Asked yesterday whether Thailand is likely to set up a sovereign wealth fund, prime minister Abhisit Vejjajiva replied that there have been talks on the issue. The Bank of Thailand, the central bank, has been considering the idea as something that could enable it to have more flexible management of surplus reserves, he said.
The issue is still being discussed, added Abhisit. Obviously we have to look at the legal and political implications and be mindful of the experiences of the various other such entities that have been set up in recent years.
He was addressing an audience of 250 at AsianInvestor's Southeast Asia Institutional Investor Forum...
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