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CP executive: Establish a sovereign wealth fund (Thailand)

Posted on 26 July 2011

Some foreign reserves should be transferred to a sovereign wealth fund that could be set up to invest in major infrastructure projects to ensure better management of the country’s assets, suggests Suparut Kawatkul, an executive at the Charoen Pokphand Group.
The former finance permanent secretary said the central bank has already incurred huge losses in issuing baht bonds to mobilise funds at 3% annual interest while buying US bonds that have produced only 0.25% interest……………………………………….Full Article: Source

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