Capital market federation offers advice on tackling Covid-19
Paiboon Narintarangkul, chairperson of the Federation of Thai Capital Market Organisation (Fetco), said on Monday (April 13) that the organisation does not have any additional proposals because the new measures that have been offered up are sufficient to stimulate the economy.
However, Fetco has recommended that a Covid-19 tracker be launched to identify infections in different locations so people can realise the risk they face and quarantine themselves in time. It said that safe areas can be marked in green and at-risk areas in yellow to show they cannot be accessed.
The organisation has also come up with an exit strategy for businesses to come out of the lockdown, which includes limiting the number of customers that can be served in shops at any given time. It also said that entertainment venues should be the last to be reopened.
As for measures to keep the capital market alive, the government has been urged to issue a law that allows boards of directors and shareholders’ meetings to be held online as well as dividends to be disbursed via electronic media in a move to allow uninterrupted administration.
Fetco has also advised that the Personal Data Protection Act be temporarily disabled next month as it will hinder a lot of things and end up causing huge costs for businesses.