The President of the SET, Mr. Kittiratt Na-Ranong, at the signing ceremony today (28 February 2002) for a Memorandum of Cooperation between the SET, the MAI, and the IFCT aimed to support and develop Thai businesses, said this ceremony was once again an example of cooperation among related organizations supporting the fundraising activities of business. This follows the SET collaboration with the Small Industry Finance Corporation (SIFC), the Export-Import Bank of Thailand (EXIM Bank), the Federation of Thai Industries (FTI), the Thai Chamber of Commerce (TCC), and the Thai Bankers' Association (TBA), to help support those Thai businesses with potential for growth to access a complete range of source of funds, both in the monetary and capital markets.
"The SET's aim, in cooperation with these various organizations, is to build a network of organizations involved in supporting the fund-raising activities of businesses, so as to facilitate members of the network in receiving convenient, fast, all-in-one services in raising funds and to gain useful knowledge for developing their businesses through various activities and information disseminated to them," Mr. Kittiratt said. "When these businesses reach the level where they are ready for listing, the SET and the MAI will be ready to facilitate their listing and offer them the best service. Therefore cooperation with the IFCT at this time is regarded as strengthening Thai businesses, and providing an opportunity for the SET and the MAI to expand the number of products in the market as well."
Mr. Anothai Techamontrikul, President of the IFCT, said in regard to this cooperation that, "IFCT will consider relaxing interest rates, fees and loans conditions for listed companies. This is in accordance with the role and mission of the IFCT, as it is the IFCT's policy to give financial support to those industries with good systems of corporate governance that have already undergone the debt restructuring process. We will also endeavor to identify customers with good business potential and who need to raise funds, in order to encourage them to list on the Exchange. The IFCT is ready therefore to be one of the organizations that cooperates with and supports the operations of the SET and the MAI, as well as being one that supports and strengthens companies going on to list on either of the Exchanges."
The Managing Director of the Capital Market Opportunity Center (CMOC) and the MAI, Ms. Sopawadee Lertmanaschai, commenting on this cooperation between the SET, the MAI and the IFCT stated that, "The SET and the MAI will recommend customers in need of the loans, loan services or other services to the IFCT. We'll also help raise business standards for IFCT customers by providing opportunities to participate in activities held by either the SET or the MAI, such as seminars held to promote greater understanding of modern business management. This cooperation will thus simultaneously benefit the customers of the IFCT, SET, and MAI."
