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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Fund Profile/New Launches

Pheu Thai will maintain State Oil Fund, says Yingluck

Posted on 08 July 2011

Thailand’s designated Prime Minister Yingluck Shinawatra said Thursday that her Pheu Thai Party has no policy to shut down the state oil fund, but will temporarily suspend certain levies contributed to the fund until an appropriate time, Thai News Agency (TNA) reported.
Yingluck made it clear that her new Pheu Thai Party-led coalition administration, once taking office in the coming months, will, instead, suspend the state oil fund’s levies imposed on premium and regular gasoline, or benzene 95 and 91, and diesel for a certain period of time, aimed to reduce retail prices of the three types of fuel and to ease people’s transport costs……………………………………….Full Article: Source


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