SET fund split for flood victims
The Stock Exchange of Thailand and associations in the capital market have mobilised nearly Bt400 million, with anticipation that they would achieve the goal to raise a total of Bt500 million soon.
Initially earmarked to finance inundated industrial estates' rehabilitation, the fund would be split to help individual flood victims.
"We reached an agreement to extend urgent assistance to flood victims, which are of huge number. Meanwhile, the government and financial institutions stand ready to help the business sector as well as to improve infrastructure," Sompol Kiatpaibool, chairman of the SET as executive chairman of the fund, said after a meeting with related associations on Nov 4.
Chanin Vongkusolkit, president of Thai Listed Companies Association, said that the association is ready to provide financial and non-financial supports.
Brokerage houses also contributed all brokerage fees on Oct 28, when the daily turnover was the highest in the past week, to the fund. They also promised manpower supports.
On Nov 25, the Capital Market Academy will also host a charity programme on ModerNine TV, to mobilise public donations.
Over 20 listed companies have joined the SET-led mobilisation effort.
- PTT Plc - Bt20 million
- Aside from mobile clinics and health education, Bumrungrad donated Bt3 million.
- Total Access Communication - Bt2 million
- Bangkok Bank - Bt5 million.
- Seamico Securities - Bt500,000
- Capital Engineering Network - Bt100,000
- Kasikornbank - Bt5 million
- Khonburi Sugar
- Somboon Advance Technology
- Minor International
- Singer (Thailand)
- Univenture
- Krung Thai Bank
- TMB Bank
- Siam Commercial Bank
- PTT Exploration and Production
