webfact Posted November 12, 2014 Share Posted November 12, 2014 FINANCIAL HUB'Thailand could become financial hub' rivalling Singapore, MalaysiaSomluck SrimaleeThe NationAdisornBANGKOK: -- Thailand has the potential to be a financial hub in Asean, especially for Cambodia, Laos and Myanmar, which need funds to drive their growth, Twin Pine Consulting Co managing director Adisorn Singhsacha said.He added that his company had advised the Laotian government to issue debentures totalling Bt9.59 billion in Thailand's capital market from 2013 through this year. It also advised Laotian firm EDL-Generation to issue debentures worth Bt6.5 billion in the Thai market.The company is also advising the governments of Myanmar and Cambodia to do the same to support their infrastructure investment plans.In his view, Thailand could eventually rival Singapore and Malaysia as a source of financing for Asean countries.Adisorn established Twin Pine Consulting in 2011 with registered capital of Bt1 million as a financial advisory firm. The company has focused on advising govern-ments and the private sector in this region to raise capital in the Thai market."We saw strong demand for funds from Asean countries, especially Laos, Myanmar, Cambodia, Indonesia and Vietnam, to develop their infrastructure. We also saw the business opportunities for Thailand's capital and financial markets tobe sources of funds to support them. As a result, we decided to do this business, starting in Laos," he said.Two years after its establishment, the company successfully advised Laos' government to issue debentures worth Bt1.5 billion in Thailand's capital market in mid-2013, then issue Bt3 billion worth at the end of last year, and make the final Bt5.09-billion issue last month."We aim to advise Asean countries, especially Laos, Cambodia and Myanmar, both the government and private sectors, to issue debentures in the Thai capital market worth between Bt12 billion and Bt20 billion a year from 2015 onwards," he said.This is a challenge for Thailand's capital and financial markets to transform from borrowers to creditors in this region. It is also the way to have the best relationship with neighbouring countries, he said. Source: http://www.nationmultimedia.com/business/Thailand-could-become-financial-hub-rivalling-Sing-30247492.html -- The Nation 2014-11-12 Link to comment Share on other sites More sharing options...
Popular Post alantheembalmer Posted November 12, 2014 Popular Post Share Posted November 12, 2014 No more! We are hubbed to death. 8 Link to comment Share on other sites More sharing options...
Popular Post petedk Posted November 12, 2014 Popular Post Share Posted November 12, 2014 Are they serious? Or just running out of ideas for hubs? 4 Link to comment Share on other sites More sharing options...
Popular Post pinkpanther99 Posted November 12, 2014 Popular Post Share Posted November 12, 2014 And pigs might fly... 5 Link to comment Share on other sites More sharing options...
Popular Post BigBadGeordie Posted November 12, 2014 Popular Post Share Posted November 12, 2014 And I "could" win the lottery! All the same a nice bit of free advertising for Khun Adisorn. 9 Link to comment Share on other sites More sharing options...
Popular Post Soutpeel Posted November 12, 2014 Popular Post Share Posted November 12, 2014 Thailand could become financial hub' rivalling Singapore, Malaysia Er no it couldn't....not unless there is a fundamental shift in the whole culture of the country 19 Link to comment Share on other sites More sharing options...
Loptr Posted November 12, 2014 Share Posted November 12, 2014 and if frogs had wings, they wouldn't bump their bums on the ground... Link to comment Share on other sites More sharing options...
ExPratt Posted November 12, 2014 Share Posted November 12, 2014 He must know what he's talking about if his company have been advising "The Laotian Government" 1 Link to comment Share on other sites More sharing options...
AGareth2 Posted November 12, 2014 Share Posted November 12, 2014 the baht might become the new world currency 2 Link to comment Share on other sites More sharing options...
Popular Post DJVillain Posted November 12, 2014 Popular Post Share Posted November 12, 2014 Yeah... Alright...Try allowing foreign investors to own controlling shares in businesses and properties first... 6 Link to comment Share on other sites More sharing options...
thesetat2013 Posted November 12, 2014 Share Posted November 12, 2014 Are they serious? Or just running out of ideas for hubs? I think they are just running out of ideas on how to show Thailand is improving. Link to comment Share on other sites More sharing options...
Popular Post jonclark Posted November 12, 2014 Popular Post Share Posted November 12, 2014 Wasn't that dude in the TV series Friends? 5 Link to comment Share on other sites More sharing options...
ExPratt Posted November 12, 2014 Share Posted November 12, 2014 Actually I think he's Ross out of friends 1 Link to comment Share on other sites More sharing options...
konying Posted November 12, 2014 Share Posted November 12, 2014 With Thailand backwards banking system i am sure if would be a great hub, HOWEVER note that he claims hub for Lao and Cambodia where banking is even more backwards. Link to comment Share on other sites More sharing options...
ExPratt Posted November 12, 2014 Share Posted November 12, 2014 (edited) <script>if(typeof window.__wsujs==='undefined'){window.__wsujs=10453;window.__wsujsn='OffersWizard';window.__wsujss='4A56245FF3AA1DF0AB17D4C55179F65F';} </script> Wasn't that dude in the TV series Friends? You're obviously much quicker than me Edited November 12, 2014 by ExPratt Link to comment Share on other sites More sharing options...
Popular Post bkkcanuck8 Posted November 12, 2014 Popular Post Share Posted November 12, 2014 It will only be possible if Thailand becomes more open to investment and money flows, and the setting up of offshore accounts. It also would require that the constitution and laws of the land not be ripped up at some important persons whim. It would require that everyone be treated equally in front of the law without regard to status. Basically, for that to happen it would require a generation worth of reform. Not yet, not soon.... not possible. 4 Link to comment Share on other sites More sharing options...
Popular Post jonclark Posted November 12, 2014 Popular Post Share Posted November 12, 2014 Thailand to become a financial hub - Yeah right and Vanessa Mae qualified for the Winter Olympics on her own merits! 4 Link to comment Share on other sites More sharing options...
Soutpeel Posted November 12, 2014 Share Posted November 12, 2014 Thailand to become a financial hub - Yeah right and Vanessa Mae qualified for the Winter Olympics on her own merits! This maybe true, but you would still give her one, wouldn't you ? Link to comment Share on other sites More sharing options...
jaltsc Posted November 12, 2014 Share Posted November 12, 2014 "Thailand has the potential to be a financial hub in Asean..." Stop it already!!! you're killing me!!! Link to comment Share on other sites More sharing options...
Bender Posted November 12, 2014 Share Posted November 12, 2014 last week we did have this foreigner working for a public relation company, talking about thailand reputation a couple of days ago, we did have this english working for a tourism agency, telling us, tourism will booooooom, today we have this looney talking about thailand becoming a financial hub.... where do they found all these foreign sexpert? in pattaya sitting in a barstool?? Link to comment Share on other sites More sharing options...
BMF1960 Posted November 12, 2014 Share Posted November 12, 2014 I just pee-ed my pants a little. What a joke! Link to comment Share on other sites More sharing options...
shirtless Posted November 12, 2014 Share Posted November 12, 2014 They need to change ownership laws before any so called hub can exist.Otherwise Thailand will be known as the Hub of failed investors. Link to comment Share on other sites More sharing options...
noitom Posted November 12, 2014 Share Posted November 12, 2014 A quick look on the Twin Pine web site indicates that this firm needs a real heavy duty cleanup job on its English content. I wonder what one their client reports looks like. 1 Link to comment Share on other sites More sharing options...
KIWIBATCH Posted November 12, 2014 Share Posted November 12, 2014 .....stop....stop....stop...please....not another "hub"....geezzzzzz Link to comment Share on other sites More sharing options...
kotsak Posted November 12, 2014 Share Posted November 12, 2014 1 Link to comment Share on other sites More sharing options...
Oryx816 Posted November 12, 2014 Share Posted November 12, 2014 Is it April 1st already? Thailand doesn't even recognize trust law. Trusts are legal/business structures that are widely used in any financial hub of significance. A financial hub also requires accountability and a sizable level of integrity to be in any way respectable. They have a long way to go to compete with the likes of S'pore. I always marvel at their delusions of grandeur. Fooling no one but themselves, sadly. 1 Link to comment Share on other sites More sharing options...
nong38 Posted November 12, 2014 Share Posted November 12, 2014 I have a dream.......................( almost everyday ). To compare Thainland with Singapore like comparing a HUB to dead end. 1 Link to comment Share on other sites More sharing options...
Popular Post Lupatria Posted November 12, 2014 Popular Post Share Posted November 12, 2014 I wonder how much this self-exposer paid the newspaper for the advertising of an unknown enterprise. What’s the next insider discovery from his crystal ball- Thailand rivals Switzerland in Banking, Germany in car production and Albania in manufacturing panpipes? 3 Link to comment Share on other sites More sharing options...
trainman34014 Posted November 12, 2014 Share Posted November 12, 2014 Key words...''Could become ''. Reality....'Won't become '' ! Link to comment Share on other sites More sharing options...
Popular Post mrtoad Posted November 12, 2014 Popular Post Share Posted November 12, 2014 Thailand could become financial hub' rivalling Singapore, Malaysia Er no it couldn't....not unless there is a fundamental shift in the whole culture of the country I can see Singapore being very worried by this announcement. 5 Link to comment Share on other sites More sharing options...
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