Bongkok--Nov 28--The Stock Exchange of Thailand
The Stock Exchange of Thailand (SET) announced the winners of the
1996 Annual Report Awards on Tuesday, 26 November, 1997 at a gala dinner in the Kamolthip Ballroom
at the Siam City Hotel. Respected former prime minister, Mr.Anand Panyarachun was chairman of the
awards ceremony.
The annual event was co-sponsored by 11 industry associations and
organizations who also supplied the judges.
The SET President and Annual Report Award Committee member,
Mr.Singh Tangtatswas said 1996 marked the 20th anniversary of the annual awards. This year almost
100 companies entered their annual reports in the prestigious competition, which once again saw an
extremely high standard.
The main objective of the event is to encourage greater disclosure
of information by all firms, especially listed companies. A firm's management policies and
financial statements are of particular importance to investors. This is because they can reveal a
company's operational efficiency and financial situation. Such information is vital for any
investor considering an investment in any company.
The awards also seek to encourage companies to be more aware of
their public image. A good annual report can substantially boost the reputation of a company in
this area.
Twenty nine companies won awards at the 1996 ceremony. Here are
the details:
* Excellent Financial Institution Awards
- Krung Thai Bank
- The Industrial Finance Corporation of Thailand
- Thai Investment and Securities
* Excellent Industrial and Commercial Companies Award
- Thai President Foods
* Very Good Industrial and Commercial Companies Awards
- Charoen Pokphand Feedmills
- Telecom Asia Corporation
- Multi-Credit Corporation of Thailand
- Thai Vegetable Oil
- President Rice Products
* Excellent Non-Profit or Governmental Enterprise Award
- The Communication Authority of Thailand.
* Very Good Non-Profit or Governmental Enterprise Awards
- The Telephone Organization of Thailand
- The Metropolitan Water Works Authority
In addition, three special awards were handed out. They were:
* Excellence in Design and Printing Technique
- Muang Thai Life Insurance
* Creative Design Award
- Phatra Insurance
* Technical Excellence Award
- Pacific Assets End.