DSE, BGCCI ink MoU
Thursday, 12 January 2012
FE Report
The Dhaka Stock Exchange (DSE) and Bangladesh-German Chamber of Commerce and Industry (BGCCI) inked a Memorandum of Understanding (MoU) to appoint a consultant company in a bid to enter onto international share market arena.
After the signing ceremony, Mr Saiful Islam, president of Bangladesh-German Chamber of Commerce and Industry said "Now on the DSE will enter into global financial and investment arena from local concept as a follow-up of this deal."
Mr Islam said earlier in 2010, the government took initiative to establish a special economic zone in the country though it did not come into effect yet now.
"If the government could build the declared special 'economic zone' by June this year, at least 12 German companies will invest in the country which will also be listed in the capital market," he added.
Mr Islam said, to become an international standard stock exchange, DSE has to fulfill some criteria and for this purpose DSE management is going to appoint a globally reputed consultant company.
"The DSE will be connected with German Stock Exchange through the credit rating," Mr Islam said.
However, he said it needs an independent research report which will be done with German assistance.
The Dhaka Stock Exchange (DSE) and Bangladesh-German Chamber of Commerce and Industry (BGCCI) inked a Memorandum of Understanding (MoU) to appoint a consultant company in a bid to enter onto international share market arena.
After the signing ceremony, Mr Saiful Islam, president of Bangladesh-German Chamber of Commerce and Industry said "Now on the DSE will enter into global financial and investment arena from local concept as a follow-up of this deal."
Mr Islam said earlier in 2010, the government took initiative to establish a special economic zone in the country though it did not come into effect yet now.
"If the government could build the declared special 'economic zone' by June this year, at least 12 German companies will invest in the country which will also be listed in the capital market," he added.
Mr Islam said, to become an international standard stock exchange, DSE has to fulfill some criteria and for this purpose DSE management is going to appoint a globally reputed consultant company.
"The DSE will be connected with German Stock Exchange through the credit rating," Mr Islam said.
However, he said it needs an independent research report which will be done with German assistance.