‘Thailand could become financial hub’ rivalling Singapore, Malaysia


Thailand has the potential to be a financial hub in Asean, especially for Cambodia, Laos and Myanmar, which need funds to drive their growth, Twin Pine Consulting Co managing director Adisorn Singhsacha said.

He added that his company had advised the Laotian government to issue debentures totalling Bt9.59 billion in Thailand’s capital market from 2013 through this year. It also advised Laotian firm EDL-Generation to issue debentures worth Bt6.5 billion in the Thai market.

The company is also advising the governments of Myanmar and Cambodia to do the same to support their infrastructure investment plans.

In his view, Thailand could eventually rival Singapore and Malaysia as a source of financing for Asean countries.

Adisorn established Twin Pine Consulting in 2011 as a financial advisory firm. The company has focused on advising governments and the private sector in this region to raise capital in the Thai market.

“We saw strong demand for funds from Asean countries, especially Laos, Myanmar, Cambodia, Indonesia and Vietnam, to develop their infrastructure. We also saw the business opportunities for Thailand’s capital and financial markets to be sources of funds to support them. As a result, we decided to do this business, starting in Laos,” he said.

Two years after its establishment, the company successfully advised Laos’ government to issue debentures worth Bt1.5 billion in Thailand’s capital market in mid-2013, then issue Bt3 billion worth at the end of last year, and make the final Bt5.09-billion issue last month.

“We aim to advise Asean countries, especially Laos, Cambodia and Myanmar, both the government and private sectors, to issue debentures in the Thai capital market worth between Bt12 billion and Bt20 billion a year from 2015 onwards,” he said.

This is a challenge for Thailand’s capital and financial markets to transform from borrowers to creditors in this region. It is also the way to have the best relationship with neighbouring countries, he said.

Source : The Nation | November 12, 2014
Thomas D’Innocenzi

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Thomas D’Innocenzi is a highly accomplished, results-focused international consultant with extensive experience in global sourcing and business development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global marketing and sourcing operations. He has extensive experience in international business development to accommodate rapid growth. Skilled in building top-performing teams, bench-marking performance, and developing organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. Tom founded Nova Advisors with the mission of providing expert Global Business Development consulting services for companies seeking to expand their market share as an independent consultant. Tom has a network of experts and advisors throughout the Asia-Pacific region and North America. His expertise includes business development, global sourcing, manufacturing, commodities, logistics, QA/QC, FDA, regulatory compliance, sustainability, and supply chain optimization. Tom is experienced in the medical device, apparel, consumer goods and technology services verticals helping companies advance their global sourcing capabilities and develop new markets through a local and sustained approach. Located in SE Asia and the United States, Tom expands market reach to drive sales. His global sourcing strategy includes directly negotiating with commodity suppliers, supply chain networks and distributors for optimal terms based on his expertise and first-hand knowledge of the players. Contact Tom to use his consulting service to increase your global market and make global sourcing profitable for you in the Asia Pacific Region and the United States. http://www.NovaAdvisors.com thomas@NovaAdvisors.com USA Direct: +1.904.479.3600 SINGAPORE: +65.6818.6396 THAILAND: +662.207.9269
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