Bangkok:HSBC has expressed strong confidence in Thailand's fiscal discipline, highlighting ongoing discussions about proposals to advance the Thai financial market.
According to Thai News Agency, the Group CEO of HSBC praised Thailand's fiscal discipline and engaged in discussions with the country's Ministry of Finance. The talks focused on the economy, investment, and fiscal discipline, with HSBC offering suggestions for the development of the Thai financial market.
Dr. Ekniti Nitithanprapas, Deputy Prime Minister and Minister of Finance, alongside Assistant Ministers Mr. Archavas Charoensilp and Dr. Santithar Sathienthai, hosted Mr. Georges Elhedery, Group CEO of HSBC Holdings plc, and his delegation. These discussions centered on economic issues, investment strategies, and fiscal discipline in Thailand.
HSBC's confidence in Thailand's fiscal discipline is seen as fundamental to sustaining the nation's economic and financial stability. The dialogue between the parties also explored enhancing Thailand's economic and financial potential by focusing on infrastructure fundraising, promoting and upgrading the bond market, and advancing digital financial systems. Additionally, HSBC's recommendations regarding the management of government-held shares were reviewed to guide future strategies and monitoring efforts.