06.09.2011 - BOT chairman has his own version

Chatu Mongol Sonakul, chairman of Bank of Thailand, said today that he welcomed the proposal to establish the sovereign wealth fund, but this must be carried out in a thorough manner. He said that there was a discussion on this idea during the previous government. Then, he proposed that some US$10 billion from foreign reserves are channelled to the fund, so that it could be invested in equities..............................................Full Article: Source

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