Growing investment on Thai bourse

BANGKOK, April 23 (TNA) - The Stock Exchange of Thailand (SET) reports that investment on the Thai bourse is improving, as the Bank of Thailand (BOT) has decided to keep its key interest rate unchanged. SET Executive Vice President Chanitr Charnchainarong told journalists of the development on Wednesday, saying that more companies are, therefore, seeking listings with the Thai stock market in the coming months. Chanitr revealed that 8-10 companies will be listed in May and June, while 30-40 companies have reported their plans to raise funds on the SET later this year. Besides, holding companies from Vietnam will be listed on the SET approximately in the third quarter of this year. The SET executive vice president assessed that a total fund of about 210 billion baht should be raised on the Thai bourse by newly-listed firms this year, meeting the SET's target, although the government's revenues in the first five months of the 2014 fiscal year, starting from October 1, 2013, have fallen short of the official target by 38 billion baht. Meanwhile, the BOT's Monetary Policy Committee resolved at its Wednesday meeting to maintain the central bank's key interest rate, the one-day repurchase rate, at 2 per cent. (TNA)