SET casts aside taboosListen to this articleThe Stock Exchange of Thailand (SET) is on the cusp of a progressive reform that could inject much-needed vitality into our capital market. Recent statements from SET chairman Prof Kitipong Urapeepatanapong show the SET is ready to change long-standing reservations by letting alcohol beverage producers list shares and conduct initial public offerings (IPOs). A stock exchange listing neither advertises products nor expands distribution or weakens consumption controls. Patterns of alcohol consumption are the outcome of excise taxes, advertising bans and strict sales-hour regulations, not SET listing status. Let Thailand open its gates to a stronger, more inclusive capital market and a truly resilient economy.
