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Thai Stock Market Flood Relief Fund, led by The Stock Exchange of Thailand (SET), donates 6,000 survival bags and other aids for flood victims, including 100 boats and 16 floating toilets, worth a combined THB 6 million to The Thai Red Cross Society to help victims for their immediate sustenance needs.
The fund, a cooperation of Thai Capital Market’s organizations, aims to help meet the victims’ immediate needs and support rehabilitation in the medium and long terms. Initially, the fund focuses on short-term needs, especially in flooded areas which are difficult to access, said SET Chairman Sompol Kiatphaibool.
“There still are many suffering areas that are hard to approach and many flood victims waiting for help. The coordination with the Thai Red Cross will help relieve the suffering more quickly. We greatly appreciate the help of the Red Cross, which will be an intermediary to help distribute the assistance to people stranded in flooded areas,” Sompol said.
Since the fund was established, it has helped meet people’s immediate needs by coordinating with organizations to hold many activities, such as offering funds to His Majesty King Bhumibol Adulyadej for flood-related activities, sponsoring food and goods to flood victims in many provinces, and providing mobile clinics for victims. It also contributed funds for the military and police officers due to their selfless and dedicated help to flood victims.
The Thai Stock Market Flood Relief Fund was formed 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.
