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Thai Stock Market Flood Relief Fund committee, led by The Stock Exchange of Thailand (SET), has updated Prime Minister Yingluck Shinawatra on its progress to show the coordination of capital market organizations and report on fund usage in order to convey the capital market’s compassion for flood victims and to show its readiness to further cooperate with the public and private sectors on flood relief.
Thai Stock Market Flood Relief Fund has been set up to aid Thais suffering from the floods. There are two phases of helping: the first focusing on immediate survivals needs for whose who stranded in flooded areas, and the second to support rehabilitation in the medium and long terms. These steps help complement the government efforts to help businesses and the public, said SET Chairman Sompol Kiatphaibool.
The current urgent task of the fund is to produce at least 30,000 relief bags, each consisting of food, essential goods and appliances, especially for those living in hard-to-access areas and awaiting flood relief.
The fund recently also supported the task forces of three military units and the national police engaged in flood relief by contributing a total of THB 20 million, or THB 5 million per unit, to boost the morale of the soldiers and policemen and express the capital market’s gratitude for their untiring efforts.
In addition, the fund will contribute food for migrants for one month for The Chaipattana Foundation flood relief project in Lopburi under with the royal patronage of Her Royal Highness Princess Maha Chakri Sirindhorn. The fund will also give food for one month to a flood relief camp in Samut Prakan and will distribute further aid to other camps afterwards.
Thai Stock Market Flood Relief Fund was established by the SET together with other capital market organizations. The fund is managed by a committee which includes representatives from the Association of Investment Management Companies, Association of Securities Companies, Capital Market Academy, Federation of Thai Capital Market Organizations, mai-listed Companies Association, Thai Listed Companies Association, The Thai Bond Market Association, The Securities and Exchange Commission and the SET. The fund aims to help the victims both for their immediate survival needs and to support rehabilitation in the medium and long terms.
