Make PattayaMail.com your Homepage | Bookmark              SERVING THE EASTERN SEABOARD OF THAILAND             Pattaya Blatt | Chiang Mai Mail | Pattaya Mail TV
 
Pattaya Mail Web
 
BUSINESS
 

Stock Exchange of Thailand announces its 2014 strategy

The Stock Exchange of Thailand (SET) has announced its 2014 strategy in pushing for sustainable growth within the next 3 years.
According to the SET, beginning next year it will focus on newly registered companies and quality investors in order to cope with the market’s volatility. Furthermore, it will bridge investment opportunities within the Greater Mekong Subregion (GMS) in order to stimulate growth within the region.
Stock Exchange of Thailand President Jarumporn Chotikasatien stated that 2014 would be a challenging year as there would be both internal and external uncertainties in the market place.
Jarumporn went on to say that efforts of hard work from 2013 have paid off, making Thailand one of the leading stock markets in the region; with higher average daily trading volume than in any other bourse in the ASEAN region.
The new ‘SET Connect’ trading platform will be ready in the middle of next year in order to further develop trading technologies and provide better convenience for investors by combining the futures exchange with the stock exchange into one platform. (NNT)


Special Report: Prolonged protests set to damage already fragile Thai economy

The People’s Democratic Reform Committee (PDRC)’s latest announcement of more protests in January has raised concerns that the prolonged protests will further hurt the country’s economy and hamper growth.
The Pheu Thai Party claimed that the anti-government rallies have so far caused more than 70 billion baht in economic damage to the country. The party warned that if the protests were prolonged, the country’s economy, particularly the tourism sector, would be severely affected and economic growth curtailed. International confidence in Thailand would also be extensively eroded if the general election failed to take place on February 2 as scheduled.
Foreign investors in the Thai stock market have reportedly sold off more than 200 billion baht worth of shares since the protests began.
Political protests were already having an impact on Thailand’s tourism industry, which accounts for around 7 percent of the gross domestic product. Meanwhile, a number of nations have issued travel advisories, warning their citizens against traveling to Bangkok, a key hub for the tourism industry. The tourism sector, which grew strongly in 2012 and 2013, will likely face a serious setback if the political protest is protracted.
Many international analysts have noted that recent negative investor sentiment towards Thailand cannot be fully blamed on the political tensions. Thailand suffered sharp capital outflows amid the tapering panic earlier this year, prompting investors to sell off around 28 percent of their holdings from late May to late August, while deteriorating economic fundamentals have also put investors off. To make matters worse, the Thai economy unexpectedly slipped into recession in the second quarter, contracting 0.3 percent on the previous quarter, as exports and domestic demand faltered. The country is also running a current account deficit, leaving it exposed to the long-awaited tapering of the Federal Reserve’s stimulus program.
The current turmoil also coincides with the rise of neighboring Myanmar and the Philippines, both of which are enjoying a period of political stability and quickening growth.
Moody’s Investors Service previously commented on the situation, saying that the protests will likely further undermine investor confidence. Prolonged or escalating protests will adversely affect foreign investment and tourism, and exacerbate delayed public infrastructure investment, which will weigh on Thailand’s future growth in 2014 and beyond.
With the country facing political deadlock, rebuilding foreign investors’ confidence will be one of the top priorities for the Board of Investment in its action plan next year. The Industrial Promotion Department has downplayed concerns about unrest, saying businesses have survived many crises in the past.
Despite previous reports indicating ongoing protests hampered business sentiment and damaged the country’s tourism, mall operators in Bangkok reported a rise in profit as demonstrators flocked to stores near rally sites. Central World, Paragon shopping complex as well as Terminal 21 have reaped benefits from the recent gathering of anti-government protesters given that rally sites are often situated near malls and department stores along Sukhumvit Road.
On December 22, a number of stages were set up across Bangkok in a bid to further pressure the current administration to resign. Skytrain operator Bangkok Metro Public Company Limited (BMCL) reported a massive rise in passenger numbers during rallies as members of the public opted to use public transport to avoid traffic congestion caused by protests. During the weekends, BMCL said the figure was close to 220,000 per day, also buoyed by year-end shopping sprees.
The MRT subway operator also reported a 60% rise in the number of commuters on December 22, recording over 300,000 trips on the day; 60% higher than the average 170,000 trips on weekends over the first 10 months of 2013.


HEADLINES [click on headline to view story]]

Stock Exchange of Thailand announces its 2014 strategy

Special Report: Prolonged protests set to damage already fragile Thai economy

Advertisementt

  Property for Rent
  Condos & Apartments
  Bungalows - Houses - Villas

  Property for Sele
  Condos & Apartments
  Bungalows - Houses - Villas
  Articles for Sale/Rent
  Boats
  Business Opportunities
  Computers & Communications
  Pets
  Services Provided
  Staff Wanted
  Vehicles for Sale / Rent: Trucks & Cars
 

 



News
 Local News
  Features
  Business
  Travel & Tourism
  Our Community
  Our Children
  Sports
Blogs
 Auto Mania
  Dining Out
  Book Review
  Daily Horoscope
Archives
PM Mike Franklin
Classic Charity Golf
Tournament
PM Peter Cummins
Classic International
Regetta
Information
Current Movies
in Pattaya's Cinemas

 Sophon TV-Guide
 Clubs in Pattaya
News Access
Subscribe to Newspaper
About Us
Shopping
Skal
Had Yao News
Partners
Pattaya Mail TV
 Pattaya Blatt
 Chiang Mail Mail