The Stock Exchange of Thailand (SET) received approval from the SET Foundation’s Committee to provide financial support for the Capital Market Academy (CMA)’s project “CMA power to reduce societal inequality.” The project is to support the quality of life of Thais in ten underdeveloped provinces. CMA students, who are leaders in Thai public and private sectors, will run the project in the chosen provinces. Each selected province will receive THB 1 million, totaling THB10 million (approx. USD3.33 million). CMA students have chosen six provinces to start with, i.e., Buriram, Maehongson, Nongkhai, Sakaeo, Sakonnakhon and Sisaket.
“SET continually held activities focusing on social and environment responsibilities, covering the support on education, the standards of living, religion and culture. The United Nations Development Program Thailand’s report showed that the selected provinces were underdeveloped in terms of income, advancement opportunities, education, and health. This project will help improve the standards of living of people there,” noted SET Chairman and SET Foundation Chairman Sompol Kiatphaibool.
The project will run from 2010-2012. During this time, CMA students will advise on projects that are already operating in the targeted provinces, encouraging local input and working together to boost project efficiency and sustainable growth rates.
“This project is in line with CMA’s objective, which is to increase the number of executives who have understanding of the capital market and able to drive their organizations to reach business goals while being concerned with social development. Close cooperation between CMA students and local communities, will enable the project to make a significant contribution in helping solve some of society’s problems,” said Mr. Sompol.
CMA students class 1-11 will work together in the six mentioned provinces, while CMA class 12-15, will choose the four remaining provinces for the project shortly.