Govt takes fresh moves to bring MNCs into stock market

The government has taken a fresh move to bring multinational companies running their businesses profitably in Bangladesh to the capital market as it thinks that the market has now got a much more solid ground compared to any other time. The decision was taken yesterday during a high level policy meeting at the Prime Minister’s office. Several short and long term plans and policy directives were churned out during the meeting in where top executives from the country’s two bourses and the regulatory body took part.

The meeting decided to take more fruitful measures so that participation of banks and non-banking financial organisation increases in the capital market.  Directives were also made to provide relaxed loan terms to merchant bankers and institutional investors, to increase the capacity of the Investment Corporation of Bangladesh (ICB), and to lure more foreign investments through lucrative offers.      

Earlier, Dhaka stocks’ meltdown continued for three days in a raw as panicked investors kept frantic selling in the worst spell of market fall after the 2010-2011 market crash.  Due to continuous fluctuations of stock markets, small investors held a protest program in front of the Dhaka Stock Exchange old building at Motijheel in the capital few days ago. They asked for directives from authorities.

 

Govt takes fresh moves to bring MNCs into stock market

The government has taken a fresh move to bring multinational companies running their businesses profitably in Bangladesh to the capital market as it thinks that the market has now got a much more solid ground compared to any other time. The decision was taken yesterday during a high level policy meeting at the Prime Ministers office. Several short and long term plans and policy directives were churned out during the meeting in where top executives from the countrys two bourses and the regulatory body took part. The meeting decided to take more fruitful measures so that participation of banks and non-banking financial organisation increases in the capital market. Directives were also made to provide relaxed loan terms to merchant bankers and institutional investors, to increase the capacity of the Investment Corporation of Bangladesh (ICB), and to lure more foreign investments through lucrative offers. Earlier, Dhaka stocks meltdown continued for three days in a raw as panicked investors kept frantic selling in the worst spell of market fall after the 2010-2011 market crash. Due to continuous fluctuations of stock markets, small investors held a protest program in front of the Dhaka Stock Exchange old building at Motijheel in the capital few days ago. They asked for directives from authorities.