BANGKOK Feb 8 Thailand plans to launch a
100-billion baht ($2.85 billion)infrastructure fund in May or
June this year, the finance minister said on Wednesday, as the
military government seeks to fund investment projects to boost a
Last month, a ministry official said the fund would go
public in the first quarter.
The "Thailand Future Fund" will initially sell units worth
40 billion baht to 50 billion baht to Thai and foreign
investors, Apisak Tantivorawong told reporters.
"The fund will also be an alternative for people because its
return will be higher than deposit rates, likely at 7 percent to
8 percent," he said.
Banks' deposit rates are about 0.5 percent to 1.5 percent.
Apisak previously said the ministry would put 10 billion
baht into the fund before selling its units to the public.
Growth in Southeast Asia's second-largest economy has lagged
its peers since the military seized power in May 2014 to end
months of political unrest.
(Reporting by Kitiphong Thaichareon; Writing by Orathai
Sriring; Editing by Clarence Fernandez)