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Low Rates Spur Overseas Review in Thailand.
Byline: Wichit Chantanusornsiri
Mar. 10--The Government Pension Fund (GPF), one of the country's largest institutional investors with nearly 200 billion baht in assets, wants the Finance Ministry to authorise overseas investments as a means of boosting returns for members as domestic interest rates continue to fall.
Visit Tantisunthorn, the GPF secretary-general, said bond yields for five-year maturities were now only around 2 percent while bank deposit rates were only 1-2 percent.
Uncertainties over a potential US-led war on Iraq has also led share prices on the Stock Exchange of Thailand to dip during the past several weeks, affecting the ...
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Source: HighBeam Research, Low Rates Spur Overseas Review in Thailand.