SET ready for siege | Bangkok Post: business

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SET ready for siege

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The Stock Exchange of Thailand (SET) is prepared if anti-government protesters decide to act on their threat on encircling its head office on Jan 15, saying the trading system can run even if the building is closed for a week. 

The stock exchange operated yesterday without disruption as the Bangkok shutdown started. The Bank of Thailand temporarily relocated its headquarters, while 134 branches of both state-owned and commercial banks were closed, along with over 100 gold shops mostly in Yaowarat and nearby protest sites.

"We will tell the Network of Students and People for the Reform of Thailand that the SET is a part of the country's financial system, and it helps people who park their cash in money market mutual funds to convert the unit trusts into cash in emergencies," said SET president Charamporn Jotikasthira.

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