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The
Securities Exchange of Thailand (SET) was established in 1974
under the supervision of the ministry of Finance and the Bank of
Thailand. In 1993, there were 347 companies listed on the SET. Its
trading volume expanded rapidly in the early period of its
establishment, and, recently it has become popular with offshore
investors. Capital gain tax is not levied on profit on sale of
listed securities on the SET. Dividends received from listed
companies also receive favourable treatment.
To
closely monitor and supervise the operations of SET, the Office of
the Securities and Exchange Commission (SEC) was established in
1992. In the same year, to give new dimension to the capital
market, seven mutual fund management companies were licensed to
give the general public a chance to participate in the investment
through Unit Trusts
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