Investment
The Nation October 2, 2012 3:22 pm
The roadshow entitled "Thailand: Positioning for Growth and Stability" took place on Sept 27, attended by over 60 fund managers. According to the information on the Thai government?s website, representing Thailand were chiefs of the National Economic and Social Development Board, Fiscal Policy Office, Public Debt Management Office, Federation of Capital Markets Association, Association of Securities Companies and Association of Investment Management Companies.
In her opening speech, Yingluck assured the investors of continued growth and stability in the economic stability, underpineed by political stability and strong economic fundamentals - sufficient reserves for short-term debt, low public debt to GDP and appropriate inflation. She noted that the stock market in the past few years has been riding on the strengths.
Despite the recent spikes in the Thai stock market, Paiboon Nalinthrangkurn, chairman of the Federation of Capital Markets Association, believed that the market could rise further, given the price-earning ratio of 12-13 times against 13-14 times of regional peers.
Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong added that the government?s Bt2.27 trillion investment in infrastructure projects would also help reduce the country?s logistics cost and enhance Thailand?s linkage with the region.
To Areepong Bhoocha-oom, permanent secretary for finance, Thailand?s economy is much stronger than in 1997, with the balanced depth of equity/bond markets and bank financing. Meanwhile, on the fiscal front, the public debt is maintained at a low level of gross domestic product (GDP) while the ministry is aiming to achieve a budget balance within the next 4-5 years.
Chakkrit Parapuntakul, director general of the Public Debt Management Office, noted that the Thai bond market has shown improvement in terms of depth, thanks to the introduction of new series like the inflation-linked bonds and electronic retail bonds. Boosting the liquidity the government?s attempt to extend the benchmark bonds to 50 years.
Thailand has been attracting steady inflows in recent years. Foreigners held $13.8 billion, or 14.4 per cent of the outstanding total, in local government bonds as of end-August, compared with $1.6 billion in January 2009.
Latest stories in this category
Source: http://www.nationmultimedia.com/business/Yingluck-leads-Thailands-roadshow-in-New-York-30191529.html
david blaine derek jeter gotye divine mercy cabin in the woods the legend of korra three stooges
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.