2024-02-13 06:23:36
Dhaka Stock Exchange (DSE) Chairman Dr. Hafiz Md. Hasan Babu said that after the introduction of Prime Minister Digital Bangladesh, Smart Bangladesh is reaching out to Bangladesh It will be implemented by 2041 and through this Bangladesh will become a country of the developed world. We have already moved from Digital Bangladesh to Smart Bangladesh. A smart capital market is needed to fulfill the goal of Smart Bangladesh.
He said these things while speaking as the chief guest at the ‘Smart Submission System of DSE Go Live’ program held at Nikunj Tower of DSE on Monday (February 12).
This information was informed in a press release sent by DSE. BAPLC President Rupali Haque Chowdhury and DBA President Saiful Islam were special guests on the occasion
Besides, the managing director of DSE was present. ATM Tarikuzzaman CPA and Chief Regulatory Officer Khairul Bashar Abu Taher Mohammad
DSE Chairman Prof. Dr. Hafiz Muhammad Hasan Babu said that smart economy is one of the 4 components of the Prime Minister’s implementation of Smart Bangladesh. And the two sectors of smart economy are capital market and money market. Today’s issue is not only to fulfill the Prime Minister’s goal, but it will work as a part of creating a smart capital market. In other countries the capital market plays a lot of role in the economy but unfortunately it does not happen in Bangladesh. In order to build a smart Bangladesh in the future, the capital market must be moved forward. Which has not happened yet. Because the mega projects of our country are being financed through banks. It is done through the capital market in developed countries. As the capital market grows, it also contributes to the development of the country.
He also said that to make the capital market smart, its operations should be made paperless. And that paperless journey has started today with the launch of this platform. DSE is already building its own Smart Call Centre. In that case, the capital market with Bangladesh is moving towards smart, DSE has started since last year. Today was its second initiative. One of the elements of capital market is getting stakeholders information right. If that cannot be taken then modern capital market will not be possible. The process of taking that information smartly has started today. In this, information will be available at the right time and various initiatives and decisions can be taken at the right time. If we can take everyone together and work for the development of the capital market, then we will have to implement the Prime Minister’s Smart Economy.
DSE’s managing director said in the welcome speech. ATM Tarikuzzaman said that the capital market has taken another step forward as the smart submission system was launched as part of the Prime Minister’s Smart Bangladesh goal. Listed companies will now be able to easily disclose accurate information through the Smart Submission System. The risk of willingly and unwillingly providing and disclosing wrong information will no longer exist. And any irregularity can be easily identified.
He also said that the start of this activity today marks the beginning of a historic step for the capital market. In line with Digital Bangladesh, DSE officials have developed a special submission system in collaboration with Shenzhen Stock Exchange. Till now various information of the company was submitted manually. This would have resulted in the possibility of unintentional mistakes. Launching this software will solve this problem. And this will make compliance easier. At the same time information gap and irregularities will be reduced.
Rupali Haque Chowdhury, president of BAPLC, the special guest of the program said that time will be saved as the opportunity to submit information online has been created. By doing this, the information of companies listed in the capital market can be reached at the earliest. However, if there is a problem in the system, there should be a solution to it immediately. So that the system does not stop working due to problems.
He also said that the work of the listed companies is to make the capital market dynamic. Working with everyone to further improve the market. Companies have some problems. But in that case care should be taken to ensure that the market and investors do not face any problem or loss. Today’s system will make it easier to provide information in addition to being part of the Prime Minister’s Smart Bangladesh mission. It will also reduce the time spent. Which has been timely work. There are many listed companies who can use this software very easily. At the same time there are some companies that are not automated they need to cooperate to use this software. They will get used to this software with time.
Saiful Islam, president of DBA, the special guest of the event, said that the information of the listed companies should be ensured in any way so that the information of the listed companies is not misrepresented or omitted in the development of the stock market. Care should be taken to ensure that no one can make unethical profit from the market and cause loss by giving wrong and false information. Many thanks to Dhaka Stock Exchange for this initiative today. It has started a very important topic.
He said, currently the chairman of DSE is an IT expert. So it will be unfortunate if DSE’s IT platform is deficient in future. Besides, this is the first time that the Chinese have cooperated in a project since they became strategic investors. However, the information of the companies is properly verified and disclosed. He expressed hope that then everyone’s purpose will be fulfilled.
Later, the main article of the program was presented by DSE Assistant General Manager and Head of Listing Affairs Department. Rabiul Islam.
In the main article he sheds light on the purpose, usage and technical framework of the developed software and various modules. DSE Chief Regulatory Officer Khairul Bashar Abu Taher Mohammad delivered the closing speech on the occasion.