FeTCO chief urges new government to develop capital market

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BANGKOK, June 3 – Federation of Thai Capital Market Organizations (FeTCO) Chairman Paiboon Nalinthrangkurn on Thursday called on the new government to develop the capital market with a three-pronged approach if it wanted the market to keep pace with international practices.

Speaking in a seminar on “Capital Market and Enhancement of Thailand’s Competitiveness … under Stewardship of a New Government,” he said the federation advised the post-election government take the following actions to develop the country’s capital market:

First, the government should forge ahead with privatisation of the Stock Exchange of Thailand (SET). Otherwise, the exchange would lag behind those of other countries.

Second, it should develop human resources to ensure they have skills in the capital market and investment worldwide more deeply and broadly.

Finally, it should build a brand for the Thai capital market in a similar manner to the Board of Investment (BoI) which has been recognised for its role in promoting investment overseas.

Mr Paiboon said the government must attempt to boost the capital market’s competitiveness if it wants the market to keep pace in the international arena in the next 10-15 years. (MCOT online news)