The first annual ASTV shareholder meeting for 2010 this morning saw all of the satellite station’s stakeholders affirming that they will continue to support the network and its mission to present truthful news. ASTV’s shareholder meeting this morning at Baan Chao Phraya saw passionate attendance from its benefactors. The meeting, presided over by Panthep Puapongpun informed shareholders of the network’s performance in 2009 following its separation from Thai Day Dot Com company.

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ASTV Holds Annual Shareholder Meeting

Thailand’s open and tightly integrated into global trade economy experienced a V-shape contraction and recovery from late 2008 through late 2009
Government consumption will likely contract due to the phase-out of consumption measures of the first fiscal stimulus package. Investment is expected to recover, as capacity utilization rises and deferred maintenance, machine replacements and limited expansion of existing plants take place. In addition, there are indications that construction investment, long subdued, may be picking up.

‘‘The bigger Thai companies going on international road shows still stop in the US, Europe, Hong Kong and Singapore. But a few are also beginning to go to China and the Middle East as well,’’ Mr Wood said.
There is a growing split in terms of family-run companies. There are those still dominated by the older generation, who are still conservative and don’t want to do much. And there are firms led by the younger generation, who are more active about transparency and investor relations.

In 1972 the Government took a further step in this direction by amending the “Announcement of the Executive Council No. 58 on the Control of Commercial Undertakings Affecting Public Safety and Welfare”. The changes extended Government control and regulation over the operations of finance and securities companies, which until then had operated fairly freely. Following these amendments, in May 1974, long-awaited legislation establishing “The Securities Exchange of Thailand” (SET) was enacted. This was followed by revisions to the Revenue Code at the end of the year, allowing the investment of savings in the capital market. By 1975 the basic legislative framework was in place and on April 30, 1975, “The Securities Exchange of Thailand” officially started trading. On January 1, 1991 its name was formally changed to “The Stock Exchange of Thailand” (SET).