Sign up | Log in



Home  >>   Daily News  >>   Thailand News  >>   Capital  >>   Thailand exchange has backup plan
NEWS UPDATES Asean Affairs     27 October  2011

Thailand exchange has backup plan

The Stock Exchange of Thailand (SET) will move to a fallback operations centre in Pattaya if the floods close its headquarters on Ratchadapisek road in Bangkok, SET president Charamporn Jotikasthira said on Thursday.

The SET’s operation centre will be set up in the beach resort city if staff could not get to work at the Bangkok headquarters because of the floods.
At the moment, about 10 percent of the staff were not able to come to work, said Mr. Charamporn.

“We were concerned that if the floods continue longer than two weeks the difficulty of getting to work will worsen,” he said.

The  SET’s contact centre will be relocated to an office near the Centara Grand Hotel if the headquarters is flooded.

Mr. Charamporn said he had talks with brokers yesterday and was confirmed that they had also prepared fallback operating centres for the worst case scenario.

“There is no problem in sending buy and sell orders by brokers at this time, b ut if one third of the brokers cannot send their orders to the SET, the selling and buying system will be temporary closed,” he said.

The president said the SET must continue operating because it is crucial to maintain foreign investors' confidence in the Thai capital market.

He admitted that the daily trading value of the SET had plunged by about 30 percent to 20 billion baht on average, from 30 billion baht, as a result of the widespread flooding.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    27  October  2011 Subsribe Now !
• Brunei urged to diversify oil, gas industry Subcribe: Asean Affairs Global Magazine
 • New bank regulator for Indonesia Asean Affairs Premium

 • Myanmar police break up land protest

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

 Moro insurgency admits government payoff
• Philippines, Vietnam sign treaties 
 • Singapore inflation to remain high
  • Thailand exchange has backup plan

  • Bangkok Skytrain rolls on


Asean Analysis              27  October  2011

Advertise Your Brand
• Asean Analysis-October 27 Sponsor Our Events

Asean Stock Watch      27  October  2011

• Asean Stock Watch-October 27 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand