Thailand again delays launch of infrastructure fund, until October

[snoop1130]

Thailand again delays launch of infrastructure fund, until October

 

FILE PHOTO: Construction workers are seen in a building in Bangkok, Thailand March 8, 2017. Picture taken March 8, 2017. REUTERS/Jorge Silva/File Photo

 

BANGKOK (Reuters) - A multi-billion dollar infrastructure fund planned by the Thai government, first announced in 2015, will be launched in October, delayed again from September, a senior finance ministry official said on Wednesday.

 

The government aims to use the "Thailand Future Fund", intended to eventually reach 100 billion baht ($3.06 billion), to finance investments to boost economic growth. Its rollout has been repeatedly delayed.

 

On Wednesday, the ministry filed an application for a fund offering with the Securities and Exchange Commission, Prapas Kong-Ied, director-general of the State Enterprise Policy Office, told reporters.

 

The ministry aims to meet potential investors next month and sell shares in October.

 

The fund will initially sell units worth 45 billion baht to the public, with an expected interest rate of 3-4 percent, Prapas said, adding the fund units will be listed on the Thai bourse.

 

-- © Copyright Reuters 2018-8-29

[yellowboat]

7 hours ago, snoop1130 said:

The fund will initially sell units worth 45 billion baht to the public, with an expected interest rate of 3-4 percent,

As fulfilling as listening to Payuth sing. 

[Justgrazing]

8 hours ago, snoop1130 said:

Its rollout has been repeatedly delayed.

Sounds not unlike something else that has been repeatedly delayed ..

[Srikcir]

15 hours ago, snoop1130 said:

The ministry aims to meet potential investors next month

That will have to be foreign investors - China and/or Japan?

[Chris Lawrence]

Is Mr T investing?

 

15 hours ago, snoop1130 said:

The fund will initially sell units worth 45 billion baht to the public, with an expected interest rate of 3-4 percent, Prapas said, adding the fund units will be listed on the Thai bourse.

Return is a bit low.

 

But bet there is an earn somewhere in this fund?

[sammieuk1]

Half of it will be gone to embezzlers by October?

[Eric Loh]

16 hours ago, snoop1130 said:

The government aims to use the "Thailand Future Fund", intended to eventually reach 100 billion baht ($3.06 billion), to finance investments to boost economic growth. Its rollout has been repeatedly delayed.

 

Cut conscription 20B, stop buying useless military junks 30B, sell the aircraft carrier and airship 10B. reduce the number of generals 10B and cut the fats of the defence budget by say 30B. No need for infrastructure fund which is just more borrowings and more debts.  

[worgeordie]

15 minutes ago, Eric Loh said:

Cut conscription 20B, stop buying useless military junks 30B, sell the aircraft carrier and airship 10B. reduce the number of generals 10B and cut the fats of the defence budget by say 30B. No need for infrastructure fund which is just more borrowings and more debts.  

I think the prices are a bit high for the Aircraft carrier,and the Blimp

has leaks,most likely shriveled up in a warehouse somewhere.

regards worgeordie

[Eric Loh]

9 minutes ago, worgeordie said:

I think the prices are a bit high for the Aircraft carrier,and the Blimp

has leaks,most likely shriveled up in a warehouse somewhere.

regards worgeordie

You may be right. What about seizing some of those corrupt generals unusual wealth and assets. That should be worth quite a lot. 

[chama]

On 8/29/2018 at 4:01 PM, Justgrazing said:

Sounds not unlike something else that has been repeatedly delayed ..

Possibly related?