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Fresh move on to bring multinational companies to share market
The government has taken a fresh move to bring multinational companies running their businesses profitably in Bangladesh to the capital market as it thinks that the market has now got a much more solid ground compared to any other time.
The Finance Ministry has sent a letter to various ministries, regulatory bodies, National Board of Revenue (NBR), Bangladesh Bank, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) in this regard.
“We sent the letter on July 31 and asked them to come up with their suggestions within this month how the multinational companies could be brought to the capital market,” a senior official of the Finance Ministry told UNB.
The official said the next steps will be taken once the suggestions from these institutions are available.
While speaking at a pre-budget discussion with the Economic Reporters' Forum on May 13, Finance Minister AMA Muhith said time has come to bring the multinational companies to the capital market. “There were no rules and regulations and laws for the share market, but the capital marker has bounced back and it is no more a curb market,” he said.