Thai ESGX reaction mixed

Quick Summary:

Analysts offered a measured response to the planned Thai ESG Extra (ESGX) fund, with some saying the Finance Ministry is too optimistic about long-term equity fund (LTF) transfers to the new category as well as new money being ploughed into the tax-deductible fund.

More than 80% of its investment has to be in eligible assets similar to Thai ESG, with the remainder in green/sustainable investment tokens.

"We believe the fund and tax benefit is an attempt to offset the disappointment from delays in the disbursement of the 27-billion-baht phase 3 of the digital wallet scheme for 2.7 million people aged 16-20.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Esgx Fund Transferred Ministry Billion Phase Funds Kasem Baht Investment Thai

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-15 @ 04:00:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 454 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 27009505

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Official Website: bangkokpost.com

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Year Established: 1946

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News Last Updated: 8 hours ago

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Publisher ID: #66

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