BoT says financial market is key to economic growth

Published on January 18, 2013 by TFP   ·   No Comments

BANGKOK, 18 January 2013 – The Bank of Thailand (BoT) has stressed that the role which the financial market is playing is significant to the Thai economic and business growth in the future.




BoT Governor Mr. Prasarn Trairatvorakul said during a seminar on business development this week that the financial market plays a vital role in the economy. It consists of several key elements, such as financial resources and monetary policy, which build the economy as it is seen today. Financial institutions, he said, are one of the major supporters of overseas investments and are considered the catalyst between Thai and foreign investors.




To assist investors, the BoT has relaxed its policy to allow Thai investors to invest in foreign bonds, which, he said, is another option to raising funds to help them stay afloat in the current economic climate. Advice on risk management will also be offered by the financial institutions when needed.




With several emerging large scale infrastructure projects, there are many financial sources available, including the infrastructure fund which derives from the joint investment between the public and private sectors. Mr. Prasarn cited the importance of capital resources as a supporting factor in promoting and encouraging new investments so that Thailand could leap forward in the global economy.




In addition to his take on financial matters, the BoT Governor also highlighted the importance of being socially responsible. The elimination of financial disparity and the distribution of income should be promoted through every level of the Thai society while Thais need to be educated on how to maintain their financial health as well as their rights to banking and investment knowledge.

(NNT: Nuppol Suvansombut)

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Source: http://www.news.thethailandlinks.com/2013/01/20/bot-says-financial-market-is-key-to-economic-growth/