Minister nudges SET to restore public trust

Goal is sustainable development

- NUNTAWUN POLKUAMDEE

The Finance Ministry has tasked the Stock Exchange of Thailand (SET) with restoring investor confidence and outlined four mandates to drive sustainable development of the country's capital market.

The SET’s mandate is to restore public trust and confidence in the Thai capital market and ensure its long-term sustainable growth, said Finance Minister Pichai Chunhavajira.

“Today the SET celebrates 50 years of operation, but we must also look ahead to the centennial. By then, I hope to see a market that has fully rebuilt public trust and investor confidence,” he said.

Among the four responsibilities for the bourse is enabling Thai businesses to access efficient and affordable funding through capital markets.

The second task is to accelerate product development and innovation in the capital market that addresses fast-changing investor needs.

Third, the SET’s internal systems must be upgraded to ensure inclusive, seamless market participation for all stakeholders.

Finally, the exchange needs to work closely with the Securities and Exchange Commission (SEC) to review and streamline regulations to ensure a fair and transparent market for both institutional and retail investors.

Mr Pichai said these priorities are essential not only for investor protection, but also for “empowering the public to become active participants in wealth creation”.