Anutin rings opening bell at New York Stock Exchange

Prime Minister Anutin Charnvirakul participated in the opening bell ceremony at the New York Stock Exchange (NYSE) on September 24, 2024. This marked the third time a Thai prime minister had taken part in the event, showcasing Thailand's investment potential to international investors. The ceremony took place at 9:30am local time.

An agreement between the Stock Exchange of Thailand (SET) and the NYSE was signed during the event. This memorandum of understanding aims to bolster cooperation between the two capital markets, enabling Thai companies to access investors and funding sources worldwide. The agreement will also provide international investors with increased exposure to Thai companies and emerging industries, potentially drawing new investment and technology to Thailand.

Government spokesperson Ekkapop Pianpiset emphasized that the SET-NYSE agreement would facilitate fundraising, business expansion, and cross-border investment. Moreover, the agreement would offer international investors a broader view of Thai enterprises and emerging sectors, likely attracting additional investment and technological advancements to Thailand.

Anutin described the agreement as a stronger bond between two stock exchanges, reflecting the robust and expanding economic relationship between Thailand and the United States. He also highlighted the United States as a crucial economic partner for Thailand and New York as a major global finance hub.

By strengthening cooperation between the two exchanges, officials hope to create opportunities for companies and investors in both countries. This, in turn, will deepen connections between their capital markets and stimulate more cross-border investment. The signing is intended to transform these potential opportunities into concrete cooperation, enabling Thai businesses to expand their international reach while offering foreign investors more chances to explore Thailand's economy.