Thaksin Outlines Steps to Revive Flagging Thai Stock Market
This article is for subscribers only.
Thaksin Shinawatra, the de facto chief of Thailand’s ruling party, called for tighter regulatory oversight, better corporate governance and tax incentives for long-term equity investors to revive confidence in the country’s flailing stock market.
The two-time former prime minister and father of incumbent leader Paetongtarn Shinawatra, Thaksin said the Securities and Exchange Commission and the Stock Exchange of Thailand should play a more proactive role in rebuilding confidence dented in recent years by a series of corporate scandals. He also said it was time for the bourse to review the high frequency trades that benefited none besides generating trading volume.