A series of notifications and amendments related to foreign ownership in the Thai insurance sector has seen the market become more liberalised at a rapid pace. Four reforms have been mandated by the government in recent years, and as of mid-2017, another was in draft form. In part, the adjustments reflect country’s favourable stance towards...
The Stock Exchange of Thailand (SET) missed its targets for initial public offerings (IPOs) in 2016 after two deals were delayed due to a change in accounting standards under the Securities and Exchange Commission’s (SEC) financial reporting requirements. Despite the temporary contraction, IPO growth is set to accelerate in 2017, with IPO...
Thailand’s National E-payment Master Plan (NEMP) is a five-pillar approach that aims to transform Thailand into a mostly cashless society through the launch of new digital and online payment options. The strategy, under development since 2014, has made major strides after the government launched the first pillar, known as PromptPay, in early...
The Thai equity market is one of the most developed and liquid capital markets in Asia. In 2016 the Thai stock market had share turnover velocity of 62%, the highest among the ASEAN 5 (Thailand, Singapore, Malaysia, Indonesia and the Philippines) and the second largest in terms of market capitalisation after Singapore at $437bn, or 117% of GDP...
What level of regulatory reform is necessary in order to prepare the insurance sector for high growth in digital distribution channels?
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