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Thai SMEs and startup companies to raise funds via capital markets

BANGKOK (NNT) – The Stock Exchange of Thailand (SET) is pursuing its initiative to encourage SMEs and startup businesses to raise funds via the capital market, expecting general investment this year to be challenged by external factors, urging investors to properly manage the risks.

SET President Pakorn Peetathawatchai said the SET aims to promote balanced growth due to technological changes in the capital market this year, by streamlining its services at One-Stop Service points for registered companies, as well as providing opportunities in Thailand and abroad through capital market connections with Cambodia, Laos, Myanmar, and Vietnam.

The SET will be urging SMEs and startup companies to raise funds via capital markets, and improve regulations to provide better ease of doing businesses.

He said the overall investment scene in Thailand’s stock exchanges and capital markets will be subject to external challenges and fluctuation…

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Investment promotion requests exceeded 750bn baht in 2019

BANGKOK (NNT) – Thailand remained an investment destination for international investors last year, as reflected in the overall value of investment promotion requests in 2019, released by the Board of Investment (BOI) today, which exceed a 750 billion baht goal.

An impressive 59% was in the Eastern Economic Corridor, with China outreaching Japan to become the biggest international investor in Thailand.

Deputy Prime Minister Somkid Jatusripitak, today assigned the Board of Investment of Thailand (BOI) to introduce measures to oversee companies receiving investment promotion packages last year to proceed with their investment plans.

1,624 projects worth 756.1 billion baht

The BOI last year received investment promotion requests for 1,624 projects worth 756.1 billion baht, of which 506 projects worth 444.88 billion baht are located in the Eastern Economic Corridor (EEC), accounting for 59 percent of total investment promotion r…

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Thailand ready to evacuate Iran

The Prime Minister has given authority to the Thai embassy in Iran to evacuate Thai citizens in the country if it is considered necessary, as the tension in the Middl East rises following the US airstrike that killed a revered military commander Qassem Soleimani.

Prime Minister and Defense Minister General Prayut Chan-o-cha, announced today that the Ministry of Foreign Affairs also has a related protocol in place to deal with similar situations, but urged officials and Thai laborers to be prepared for an evacuation at a minute’s notice.

He authorized the embassy to arrange a chartered flight or to use one of Thailand’s military aircraft in the event of an emergency.

General Prayut also ordered concerned officers to closely follow the latest developments in the situation, citing possible ripple effects such as a surge in fuel or power costs.

Similarly, Labor Minister Momratchawong Chatumongol Sonakul, today instructed the la…

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