DSE, brokers hail budget measures, see more investment-friendly market
DSE chairman says the budget reflects the government’s commitment to improving market governance and ensuring the long-term stability of the capital market.
The Dhaka Stock Exchange (DSE) and the DSE Brokers Association of Bangladesh (DBA) have welcomed the proposed budget, saying its reform measures will strengthen the country's capital market, restore investor confidence and create a more investment-friendly environment.
In a statement, DSE Chairman Mominul Islam said the budget reflects the government's commitment to improving market governance and ensuring the long-term stability of the capital market.
He welcomed initiatives aimed at enhancing coordination among regulatory authorities and capital market institutions, saying the measures would improve transparency, accountability and overall market efficiency.
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Mominul also appreciated the simplification of the Non-Resident Investor's Taka Account (Nita) operating process, noting that it would help attract both domestic and foreign investment while increasing market depth.
Referring to the DSE's ongoing reforms, he said the exchange has already taken steps to shift from the current T+2 settlement cycle to T+1 and eventually T+0, which would significantly improve settlement speed, safety and efficiency in line with international standards.
The DBA also termed the proposed budget timely and investment-friendly.
In a separate statement, DBA President Saiful Islam said the budget demonstrates a strong commitment to building a transparent, credible and robust capital market capable of supporting long-term investment financing, industrialisation and economic growth.
He highlighted several key initiatives, including strengthening the regulatory framework, enhancing investor protection, improving governance and accountability, expanding the bond market, promoting corporate bonds, mutual funds, green bonds and sukuk, simplifying the listing process, making disclosure systems more transparent and business-friendly, introducing municipal bonds, and encouraging equity-based financing over excessive reliance on bank lending.
According to Saiful, these initiatives could open a new horizon for the development of Bangladesh's capital market.
He added that the budget's clear policy commitment to positioning the capital market as a key driver of the economy, if effectively implemented, would attract both domestic and foreign investment, enable entrepreneurs to raise capital more easily, and accelerate employment generation and industrial growth.
