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There are plans to hold similar roadshows in London, Rome, Toronto, New York, Hong Kong, Singapore, Shanghai and Tokyo
The Bangladesh Securities and Exchange Commission (BSEC) is set to organise a four-day roadshow in Dubai from February 9-12 as part of its efforts to attract foreign investors and non-resident Bangladeshis (NRBs) to the country’s bourses.
The roadshow styled “Rising of Bengal Tiger: Potentials of Bangladesh Capital Markets” is the first of its kind by the securities regulator.
“We will present our potential and economic development and growth track record to attract investors. We hope more foreign investment will come soon,” said BSEC Chairman Shibli Rubayet ul Islam.
The BSEC has plans to arrange similar roadshows in London, Rome, Toronto, New York, Hong Kong, Singapore, Shanghai and Tokyo.
Two summits on Bangladesh’s capital market, as well as multiple bilateral and multilateral meetings, will also be held at the roadshow, said Mahbubul Alam, executive director of the BSEC.
Besides, the regulator will hold two other programmes to promote new investment opportunities and the scopes for private equity and venture capital investment here.
In 2020, total transactions of foreign portfolio investors amounted to Tk 10,388 crore, accounting for 7.7 per cent of the bourse’s transactions, according to data from the Dhaka Stock Exchange.
In 2019, the amount was Tk 7,845.45 crore, which was 6.9 per cent of the total transactions that year.
UCB Stock Brokerage, formerly UCB Capital Management, will also launch a digital booth at the event, which the BSEC chairman will inaugurate today.
In November last year, the BSEC allowed stockbrokers to open digital booths at home and abroad.
After the stock market crash in 2010, the BSEC had put a bar on opening brokerage house branches beyond the capital.
Land Minister M Saifuzzaman Chowdhury will inaugurate it at the Park Hyatt Hotel in Dubai.
(DT)
