“Thai Forum”, held by The Stock Exchange of Thailand (SET), Bank of America Merrill Lynch, and Phatra Securities pcl, has drawn great attention from global institutional investors in New York, United States after key government executives, including Finance Minister Sommai Phasee, provided a clear direction on Thailand’s economy and its promising outlook.
SET President Kesara Manchusree said the roadshow successfully attracted foreign funds with a combined value of over USD 4.5 trillion under asset management investing in equities worldwide. This roadshow was also a good opportunity for the new finance minister to meet directly with foreign funds by giving a keynote speech on “Economic Policy Agenda of the New Government of Thailand” presenting economic stimulus measure, improving competitiveness strategy, and administering the country with transparency and good governance.
“Most investors focused on how the government manages the mass infrastructure projects and continuity of the government’s policy. It was significant that the finance minister has pledged to manage process restructure and law reform with efficiency, enabling the administration to operate the policy continuously for the country’s long-term benefits,” Kesara added.
During the roadshow, the Bank of Thailand Governor Prasarn Trairatvorakul stated the commitment to keep maintaining economic stability while preparing measures to create a favorable financial environment for investment, as well as enhancing financial sector to be ready for new business opportunities. The governor also expressed an anticipation of Thailand’s economy to grow 4.8 percent in 2015. Moreover, a member of state-armed enterprise policy and supervisory committee Veerathai Santiprabhob also provided an insightful information on conducting state-owned enterprises reform with effectiveness, enabling the enterprises to become key mechanism to drive the country’s economy.
In addition to this roadshow, SET will organize another roadshow in the United States on October 27-30 by cooperating with KT Zmico Co., Ltd and Auerbach Grayson and Company LLC with representatives from the Ministry of Finance and leading top management of Thai firms to meet with U.S. funds.