Private Sector To Brainstorm For Ways To Make Capital Market Recover

[george]

Private sector to brainstorm for ways to make capital market recover

BANGKOK: -- The Federation of Thai Capital Market Organisations plans to have the private sector brainstorm and offer its perspectives for ways to make the capital market recover from the bearishness and restore investor confidence.

The Stock Exchange of Thailand’s President Patareeya Benjapolchai revealed the federation would organise a seminar on “Perspective from Capital Market on Thai Economy” and a forum on “Thai Economy and Capital Market Prior to Election” on May 3.

The meetings are held with an aim to give participants a venue for discussion on ways to restore investor and entrepreneur confidence in the capital market.

The participants would be given an opportunity to offer measures to develop the capital market in the second half of this year so that it could help drive the country’s economy, she said.

In addition, there would be an exchange of views on the direction of the economy and the capital market, risk factors that need to be monitored, and timing for investment prior to the election.

In the past decade, private companies had mobilised funds worth 1.7 trillion baht through the stock market, she said, adding that more than 9 million people had invested directly and indirectly in the bourse.

So, SET is considered the large and important fund-raising source with the current market capitalisation of around 5 trillion baht.

The forum on “Thai Economy and Capital Market Prior to Election” will be participated by Kongkiati Opaswongkarn, president of the Federation of Thai Capital Market Organizations, Prasert Bunsumpun, president of PTT Plc, Supavut Saicheu, president of Phatra Securities Plc, and Visit Tantisunthorn, Secretary-General of the Government Pension Fund.

--TNA 2007-04-24

[LaoPo]

Private sector to brainstorm for ways to make capital market recover

BANGKOK: -- The Federation of Thai Capital Market Organisations plans to have the private sector brainstorm and offer its perspectives for ways to make the capital market recover from the bearishness and restore investor confidence.

The meetings are held with an aim to give participants a venue for discussion on ways to restore investor and entrepreneur confidence in the capital market.

The participants would be given an opportunity to offer measures to develop the capital market in the second half of this year so that it could help drive the country’s economy, she said.

--TNA 2007-04-24

Good idea, very good !

At least some people who are trying to listen to ideas and have sense.

First the Governments (present and previous) cut the doctors (read investors) with knifes and now the nurses have to try and cure the same doctors....(restore confidence).

LaoPo

[Phil Conners]

Maybe a democratically elected government would be a good start?

[lannarebirth]

Since only a handful of families own the majority of the shares traded on the SET, I imagine the "brainstorming" will come up with a way to make them even richer. Cut taxes, tax incentives, reduce the already negligible oversight, etc.. The world is awash in money and would only be too happy to throw a ton of it at Thailand if it were a more transparent and liquid market.

[Temporaneo]

BANGKOK: -- The Federation of Thai Capital Market Organisations plans to have the private sector brainstorm and offer its perspectives for ways to make the capital market recover from the bearishness and restore investor confidence

They could start by cutting off Tarisa's head, and continue flushing CNS down the toilet.

Unfortunately both things are beyond their power. I suggest them to start investing in tanks and private militia. Or meekly resign to forever misery like all other people in this country.

Edited April 25, 2007 by Temporaneo

[Jai Dee]

Private sector believes Thai economy will recover soon

The private sector believes the Bank of Thailand's announcement of reduced economic growth in the nation will not affect investment.

The Chairman of the Federation of Thai Industries, Mr. Santi Wirasakdanon (สันติ วิลาสศักดานนท์), revealed that a recent announcement by the Bank of Thailand, indicating that Thailand's economic growth rate has decreased from expected values of 4-5 percent to 3.8-4.8 percent, would not affect investors' confidence. Mr. Santi observed that Thailand's actual growth rate remains similar to estimated growth rates of 4-4.5 percent.

The Chairman of the Federation of Thai Industries said that investors' confidence was a vital force in the nation's economic growth, and urged the government to maintain this factor at all cost. Mr. Santi voiced his belief that the Thai economy would return to normal in the third quarter due to expedited spending by the public sector, interest rate reductions, and stabilizing global oil markets.

Source: Thai National News Bureau Public Relations Department - 25 April 2007

[Bizz]

Who invests in the Set.

[Mid]

stabilizing global oil markets

who writes this stuff ?????

[No beleeeeve!]

I don't invest in Thai stocks and won't as it stands now. I have no confidence in their transparency. Funny, I do invest in China and Vietnam among other countries. Another way to get in on the growth in Asia is to invest in multinationals based in the West who do business in the East. There are just so many better options in Asia than to roll the dice with the SET.

[steveromagnino]

Maybe a democratically elected government would be a good start?

Yeah. Singapore has done shockingly with their non democractically elected government.

[thedude]

Maybe a democratically elected government would be a good start?

Yeah. Singapore has done shockingly with their non democractically elected government.

singapore's government IS democratically elected steve. the government adheres strictly to the democratic process, even though they actively limit political opposition by legal threats and creating high barriers to entry. hmm...sort of reminds me of the TRT.

the frustrating thing is that they do produce such high economic gains that they mute all those who cry for more civil liberties. more people will vote for pay rises and job security than for abstract political freedoms, at the end of the day, it puts food on the table, its this grim reality that makes the ruling party win every time. if it weren't for the hi-so intervention, i suspect thailand was due for a similar fate.