The Stock Exchange of Thailand (SET) joins forces with other capital market organizations in restoring 59 schools hit by the 2011 massive flood crisis through a project called “Restoring flooded schools, Building relationships with communities,” aiming to build sustainability to schools and communities.
Sompol Kiatphaibool, Chairman of SET and Thai Stock Market Flood Relief Fund, said, “This project is another significant collaboration between capital market organizations since we launched this Fund to assist victims hit by the floods last year. We are now helping rehabilitate public places and build sustainability to communities.”
The capital market organizations jointly managing the fund are Association of Capital Market Academy Alumni, Association of Investment Management Companies, Association of Securities Companies, Federation of Thai Capital Market Organizations, mai-listed Companies Association, Thai Listed Companies Association, The Thai Bond Market Association, and The Securities and Exchange Commission.
“After the fund helped relieve victims by providing essential goods for their immediate needs during the flood, the next phase is post-flood rehabilitation and building sustainability. In addition to people’s homes, police stations, and other public places, the fund viewed that many schools needed assistance. We received good cooperation with the Office of the Basic Education Commission to select flood-hit schools to help,” Sompol said.
The “Restoring flooded schools, Building relationships with communities” project focuses on aiding schools to make them into disaster shelters and community centers through providing both budget and guidance, encouraging them to rehabilitate for sustainable usage. Such restoration includes repairing school buildings, playgrounds, playing fields, libraries, canteens, multi-propose buildings, and providing computers and educational tools.
“Schools are greatly important in building quality in youth who will be the country’s foundation. To fortify the quality of Thai society, we need to help schools resume opening equipped with learning tools. This will also increase teachers’ morale and support them to raise the quality of teaching, eventually yielding good results for all youth,” he added. “The capital market’s collaboration should be a model of cooperation to make Thai society more livable and with mutual support in every sector.”
Under the “Restoring schools” project, the fund has supported the 59 schools with THB 90 million in aid. Another 16 schools supported by Association of Capital Market Academy Alumni have been given assistance worth THB 30 million.