The Stock Exchange of Thailand (SET) signed a memorandum of understanding (MOU) with The Federation of Thai Industries (FTI) to strengthen capabilities of Thai companies and prepare them to list on SET and Market for Alternative Investment (mai), and in turn boosting business opportunities via the capital market for the upcoming ASEAN Economic Community (AEC).
SET President Kesara Manchusree said that SET has just signed the MOU with FTI to promote Thai companies’ competitive capabilities, getting them ready to list on SET and mai. This would enable Thai entrepreneurs to expand business opportunities and utilize the Thai capital market as one of the fundraising sources to enhance competitiveness in ASEAN.
“SET has been a key source of funds for the small and medium-sized enterprises, as well as family business in Bangkok and other provinces nationwide. Since 2003, Thai companies have raised around THB 600 billion through initial public offerings. To cope with the demand, SET has modified listing requirements to facilitate companies in various approaches in order to expand business opportunities and enhancing competitive advantages of Thai companies. This cooperation aims to provide knowledge for FTI members through seminars, featuring prominent guest speakers and successful entrepreneurs to share business success stories,“ Kesara added.
FTI Chairman Supant Mongkolsuthree said, “We are delighted to establish cooperation with The Stock Exchange of Thailand. FTI is committed to strengthening competitiveness of Thai companies and promoting Thailand as the industry hub of ASEAN. Although Thailand has competitive capabilities in many aspects, a number of Thai entrepreneurs still need to be stepped up for stronger and more sustainable growth. FTI is willing to support our over 8,000 members covering 42 industry groups participated in the project, as well as 74 provincial chapters of FTI nationwide.”
Seminar and activities will start from the beginning of 2015 onwards.