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Thailand: Authorities plan to put nation on investment map

 |  January 8, 2014

The Securities and Exchange Commission of Thailand is set to implement a plan to place Thailand on the competitive investment map this year as regulators ready to allow foreign firms to be listed on the Thai equity market – the first time it will be allowed in three decades.

By allowing foreign companies to be listed through IPOs, reports say the efforts will look to boost competition in the nation’s capital market. The SEC told reporters that, especially in rural areas, significant barriers to market entry exist, as well as a lack of financial services and products choices for consumers.

The guidelines for foreign IPOs will hold international standard, say reports. Thailand is looking to encourage competitiveness and raise capital before the Asean Economic Community.

Full Content: Nation Multimedia

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