Thai private sector monitoring impacts of eurozone crisis

BANGKOK, June 29 (TNA) - The Thai private sector is monitoring the ongoing eurozone debt crisis although its impacts on the Thai economy have been limited so far. President of the Stock Exchange of Thailand (SET) Charamporn Jotikasthira suggested on Friday that concerned parties in the country, including those in the private sector, need to monitor capital outflows and inflows over the next couple of months. According to the SET chief, although only a fund of about 400-500 million baht poured into the Thai bourse last month, unlike as much as 60 billion baht of capital inflows in May last year, all parties should prevent risks. The SET president said, however, that it appears not to be the time to set up a fund to support share prices on the Thai stock market, as the SET index remains peak in 16 years and is at a manageable level. Meanwhile, Kan Trakulhun, President of Thailand's long-established Siam Cement Group (SCG), also urged the Thai private sector to manage risks well, assessing that the ongoing European debt crisis will likely worsen and persist for a certain period of time. The SCG top executive recommended that senior executives of all other Thai businesses prepare for a worst case scenario so that they can cope with impacts effectively; while developing their firms in a sustainable manner and taking care of the society and the environment as well in order to survive global economic crises. (TNA)