Fetco lines up stimulus proposal

published 28.07.2020 10:07

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The Federation of Thai Capital Market Organizations (Fetco) is preparing to submit a long-term investment plan to the new finance minister to stimulate long-term savings.

Thailand's capital market representative previously proposed a 10-year investment extension period for extra units of the Super Savings Fund (SSF) to financial authorities, aiming to help stabilise stock market volatility.

The main objective of the one-time investment incentive was to shore up equity investment inflows in Thailand's stock market.

Long-term investment capital still needs to be increased for the stock market to reduce high financial volatility when unexpected events affect market sentiment, said Mr Paiboon.

"The stock market is not an urgent focus now, but other urgent issues like the unemployment rate are increasing, and tourism industry and small and medium-sized enterprises are waiting for new supporting measures," he said.

by Bangkok Post from bangkokpost.com

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