tax benefit for investors in those sites.