‘BSEC doesn’t have manpower to monitor companies properly’

The Bangladesh Securities and Exchange Commission (BSEC) cannot monitor all companies properly due to a lack of manpower, said BSEC Chairman Prof Shibli Rubayat-Ul-Islam.

With the existing manpower, it is not possible for the stockmarket regulator to monitor all 1,100 listed or capital raising companies in 200 working days of a year, he said.

"Despite the lacking, the regulator is trying to monitor them. So, there might have been some mistake. If we do not work and remain silent then no mistake will take place."

The BSEC chairman made the comments today at the inaugural ceremony of three-day capital market expo that was organized by a business news-based online portal arthosuchak.

The event began today at the Institution of Diploma Engineers, Bangladesh in Kakrail mainly to increase awareness among people about the capital market.

The entrepreneurs should go to the stock market to meet at least 50 per cent of their financing demand, Commerce Minister Tipu Munshi said after inaugurating the expo.

The country's business and trade will expand if the businesses are provided with more fund from the stock market, he said.

The minister also expressed hope that the stockmarket will turn around from the existing falling trend.