Bangkok--May 4--SET
At the seminar “30 Years of Successes and the Challenges Ahead”, commemorating the 30th Anniversary of The Stock Exchange of Thailand (SET), executives from all SET affiliated units promised to actively help develop the Thai capital market.
One of the ways that the SET commemorated its 30th Anniversary was by holding a seminar entitled “30 Years of Successes and the Challenges Ahead”. The event took place at the Sangvian Indaravijaya Auditorium, the SET Building. Invited to the seminar were SET executives from all its affiliated units, including: Mr. Vichate Tantiwanich, President of the Market for Alternative Investment (mai); Dr. Santi Kiranand, Chief Executive Officer of the Bond Electronic Exchange (BEX); Mrs. Kesara Manchusree, Managing Director of the Thailand Futures Exchange Pcl. (TFEX) and Mrs. Chanisa Chutipat, Chief Executive Officer of SETTRADE.Com Co., Ltd. These top executives shared their personal points of view on the direction the SET is heading in.
Dr. Santi Kiranand, Chief Executive Officer of the BEX, said, “The structure of the capital market, at present, is in a state of evolution. These changes are not limited to the stock market but also covers all other financial markets as well, whether they be short-term debt instruments or derivatives. This has turned the SET into the body that is most responsible for the country’s financial markets”.
Mrs. Chanisa Chutipat, Chief Executive Officer of SETTRADE.Com Co., Ltd. Said, “During the past 30 years, there have been continuous attempts to lay a strong foundation by previous executives. The new-generation SET executives must now help push everybody concerned to move ahead towards the same goal. Before joining SETTRADE.Com, I played the role of a regulator. Since becoming part of this organization, I understand more about the SET’s primary roles, which are to consider the interests of all related parties while playing the parts of both a catalyst and a service provider”.
On the subject of the strategies aimed at the development of the Thai stock market, talked about by Deputy PM and Minister of Finance Dr. Somkid Jatusripitak in his speech today, Mrs. Chanisa stated, “in order for Thailand to become the regional investment hub, joint investments between Thai and foreign entities will be very important. Their registration in Thailand will also be important. The numbers of such investments are not as crucial as their quality, particularly in the automobile, energy and IT sectors”.
Further on this subject, Mr. Vichate Tantiwanich, President of mai, said, “Both the SET and mai have the responsibility to adequately reflect the overall picture of the Thailand’s economic conditions. They should identify businesses with high growth potential in strategic industries and list them at either market. A “Supply side” problem exists when large companies do not want to list themselves on the stock market, such as Shell. These large multinational companies see no point in listing on another exchange as they are not in need of new capital nor do they want to further share their ownership. This type of problem cannot be overcome in a few days but has to be continuously worked on over a period of decades.
Both Dr. Santi Kiranand and Mrs. Chanisa Chutipat agreed that the old directions and the old-fashioned schools of thought may not respond adequately to maximize business benefits. SETTRADE.Com has always been developing and currently offers technology that fits the present investment environment well, as high-technology has made the stock trading process more streamlined, efficient, cost-effective and easier to use. Ever since the introduction of SETTRADE.Com, investors can trade stocks directly. The SET is offering options to satisfy all different lifestyles. One initiative is to provide clients with timely information needed for their decision-making. With the available and changing technology, stockbrokers will need to adjust themselves and their procedures.
This includes everyone working in the securities business, as all are needed to help develop the market and improve Thailand’s overall economic picture. Whoever has the potential to move it forward, such as brokers who deal with the bond market, must design and prepare “models” that yield the greatest benefits.
Mr. Vichate commented that investors in the Thai market are not quite yet ready. The SET has to make everything come together. The idea of an “investment culture” must be put forth to investors, bringing investment ideas close to people, developing learning habits before evolving into a culture. Other things that reflect such beliefs include the introduction of the Maruey Knowledge and Resource Center, the SETTRADE.Com coffee shop and the larger number of crowds entering the SET building for various activities, such as the Thai Chess competition, the Thai Youth’s music competition and many more. All of these help make at least several groups of people feel like the SET is part of their lives, and that the SET is there to help them develop their information base and teach them how to better manage their money and invest in the stock market.
Ms. Kesara added that the SET has taken on the role as the model organization for the Corporate Social Responsibility (CSR) idea. Being there for society and expanding this idea out to its allies, both securities companies and listed companies, will always be what the SET strives to do.
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please contact the Corporate Communication Dept.:
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