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NEWS UPDATES Asean Affairs   15 August 2013  

Thai Stock Market Flood Relief Fund helps restore flood-hit historic sites   
BANGKOK, August 14, 2013 – Thai Stock Market Flood Relief Fund, led by The Stock Exchange of Thailand (SET), has joined with The Fine Arts Department, under Ministry of Culture, to set up a restoration project for ancient sites damaged by the great flood of 2011.

Twelve archaeological sites, having cultural values and being the spiritual center of the community, selected to be restored are in seven provinces, which are Ayutthaya, Nontaburi, Supanburi, Angtong, Saraburi, Singburi, and Lopburi.

Sompol Kiatphaibool, Chairman of the flood relief fund, said that the fund has continuously given assistance and relief to flood victim since 2011. After it successfully provided aids for 80 flooded schools through “Restoring flooded schools, Building relationship with communities” project which aimed to help them resume operating normally and develop and boost effectiveness for teachers for developing community with sustainability, the fund is now focusing on restoring sites with massive values of culture, economy, society, education, and aesthetic but lack of budget support. Therefore, we believe the fund should help repair these historic sites and returning them to be spiritual centers for community and Thais further.

Sonthaya Khunpleum, Minister of Culture, said that it was grateful that the fund had realized the importance of religion and culture by expanding aids into religion and culture and adding flood-hit historic sites for restoration supports. This would help the sites return to be attractive, valuable, and become the spirit of community as well as the country’s heritage further.

Anek Sihamat, Director-General of The Fine Arts Department, said that the department would restore the sites physically with technical accurate, together with fixing surrounding structures. We have also provided knowledge, advice, and given cooperation to the site owners and local people in order to gain collaboration in protecting, managing, maintaining the nation’s heritage of art and culture to exist further.                 

The Thai Stock Market Flood Relief Fund was formed by the SET together with other capital market organizations. The fund is managed by a committee which includes representatives from the Association of Investment Management Companies, Association of Securities Companies, Capital Market Academy, Federation of Thai Capital Market Organizations, mai-listed Companies Association, Thai Listed Companies Association, The Thai Bond Market

Association,The Securities and Exchange Commission and the SET. The fund aims to help victims, flood-hit schools, public places in three steps, which are emergency assistance, rehabilitation, and sustainable long-term development, reflecting the capital market’s strength in cooperation to aid Thai society in crisis.
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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






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