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28 April, 2019 01:32:27 PM / LAST MODIFIED: 28 April, 2019 04:15:48 PM
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Revitalising capital market is important: Salman F Rahman

Independent Online Desk
Revitalising capital market is important: Salman F Rahman
Salman F Rahman speaks at an international conference jointly arranged by Dhaka Chamber of Commerce and Industry (DCCI) and GuarantCo at Hotel Radisson Blu in the capital on Sunday, Apr 28, 2019. Photo: UNB

Salman F Rahman, the Prime Minister’s adviser on private industry and investment, on Sunday urged stakeholders to find means for long-term financing for the benefit of the local capital market and economic growth.

He also emphasised restoring the confidence of all stakeholders related to the country's capital market.

He made the remarks at an international conference jointly arranged by Dhaka Chamber of Commerce and Industry (DCCI) and GuarantCo at Hotel Radisson Blu in the capital, UNB reports.

Salman noted that commercial banks utilise short-term deposits to finance long-term projects.

"This has been a fundamental problem in our banking sector," he said.

He also mentioned about capital market crash saying, "All stakeholders retreated to a comfort zone (after major stock market crashes). It has acted as a major impediment for the capital market’s growth."

He urged the private sector to come forward with unique initiatives for the development of capital market infrastructure.

"Restructuring and revitalising of the capital market are important," he added.

BK

 

 

 

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Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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