‘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

About thomasdinnocenzi

Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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