SET told to step up its role to help in national development

[Jonathan Fairfield]

SET told to step up its role to help in national development

BANGKOK:-- The board of the Stock Exchange of Thailand was told today by Deputy Prime Minister Somkid Jatusripitak to strive to project itself as a key instrument to encourage the private sector to help in the development of the country.

Accompanied by Finance Minister Apisak Tantiworawong, Dr Somkid visited the SET for a meeting with the board during which he briefed the board of the government’s policy and its expectation from the SET.

The deputy prime minister said the SET should help the government in mobilizing capital from the private sector to fund new industries which include digital industry, high-tech food, petro chemical and medicines.

SET, said Mr Somkid, should act as a go-between to push for venture capital by persuading companies in the SET 100 to co-invest in start-up industries and to mobilize fund in the stock market.

The deputy prime minister also told SET to expand its activities by connecting with the stock exchange of Singapore.

Source: http://englishnews.thaipbs.or.th/set-told-to-step-up-its-role-to-help-in-national-development

-- Thai PBS 2015-11-21

[waldroj]

How to make a small fortune on the Stock Exchange of Thailand? Start by investing a large fortune, then have the junta come in and interfere with the SET.

Thailand’s best buddy tried to control their stock market recently (and failed), so not only are the junta cronies hopeless in government, but they also seem equally inept at learning from other’s experience!