October 2017

16Oct

Pensions extended to workers in Thailand

Cambodian migrants in Thailand are to earn pension benefits as they work abroad, Labour Minister Ith Samheng has announced. Meeting workers in Thailand yesterday, Mr Samheng said the government was discussing ways to make sure that migrants get equal access to pensions when they returned home. He said that all private sector employees would be eligible to the same pension benefits as civil servants from 2019. The Ministry of Labour is now in talks with the Thai government over how to...

October 16, 2017
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June 2017

26Jun

Thailand. State pension fund sees strong upside in local stocks

The Government Pension Fund will give more weight to the Thai shares in the second half, citing ramped up big-ticket infrastructure investment and the high price of foreign equities. Yingyong Nilasena, chief investment officer at the GPF, said Thai stocks have an upside potential as state spending in infrastructure projects will boost the country's GDP. This expanditure will increase local consumption and private sector expansion. Moreover, Thai stocks are laggards in the region, while stock prices in developed markets have skyrocketed. The...

June 26, 2017
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March 2017

27Mar

Thailand Government Pension Fund to Form Asset Management Unit

The Finance Ministry plans amending legislation to allow the Government Pension Fund (GPF) to form an asset management company to increase returns for members. Somchai Sujjapongse, permanent secretary for finance, aired the idea at the ministry on the 20th anniversary of the fund, which amounted to 758 billion baht in October last year. "The finance minister agrees with the plan... We are of the view the GPF is ready in terms of personnel who are able to manage investment in funds,"...

March 27, 2017
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