Thai fund to press for offshore investment

Apr 22, 2003

The Government Pension Fund is still fighting to invest overseas but faces bureaucratic hurdles.

Thailand's Bt200 billion ($4.7 billion) Government Pension Fund plans to submit a proposal to its board of directors to allow it to invest up to 10% of its assets overseas in the next two months or so, says Singha Nikornpun, deputy secretary-general in Bangkok.

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