Reviving the confidence of general investors still remains a big challenge for the government and punishing the stock manipulators involved in the 2010 stock market debacle should be a priority task to make that happen, said a leading economic think thank on Monday.“The present government has taken many budgetary and non-budgetary steps for the development of the capital market. But the confidence among the investors is yet to be restored. It remains a big challenge for the government,” general secretary of Bangladesh Economic Association (BEA) Dr Towfique Ahmed Chowdhury said in a post-budget press conference at its conference room in the afternoon.
Association President Dr Abul Barkat and other committee members were present at the press conference.
Reading out a written statement at the press conference, Dr Chowdhury said the government needs to take necessary steps to stop the recurrence of such manipulation in the future to keep investors’ confidence unhurt.
He laid emphasis on effective coordination between the capital market and the money market. “But the government needs to create a public and corporate bonds market. It’ll help reduce dependence on the stock market, and the investors will be able to bring variation in their portfolios.”
The BEA leader also said the government should expand the Mutual Fund net to protect the interest of the small investors. (Source: UNB)
