The Stock Exchange of Thailand (SET)’s 13th President has announced the strategic direction “Creating Partnership Platform to Drive Inclusive Growth” with four agendas.
Transform, Strengthen, Enhance, and Grow with quality aiming at promoting market quality, improving market accessibility, building capital market infrastructures as well as removing obstacles and streamlining processes for the whole capital market, reinforcing SET’s vision “To Make the Capital Market ‘Work’ for Everyone.”
SET President Pakorn Peetathawatchai outlined his strategic directions in his first major address since taking the office on June 1, saying
“With the digital revolution, demographic changes, globalization and national policies, the exchange will proactively build partnership platforms in the capital market that bring together stakeholders to deliver innovative products and services that will benefit the society and economy.”
Key four agendas are as follows
SET will utilize technologies and innovations to optimize and improve end-to-end services by building open platforms to serve common needs of stakeholders in the capital market. In addition, these open architecture platforms promote partnership and collaboration among all stakeholders and stimulate innovation.
To groom SET employees and capital market professionals to be ready to cope with challenges and leverage opportunities in the new era of the capital market. In addition, Regulatory Reform will take place to update current regulations to cope with the new business landscape.
To make Thai capital market standout in the global arena as “Market of Well-being”, which includes businesses related to infrastructures, tourism, hospitality, healthcare and food, all of which are the country’s competitiveness and strengths of the Thai capital market that can supply funding need for infrastructure investment projects in the region, especially CLMV.
To continue to promote the Thai capital market towards sustainable growth with high quality in all dimensions, including products, services, intermediaries, and investors. SET will spearhead the building of ecosystem conducive to the growth of SMEs and startups so that they will have an alternative funding source to leapfrog their business growth.
More manufacturers to relocate from China to Southeast Asia
JLL anticipates the trend to accelerate as the China-US tariff war are driving more companies in China to relocate their operations to other countries to avoid US tariffs and maintain their competitiveness.
Bangkok, 11 July 2019 – More manufacturers have relocated from China to Southeast Asia over the past few years largely because The Red Dragon’s labor costs have become less and less competitive. This trend has been reinforced by the China-US trade war that began in 2018.(more…)
SET up 6.8% at end of June, highest performer in Asia
The Set is up 10.6 per cent from the end of 2018 to 1,730.34 points and SCB Securities thinks the Thai stock market may now rise to 1,750 points.
High-speed rail project to link three airport to be signed next month
Contracts to link three airports and the Map Ta Phut industrial port development project expected to be signed between state firms and private concessionaires next month.
The Eastern Economic Corridor Policy Committee has acknowledged progress in the high-speed rail project to link three airports and the Map Ta Phut industrial port development project.
Contracts for both projects are expected to be signed between state firms and private concessionaires next month.
The Creators HQ to penetrate Rangsit area with premium high-rise condominium
The Creators HQ has invested as much as 1.5 billion baht to build a premium condominium under the “Common TU”...
Compliance education is coming to Singapore this July
It is vital for organizations across industries and around the world to adhere to local and international compliance regulations. This...
True Digital Park opens Work Space to ignite future Thai unicorns
Under the concept of ‘One Roof, All Possibilities’, True Digital Park is now ready to ignite startup unicorns and support...