Bangkok: The Prime Minister called for a discussion on the Thai stock market situation and financial cases, summoning the SEC Secretary-General and the DSI Director-General to address these pressing issues. The meeting emphasized the need for legal amendments, stricter punishments, and comprehensive law enforcement to restore confidence in the market.
According to Thai News Agency, Prime Minister Ms. Paethongtarn Shinawatra convened a meeting with Ms. Pronong Busaratrakul, Secretary-General of the Securities and Exchange Commission (SEC), Pol. Lt. Col. Yuthana Praedam, Director-General of the Department of Special Investigation (DSI), and other relevant parties to discuss the Thai stock market situation. Following the meeting, Ms. Paethongtarn shared the discussion results on social media, highlighting the government's ongoing focus on the Thai stock market.
The Prime Minister invited key figures, including Ms. Pornanong Busaratrakul, Secretary-General of the SEC, Mr. Asadej Kongsiri, Director and Manager of the Stock Exchange of Thailand, and Pol. Lt. Col. Yuthana Phraedam, Director-General of the DSI, to deliberate on the prevalent stock market and financial cases. The discussion centered on four critical issues:
Firstly, the importance of inspecting and expediting cases affecting a large number of people and the economy was underscored, with a focus on accelerating case progress. Secondly, the need to amend laws to prevent wrongdoing in the stock market was addressed, including improving rules and regulations on securities trading to avert future infractions. Thirdly, a strong emphasis was placed on enforcing regulations to manage free float and penalize companies that violate stock market rules by delisting them. Lastly, the meeting stressed the application of law in all dimensions to urgently and fairly restore confidence.
This initiative by the government is aimed at building trust in the legal framework, ensuring investor confidence in the Thai stock market, and enabling the market to compete on the international stage.