Abstracts » Business

Turbulent times for Thais

Article Abstract:

The mutual fund management companies sector in Thailand gas seen its assets under management decline by 30% from 217 billion baht at the end of 1996 to 167.5 billion baht at the end of Jun 1997. Some of the Thai mutual fund management companies have gone out of business as they have fallen below the 50 million baht threshold. Despite the decline in assets, more mutual fund management companies are going into business in Thailand.

Thailand

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Offshore opportunities

Article Abstract:

The Philippines' Congress voted to allow the country's Social Security System (SSS), the pension fund for private-sector workers, to make offshore investments. SS Assistant VP-Investments Virginia Flor believes it is a positive move as the SSS has failed to meet its projected minimum return of 12% due to the economic troubles that are widespread across Asia that have adversely affected the Philippines' stock market.

Economic aspects

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Investors look offshore for performance

Article Abstract:

Managed institutional funds in the Philippines are attracting Ps5 billion ($180 million) per month, and their assets now total an estimated Ps622.6 billion ($23.2 billion). In addition to public and private pension funds, major institutional investors in the Philippines include the Government Services Insurance System and the Social Security System

Pension, health, and welfare funds, Pension Funds, Private Pension Funds, Public Empl Pension Funds, Institutional investments, Public employee pension funds

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