SEC adds two sectors to infrastructure fund list
The Securities and Exchange Commission (SEC) will add two businesses - oil and gas pipelines and technology science - to the list of those that can set up infrastructure funds.
These additions will help develop the country’s infrastructure business, SEC secretary-general Worapol Sokatiyanurak said yesterday at a seminar on infrastructure funds as alternative investments.
Currently, the SEC allows 10 businesses to set up infrastructure funds. They are rail systems, roads, ports, airports, power plants, water supply, alternative energy, water management, information technology, and natural-disaster protection systems.
The commission established regulations last year on the establishment of such funds, but so far only one project has applied to do so. BTS Group applied to set up an infrastructure fund worth between Bt50 billion and Bt60 billion.
"BTS Group applied to set up its infrastructure fund last week," Worapol said.
He said the SEC promoted infrastructure funds and suggested investment in them because of tax incentives and dividends, while investors would at the same time be contributing to the long-term development of the nation’s infrastructure.
