Stock Exchange of Thailand works to restore investors’ confidence

Bangkok (VNA) - The Stock Exchange of Thailand (SET) has announced a strategy to restore investors’ confidence in the country’s stock market with a focus on boosting credibility, increasing market capability and promoting sustainability.

The English-language daily online newspaper The Nation reported that the announcement was made during the annual event “Thailand Focus 2024: Adapting to a Changing World” held in Bangkok on on August 28, which saw the participation of executives from more than 100 leading companies and 178 institutional investors.

Speaking at the forum titled “Revitalising Capital Markets: Boosting Efficiency and Restoring Confidence”, SET chairman Kitipong Urapeepatanapong said the Thai capital market has repeatedly proved its capability and flexibility to survive crises, including global financial problems, political instability and the COVID-19 pandemic.

He expressed confidence that the Thai stock market will keep improving in the next 2-3 years and attract more investors thanks to fewer domestic uncertainties.

Moving forward, SET would focus on a three-point strategy, including boosting credibility and investors’ confidence through cooperation and information sharing with related agencies to ensure efficient regulations of the stock markets as well as increasing the capability of the Thai capital market to further attract both domestic and foreign investors. It will also promote sustainable practices among listed companies through the provision of Thai ESG funds, which offer tax benefits for companies demonstrating a high level of environmental, social, and governance efforts.

Through this strategy, SET intends to increase the number of listed companies that report their greenhouse gas emissions, which currently stands at 445 or 50% of all the listed companies. A 6.1% reduction in greenhouse gas emissions has so far been reported./.

VNA