Wednesday, September 22, 2021


FETCO offers to help boost Thailand’s presence among global investors

The Federation of Thai Capital Market Organisation (FETCO) is ready to act as a medium between global investors and the Thai government to help improve the state’s relations with investors and attract more foreign investment into the Kingdom.



FETCO chairman Paiboon Nalinthrangkurn will meet Finance Minister Uttama Savanayana on Wednesday to discuss how the government can use the stock market to boost the country’s presence at a global level. 
“We have analysed the government’s immediate economic policies and identified the ones that can be supported by the stock market,” Paiboon said earlier on Tuesday. 
He said one way the government can achieve its aim to boost Thailand’s role globally is by improving its relations with investors. The government currently does not have an official channel for communicating with global investors, he said, adding that FETCO is ready to help establish this medium with its network of global investors. 
This will boost the transparency of Thailand’s stock market for global investors and draw in more foreign investments over time, he explained.
Secondly, the government also aims to promote long-term savings through Thailand’s stock market, Paiboon said. In order to achieve this, he said, FETCO will propose some adjustments to the long-term fund (LTF), which will offer tax-reduction benefits and set it to lapse at the end of the year. 
For instance, he said, the new form of LTF will allow investors to deduct up to 30 per cent of their total annual income from the original 15 per cent. 
Moreover, the new LTF will also require that investors spend a fraction of their capital on sustainable equities such as the Thailand Future Fund and equities that are environmentally friendly.
This way, the new LTF will be able to draw in more investors and at the same time, promote sustainable investments, he said.

Published : August 06, 2019