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Dhaka     Tuesday   21 May 2024

‘Bangladesh assures a guaranteed high rate of return to investors’

Uday Hakim, from San Francisco || risingbd.com

Published: 11:27, 3 August 2021   Update: 11:29, 3 August 2021
‘Bangladesh assures a guaranteed high rate of return to investors’

Shibli Rubayat-Ul-Islam, chairman of Bangladesh Securities and Exchange Commission (BSEC), urged the American business persons to invest in Bangladesh, saying, ‘We are eagerly waiting to welcome new investors as Bangladesh’s economy is growing in a rapid manner. Investors are guaranteed a high rate of return by investing in the Bangladesh stock market with having a sound environment in terms of investment. The educated workforce is helping to drive the growth of our economy.’

Prof. Shibli Rubayat, and also a former Dhaka University teacher and researcher, came up with the comments in his inaugural speech delivered at the final phase of the BSEC’s roadshow in the USA.

The final USA roadshow was held at the Hyatt Regency Santa Clara, Silicon Valley after the three successful roadshows respectively held in New York, Washington DC and Los Angeles.

To demonstrate the scenario and the opportunities to the investors, the distinguished delegates joined in a US-Bangladesh Tech Investment Summit along with tech industry conglomerates and investors at this roadshow.

The Silicon Valley roadshow begun around 5:30pm local time on August 2 (around 6:30pm on July 3 Bangladesh Time). Bangladeshi superbrand Walton is one of the sponsors of this roadshow.

Prof. Rubayat said, ‘Bangladesh witnessed the political stability, a dynamic growing economy and especially a moving stock market over the last couple of years with increasing the reserve records day by day. It’s possible to meet the import cost of around 10 months with that reserve.’

‘Strong governance system has been maintained in the Bangladesh’s financial sector. Country’s stock market is not out of this. Companies listed on the stock market are regularly monitored maintaining some effective steps. Their performance is also being regulated in a bid to ensure the safety of the investors. Investors are given a lot of protection in Bangladesh with expatriate and foreign investors can easily invest in Bangladesh through Nita account and they can easily return their investment money and dividends without any approval of the authorities,’ the BSEC chairman assures.

Quoting the Hong Kong-based Asian Frontier Capital Fund, he adds, ‘Bangladesh’s stock market has performed the best in Asia in the third quarter of 2020 during this Coronavirus pandemic. Double digit growth has also been witnessed in the Dhaka Stock Exchange (DSE) during this period. Transactions, indices and market capitalization are also showing the increasing performance.’

The main title of the USA roadshow was- ‘THE RISE OF BENGAL TIGER: Potentials Of Trade and Investment in Bangladesh.’ The roadshows were run from July 26 to August 2 in four cities across the United States.

Prime Minister Sheikh Hasina’s private sector adviser Salman F Rahman, Senior Finance Secretary of the ministry of finance Abdur Rouf Talukder, BSEC Chairman Shibli Rubayat-Ul-Islam, Commerce Secretary Tapan Kanti Ghosh, BIDA Executive Chairman Md Sirazul Islam, BEPZA Executive Chairman Major General Md Nazrul Islam and some other government and non-government high-ups were present at the event.

The third phase of the week-long roadshow organized by the BSEC was held around 5:30pm on July 30 (around 6:30am on July 31, Bangladesh Time) at the Inter Continental Los Angeles Downtown while the second roadshow was be held at Ritz-Carlton Hotel, Washington DC on July 28.

Earlier, the week-long roadshow, an initiative of BSEC, to showcase the strength and opportunities of business and investment in Bangladesh for the investors abroad, was started from Manhattan, New York (July 26, 2021).

Walton has become the main attraction of the roadshow in the United States. Walton display centers were decorated with big-screen display, X-stand, banner, and so on. The video screen featured a digital documentary on Walton’s production and marketing. A few skilled officers gave investors and visitors a better idea of Walton’s vision and mission.