Provident funds' savings exceed Bt700bn

SATURDAY, JULY 13, 2013
Provident funds' savings exceed Bt700bn

Savings under 433 provident funds have totalled Bt727.9 billion, according to the Association of Provident Funds.

 
Of total funds, 165 are single funds (set up for a particular company) and the remaining 268 are pooled funds. The number of employers and employees joining the funds totalled 12,800 and 2.4 million, respectively. 
"The pool of assets is huge and can benefit the economic development," said the association's chairman Pisit Lee-ahtam.