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Asia-PacificJanuary 2 2006

Thailand

The Siam Commercial BankKhunying Jada Wattanasiritham, President
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1. What makes your country attractive to investors?

The current government is very stable, which should bring continuity in government policies (the prosperity of the stock market is a top priority). Recent stock valuation is relatively cheap compared with others in the region.

2.What are the economic prospects for your country over the next three to five years?

The economy should grow at a sustainable rate driven by domestic and foreign investment and exports. Inflation should be manageable. Thailand should improve its competitiveness and be ready for future liberalisation of the market, especially through the free trade agreements.

3. How do you foresee the financial sector in your country changing?

I expect consolidation as there are many new small banks coming in. Competitiveness will be enhanced as local incumbents transform to be able to compete with foreign banks.

4. What role will your bank play in your country’s future development?

We have set international best practices as our benchmarks. We do hope that local standards will be lifted to be comparable with international ones.

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