More than 80 institutional investors will today attend Thailand's London roadshow, designed to woo investment to the stock market and to government-sponsored infrastructure projects.
In the Stock Exchange of Thailand, investment from the United Kingdom has been the highest by far, hitting Bt1.32 trillion as of September. Total foreign holdings were Bt3.6 trillion, or 36.76 per cent of the Thai market.
Hosted by the Finance Ministry and the Federation of Thai Capital Market Organisations (FeTCO), the roadshow is designed to present Thailand's economic outlook from both public and private viewpoints as well as to answer all questions on investment opportunities.
"Both the public and private sectors are very ready to conduct the presentation and answer questions," FeTCO chairman Paiboon Nalinthrangkurn said yesterday. "We're supremely confident that this cooperation will succeed in drawing more investment into the capital market and infrastructure projects."
At the roadshow, Finance Minister Kittiratt Na-Ranong and Transport Minister Chatchart Sithipan will jointly present Thailand's planned infrastructure projects worth Bt2.27 trillion as well as the water-management project worth Bt350 billion. Questions from the floor will be welcomed.
Arkom Termpitayapaisit, secretary-general of the National Economic and Social Development Board, will give an overview on Thailand's economic outlook, in light of regional integration, as well as on the policy to strengthen domestic consumption, which will sustain economic growth amid global uncertainties.
Finance permanent secretary Areepong Bhoocha-oom will brief the investors on fiscal and monetary stability. The Public Debt Management Office will offer insights into the Thai bond market.
Representing the private sector, Paiboon will share with the investors the growth story of the Thai capital market.
The SET has outperformed global bourses, thanks to continued earnings growth. With chiefs of the Association of Securities Companies, Association of Thai Listed Companies and Association of Investment Management Companies, he will answer questions from the investors.
The roadshow coincides with the official visit of Prime Minister Yingluck Shinawatra to Britain today and tomorrow.
Yingluck will have an audience with Queen Elizabeth, during which she will convey, on behalf of the Thai government and the Thai people, their best wishes on the occasion of the 60th anniversary of the British monarch's accession to the throne.
Yingluck will also meet with British Prime Minister David Cameron to exchange views on enhancing tourism, trade and investment as well as developing a strategic partnership. The two prime ministers will announce the establishment of a "strategic dialogue" as a high-level, bilateral, consultative forum to monitor as well as set future direction for the conduct of bilateral cooperation in all areas.
Yingluck will also deliver a keynote speech at a business lunch under the theme "Thailand: Unparalleled Opportunities", where leading British chief executives and accompanying members of the Thai private sector will attend.
Yingluck will also meet with local Thai business communities and government-sponsored Thai students in the UK.
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Article source: http://www.thethailandlinks.com/2012/11/13/kingdom-holds-investment-roadshow-today-in-london/
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