Thailand - SWF presumed
Country: Thailand
Established: N/A
US$ Billion: N/A
Origin: Non-commodity
Summary:
In the first quarter of 2008, the IMF reported International reserves and foreign currency liquidity to be U.S. $109.9 billion. In April of 2008, Bank of Thailand Governor Tarisa Watanagase stated that the Bank would investigate the possibility of establishing a sovereign wealth fund. The Sovereign Wealth Fund Institute predicts Thailand to create a reserve investment corporation.
News and Updates
5/13/2008
Thailand considers setting up a sovereign wealth fund
Thailand has reserves stemming from non-commodity sources. The central bank is seeking a feasibility study to see if it is beneficial or not to invest their foreign reserves into other asset classes. Another hot topic in the discussion is to see whether the fund would seek strategic controls in companies or to just purely seek higher investment returns.
According to the Nation, “The Bank of Thailand will conduct a thorough feasibility study before making a decision on whether to establish a sovereign wealth fund, Governor Tarisa Watanagase said last week.”
read more: The Nation
Location
Website
Ministry of Finance of Thailand
Bank of Thailand
1. All figures quoted are from official sources, or, where the institutions concerned do not issue statistics of their holdings, from other publicly available sources.
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