FACING THE FUTURE

Facing the future

FACING THE FUTURE

Introduction

Kim Eng Securities is a stock exchange oriented company in Thailand and is involved in numerous businesses in the stock exchange of Thailand.

Thailand has a strong environment policy and legislative framework, as well as well-established environmental institutions, which focus on implementing environmental policies to address its environmental and energy concerns at the national and provincial levels. However, rapid industrialization has outpaced environmental management, resulting in increased pollution levels (Noi 2009, 25).

PESTLE Analysis of Thailand

Political landscape

In June 2010, Prime Minister Abhisit Vejjajiva has stressed that opinions from all the government offices and business organizations would be taken for the Reconciliation Plan reform to help Thailand bring about broad based political and economic reforms.

The government expenditure on defence was about $4.1 billion in 2008; this was about 1.5% of GDP. (Connors 2007, 114).

Economic landscape

The economy contracted by around 2.3% by the end of 2009. It is expected that the country's economy would recover in 2010 with an economic growth rate of 4%.

The government has set the national budget for 2010-11 at THB2.07 trillion ($63.5 billion), with an emphasis on reducing social disparity, a problem that has persisted for a long period in Thai society.

The total trade decreased from around $432 billion in 2008 to around $347 billion in 2009. Total exports came down from $211 billion to around $172 billion in 2009 (Noi 2009, 25).

Social landscape

Thailand has extensive social security and welfare system that provides a great variety of benefits and provisions to its citizens.

The total health spending accounted for 3% of GDP in 2009, compared to 3.7% in 2002.

In June 2010, government announced its plans to promote social enterprises as a key tool to narrow income gap and tackle social disparity and poverty as part of its program for national reconciliation.

Technology landscape

Thailand has promoted science and technology on an active basis, in order to encourage innovation in the country. Thailand's internet penetration has also been increasing over the years.

The internet users in the country increased from 4.8 million in 2002 to 11.37 million in 2009, registering an average annual growth rate of over 49% (Noi 2009, 42).

Legal landscape

The World Bank's Doing Business 2010, which measures the ease of doing business within a country, ranked Thailand 12th out of 183 economies. According to the Index of Economic Freedom 2010, Thailand ranks 66th among 179 countries, Thailand scores highly in business freedom, government size and labour freedom.



Kim Eng Securities (Thailand) Public Company Limited Company Overview

Kim Eng Securities (KEST), a subsidiary of Kim Eng Holdings, provides financial services. The company provides investment services to corporations and individuals. Its services include trading, retail broking, derivatives trading, and underwriting. It also provides investment banking, investment advisory, corporate finance advisory, and securities lending and borrowing services. The company operates in Thailand, Singapore, the US, Malaysia, Hong Kong, the UK, Philippines, Vietnam and India. It is headquartered in Bangkok, Thailand. The company recorded revenues of THB3, 111.8 million (approximately $98.9 million) in the fiscal year ended December ...