Bangkok--16 Feb--SET
All 76 provincial governors and over 200 executives from sectors under the Ministry of Interior participated in a seminar to find out how regional businesses based in their areas should use the capital market to raise funds. The program is co-hosted by The Stock Exchange of Thailand (SET) and the ministry.
The seminar’s topic is “The provincial governor…the main mechanism of the regional economy,” and H.E. Minister of Interior Chavarat Charnveerakul presided over the one-day program (February 13).
“The provincial governors’ responsibility is to nurture their communities’ businesses. Therefore, if they possess a good understanding about their local economies and the capital market, they will definitely be able to plan economic strategies for their provinces more effectively, increasing their communities’ financial strength and employment rate. These all are in line with the Ministry’s policy to support the well-being of the Thai people. This seminar is beneficial to the community economy and the country as a whole,” said Minister Chavarat.
“This collaboration between SET and the Ministry has linked the roles of the government and the economic sector. Every governor can apply the information gained from the seminar in supporting regional businesses, helping them benefit from the capital market. In addition, the government will, in turn, benefit from economic growth nationwide and an enlarged tax base,” revealed SET Chairman Pakorn Malakul Na Ayudhya.
“Of the 525 listed firms on SET and Market for Alternative Investment (mai), 77%, or 404 companies, are registered in Bangkok, while the balance of 23%, or 121 firms, are from the provinces. Based on the alliances that mai built with regional entrepreneurs, it appears that there are over 100 firms with the potential to list on mai,” disclosed SET President Patareeya Benjapolchai.
“Exchanging information through this seminar with the governors is a good chance for the government to support the Thai capital market to be a major mechanism for regional economic growth. This program will support the work between the public and private sectors in planning business strategy, which will benefit the labor force, particularly in the middle of the current crisis. When strong businesses enter the Exchange, it will help the market become more attractive and increase the number of interesting products on offer,” added Ms. Patareeya.
The seminar topics are “The provincial governor…the main mechanism of regional economy,” with H.E. Minister Chavarat as the keynote speaker; “Provincial governors and their role in supporting their community’s business growth,” by Ms. Patareeya and Mr. Vichet Tantivanich, Chief Marketing Officer, Issuer and Listing, SET.
For more information, please contact Public Relations Unit, the Corporate Communications Dept.:
Ladawan Kantawong Tel: 0-2229-2036 / Kanokwan Khemmalai Tel: 0-2229-2048 / Panitee Chatpolarak Tel: 0-2229-2792