16
        
        
          Annual Report 2012
        
        
          26 Jan:
        
        
          The FED decided to keep
        
        
          the target range for the federal
        
        
          funds rate at 0 to 0.25% and
        
        
          maintain it at low levels at least
        
        
          through 2014 in order to support
        
        
          a stronger economic recovery.
        
        
          19 Feb:
        
        
          Greece’s cabinet approved 325
        
        
          million euros of extra austerity measures
        
        
          needed to complete a 3.3 billion euro
        
        
          package of spending cuts according to the
        
        
          requirement of the EU/IMF bailout plan.
        
        
          8 May:
        
        
          The fact that the left-wing, anti-austerity Syriza party of
        
        
          Greece might be able to form a governing majority could have
        
        
          an adverse effect on the plan to resolve the European crisis and
        
        
          increased the prospect of the nation leaving the euro zone.
        
        
          8 Jun:
        
        
          Euro zone
        
        
          finance ministers
        
        
          agreed to lend Spain
        
        
          up to 100 billion
        
        
          euros to support its
        
        
          teetering banks.
        
        
          29 Feb:
        
        
          U.S. GDP in the 4
        
        
          th
        
        
          quarter of
        
        
          2011 increased by 3% compared to the
        
        
          previous quarter. It is the highest growth
        
        
          since the second quarter of 2010.
        
        
          17 Jun:
        
        
          The new
        
        
          government in Greece
        
        
          helped restore the
        
        
          investor confidence
        
        
          in the world capital
        
        
          market.
        
        
          15 May:
        
        
          After the Syriza party
        
        
          failed to form a government,
        
        
          Greece would hold a new
        
        
          election in June.
        
        
          16 Mar:
        
        
          FTSE Group upgraded the Thai
        
        
          capital market from the Secondary
        
        
          Emerging Market status to the Advanced
        
        
          Emerging Market status in the FTSE Global
        
        
          Equity Index Series.
        
        
          1 Jan:
        
        
          Effective the new corporate
        
        
          tax rate at 23%, lower than year earlier,
        
        
          for Thai listed companies.
        
        
          4 Jan:
        
        
          SET Index
        
        
          closed at 1036.21 pts.
        
        
          SET market movement 2012
        
        
          1,400
        
        
          1,300
        
        
          1,200
        
        
          1,100
        
        
          1,000
        
        
          900
        
        
          SET index
        
        
          (points)
        
        
          Source: SETSMART
        
        
          Jan
        
        
          5.72
        
        
          Feb
        
        
          7.10
        
        
          Mar
        
        
          3.09
        
        
          Apr
        
        
          2.65
        
        
          Jun
        
        
          2.68
        
        
          May
        
        
          -7.08
        
        
          (% Change)