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BUSINESS

GPF pads foreign limit

Business, Darana Chudasri, Published on 19/11/2013

» The Government Pension Fund (GPF), which manages government officers' pension money, will expand the foreign investment limit to 30% next year, with the figure rising to 40% in 2015 in order to diversify risks and returns to prepare for Thailand's ageing society.

BUSINESS

Erawan dips toe in budget hotel pool

Business, Darana Chudasri, Published on 19/11/2013

» Erawan Group, a SET-listed hotel developer, plans to open 11 new budget hotels and a mid-scale option this year as part of its move into the budget hotel segment.