The SET may need to establish a new bourse as the qualifications for the SET and Market for Alternative Investment (MAI) are difficult for startups to meet. For example, both exchanges require companies that seek to list to have profits, said Warotai Kosolpistkul, deputy director-general of the Fiscal Policy Office (FPO). Prapan Charoenprawatt, the MAI president, said the bourse is considering easing listing requirements to facilitate startups going public. For the MAI, companies that wish to list are required to have minimum registered capital of 20 million baht, at least two years of operations and a profit in recent years. In a related development, Mr Warotai said the Finance Ministry is poised to extend a five-year tax waiver for venture capital investment in startups set to expire this year.

Source: Bangkok Post September 10, 2016 00:00 UTC