BANGKOK, June 25 (TNA) – Finance Minister Korn Chatikavanij on Wednesday pledged to forge ahead with the planned restructuring of Thailand’s capital market.
Speaking of an approach to restructuring the Stock Exchange of Thailand (SET), he said the Committee on Capital Market Development would meet soon to consider advantages and disadvantages of restructuring.
In the past, all parties concerned affirmed the restructuring would have more advantages than disadvantages.
Mr. Korn reiterated that the move would not lead to a transfer of the market monopoly from the state to the private sector as with the privatisation of state enterprises because it could not benefit consumers.
He expected the committee would be able to complete some points of the restructuring within the next 1-2 months.
Mr. Korn said the capital market needed restructuring because the government wanted to provide the capital source at lowest costs for entrepreneurs at all levels.
“Depending on banks as the capital source put entrepreneurs at a disadvantage. Should they have alternative capital sources in the capital market, it would help reduce their burdens,” he said. (TNA)
Business News : Last Update : 09:09:39 25 June 2009 (GMT+7:00)
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