Bangkok: Mr. Pichai Chunhavajira, Deputy Prime Minister and Minister of Finance, announced the Ministry of Finance's plans to enhance the Long-Term Mutual Fund (LTF) as it nears expiration. The fund, initially created for tax benefits and savings, has seen significant sell-offs due to declining stock market performance.
According to Thai News Agency, most LTF assets are large shares, and there is a proposal to transition them into the Thai Sustainable Mutual Fund or Thai ESG. This transition involves approximately 180,000 million baht. Investors are advised to hold off on selling as the improvements, aimed at ensuring benefits for at least five years, are under active consideration.