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The Bangladesh Association of Publicly Listed Companies (BAPLC) on Sunday (September 27) evening submitted a comprehensive five-year policy roadmap (2026–2030) to the Bangladesh Securities and Exchange Commission (BSEC) to revitalize investor sentiment and modernize equity market architecture. Formulated in consultation with leading chartered financial analysts, corporate secretaries, and institutional investors, the policy document outlines sixteen strategic reform interventions aimed at attracting long-term domestic and foreign capital. BAPLC leaders emphasized that restoring corporate accountability and market discipline is essential to transitioning Bangladesh's stock bourses into reliable wealth generation platforms.
A core pillar of the proposed roadmap focuses on rationalizing onerous regulatory compliance burdens while imposing stringent penal liabilities on willful default and financial statement fabrication. BAPLC recommended that the securities regulator streamline bureaucratic approval timelines for Initial Public Offerings (IPOs) and rights issues, replacing arbitrary discretionary reviews with automated checklist clearances. The association noted that lengthy listing procedures, which currently take up to eighteen months, have discouraged profitable, well-governed multinational conglomerates and domestic tech startups from raising capital on the bourses.
The five-year blueprint also advocates for significant fiscal and tax incentives to reward publicly listed entities that adhere to exemplary corporate governance benchmarks. BAPLC proposed widening the existing corporate income tax differential between listed and non-listed entities from the current 5 percent to 10 percent, creating a compelling financial rationale for private family-owned businesses to go public. Furthermore, the roadmap calls for the introduction of secondary market market-making frameworks and the issuance of asset-backed green bonds to diversify investment products beyond conventional equities.
Financial market analysts and fund managers warmly commended BAPLC's strategic initiative, noting that capital market capitalization in Bangladesh remains beneath twenty percent of the nation's Gross Domestic Product (GDP), lagging far behind peer emerging economies in Southeast Asia. Analysts pointed out that the lack of institutional depth and scarcity of high-quality corporate debt instruments have left retail investors vulnerable to secondary market speculation and liquidity shortages. Implementing BAPLC's recommendations would foster institutional stability and expand domestic pension fund equity investments.
BAPLC President Md Anis A Khan stated on Sunday night, "Our five-year roadmap provides a realistic framework to restore investor trust, attract quality listings, and integrate our bourses with international capital flows." He expressed optimism that the BSEC will initiate tripartite consultative dialogues with the National Board of Revenue (NBR) and the Ministry of Finance to implement the recommended tax reforms in the upcoming national budget. He reaffirmed that publicly listed corporations are prepared to embrace heightened ESG disclosures to anchor sustainable market expansion.
https://thedailyexpress.news/news/business/1f1ba94d-606e-6be0-8162-c85e790a0604