Bangkok: "Pichai" has confirmed that a new fund, Thai ESG, will be launched in March to support the Long-Term Savings Fund (LTF), with discussions already held with FETCO, and further incentive measures to be evaluated based on suitability, highlighting the link between the capital market and economic confidence.
According to Thai News Agency, Mr. Pichai Chunhavajira, Deputy Prime Minister and Minister of Finance, discussed the progress of the measures aimed at bolstering the capital market. He announced that in March, a new fund will transition from the Long-Term Savings Fund (LTF) to the Thai Sustainable Mutual Fund (Thai ESG). He emphasized that all parties involved are diligently working to ensure this transition occurs soon, with key principles already being deliberated.
Furthermore, Mr. Pichai highlighted ongoing discussions with the Federation of Thai Capital Market Organizations (FETCO), noting that continuous information exchange with FETCO is beneficial due to the organization's extensive membership within the capital market industry. This dialogue ensures comprehensive discussions on various aspects of the market.
Mr. Pichai stated, "We also exchanged information because we wanted to know how the various measures we have implemented have been received, which will be further improved from time to time."
On the topic of additional incentives, Mr. Pichai remarked that while several measures have been put in place, these ultimately tie back to the issue of economic confidence. Any additional incentives will need to be carefully considered to ensure they align appropriately with the current economic landscape.