new thailand investment holding unitThailand has announced plans for an investment holding unit similar to what Singapore has with their Temasek Holdings. The idea behind such holding unit would be to manage state assets and investments, as well as fund governmental plan for infrastructure improvements. The holding company would also collect and invest the dividends gained from partly or wholly owned businesses, such as Thai Airways. In fact, Thailand had some 60 state-run companies and agencies in 2004. The new structure should open ways for the country to manage the investments more efficiently than what has been possible before. |