SET supports SSF tax deduction for investing in sustainable stocks.

SET manager agrees that if there is a tax deduction, SSF will focus on investing in Thai stocks more sustainably. Points out that this is a trend all over the world, not just in Thailand. Believed to bring in money during market fluctuations

Mr. Phakorn Peetathawatchai, Director and Manager of the Stock Exchange of Thailand (SET), discussed the case where the Federation of Thai Capital Market Organizations (FETCO) proposed adjusting the criteria for SSF funds to grant tax deduction rights. Focusing more on investing in sustainable Thai stocks is seen as interesting and something that should be supported. Because investing in stocks related to sustainability (sustainability) and ESG are things that are happening all over the world. Not only in Thailand And there is a trend that there will be more investments like this around the world. Therefore, it is appropriate for us to support this matter so that it is accepted and becomes more intensive.

As for the case where it is estimated that it will help draw investment money into the capital market of 50,000 million baht per year, Mr. Pakorn thinks that if you look back at the past, both LTF and RMF funds have always been able to draw money into the capital market. During this period Where the stock market is volatile, you will see quite a lot of investors investing in this type of fund. Therefore, we encourage the creation of new types of funds. That helps support sustainable growth should therefore be a good result.

Source: Thai News Agency

Post Author: tmadmin