Phuket Business: SET in the city

PHUKET: Investors in Phuket became privy to invaluable financial advice at the island’s inaugural investment extravaganza hosted by the Stock Exchange of Thailand (SET) recently.

Organized in collaboration with the Phuket Chamber of Commerce, Phuket Federation of Industries and the Phuket Bankers Association, it was the first time for “SET in the city” to be held in Phuket.

The event was held at the Royal Phuket City Hotel in Phuket Town, and featured a seminar led by eminent speakers from the forefront of the investment sector, in addition to investment advice booths of 20 major financial institutions.

The event’s slogan was: “Shares for making money, derivatives for making profit, funds to administer savings for Phuket residents”.

Dr Pakorn Peetathawatchai, SET Chief Marketing Officer, outlined the reasons for bringing the thoroughfare to Phuket.

“Phuket has the third largest deposits’ client base in the Southern region, and SET trading on the island is valued as much as 2 to 3 billion baht.

“More importantly, Phuket is experiencing high economic growth. We believe that coming here and giving knowledge about investment will benefit Phuket residents greatly.”
SET’s stated aim is to continue to promote savings and investment in Bangkok and the provinces, he explained.

“The financial and investment world is changing much, now with many more options for administering finances.

“It is necessary to inform the public, savers and investors to know, understand and be able to access and apply investments to be consistent with their lives.
“The goal of SET is to present this information for the maximum benefit of businesses and the community,” he said.

Doctor Pakorn explained that the event emphasized on “analyzing the economy and direction of investment, shares, gold and combined funds” as well as “picking out the money making shares, groups and categories”.

He went on to say: “Investing depends on the state of the economy of which both external and internal factors will affect the investment. Making decisions come with high risks so you have to look at all sides and diversify your investments.

“Whatever one decides to invest in, it is important that you do your homework and ensure that the direction [of the investment] is ideal.

Phuket’s was the second investment promotion activity led by SET this year, following their booth at the Money Expo in Haad Yai last month, while five more events are scheduled this year including two in Bangkok, one in Chiang Mai, Udon Thani and Nakhon Ratchasima.

— Warisa Temram