Capital market taskforce unveils quick win reforms

Effort aims to restore investor confidence

- NUNTWUN POLKUAMDEE

The taskforce is a collaboration between government agencies and private sector organisations aimed at jointly driving concrete measures for developing the Thai capital market, promoting sustainable long-term competitiveness aligned with the changing economic conditions and global context, said Mrs Pornanong (second left). She is pictured alongside Mr Asadej (second right), Mr Warothai (left) and Mr Kobsak (right) as they jointly launched the Thai Capital Market Attractiveness Initiative yesterday.

A taskforce set up to enhance the attractiveness of the Thai capital market has launched a sweeping reform package, seeking to deliver quick results within the next four months while laying the foundations for long-term competitiveness.

The Taskforce for a Competitive and Attractive Market, which consists of representatives from the Ministry of Finance's Fiscal Policy Office (FPO), the Securities and Exchange Commission (SEC), the Stock Exchange of Thailand (SET) and the Federation of Thai Capital Market Organizations (Fetco) yesterday unveiled the Thai Capital Market Attractiveness Initiative.

The reforms are built around four pillars, comprising quality demand, attractive supply, trusted market and a supportive ecosystem. Together, they aim to restore investor confidence, expand fundraising opportunities and reposition Thailand as a regional fundraising hub.