FE Report
Dhaka Stock Exchange (DSE) has hailed the government for presenting 'a balanced and growth-oriented budget' for fiscal 2007-08 saying for the first time due emphasis on the development of country's capital market has been given in the budget.
"We express our heartfelt felicitation for presenting such a balanced budget showing visions for the future growth of the country, specially for understanding the need for increasing the supply of securities," A DSE statement signed by its president Abdullah Bokhari and chief executive officer Salahuddin Ahmed Khan said Thursday.
The DSE statement said the government of Bangladesh will offload shares of a number of state-owned companies and also encourage the private sector telecommunication companies to go public.
The DSE also urged the government to turn Chittagong and Mongla ports and Biman into public limited companies to facilitate them to float shares for general public.
"The tax incentives as proposed for treasury bonds and zero coupon bonds will enable provident funds, pension funds and insurance funds to use government bonds and thus strengthen the secondary market for such bonds," the DSE said.
DSE happy over emphasis on capital market development
FE Team | Published: June 09, 2007 00:00:00 | Updated: February 01, 2018 00:00:00
Share if you like