Finance / Thailand
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
Thailand's New Stimulus Package
March 2008 | Corporate Financing News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
On March 4, Thailand's Finance Minister Surapong Suebwonglee announced a tax stimulus package that has been approved by Thailand's cabinet. The tax stimulus package has three goals: to increase the income of Thai citizens, to promote small and medium enterprises (SMEs) and to stimulate investment and enhance competitiveness. This is good news for the Stock Exchange of Thailand Index (SETI) because it will increase the participation of smaller players, such as local mutual funds, which should act as downside support for the broader market.