Asean plan Infrastructure Fund

Asean plans to set up a US$1-billion (Bt33.5 billion) infrastructure fund and will join Japan, China and South Korea in creating a $500-million bond-guarantee fund for investment in the region, Finance Minister Korn Chatikavanij said yesterday.Ads by Google Lucid Investments

Meanwhile, the Finance Ministry will offer more tax incentives to multinational firms if they choose Thailand as the base for their regional headquarters.

The fund plans will be discussed on the sidelines of the annual meeting of the World Bank and the International Monetary Fund, being held in Istanbul from today until Wednesday, Korn said via videoconference from the Turkish city.

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Posted by rjorr at October 3, 2009 7:36 AM