Stock Exchange Support building immunity for commercial banks

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The Stock Exchange of Thailand revealed that the Bank of Thailand has asked commercial banks to refrain from making payments. "Interim dividends" and "Suspension of stock repurchases" are measures to enable commercial banks to maintain a strong capital level continuously until a new capital management plan can be made more clearly. It is considered to promote the strength of Thai financial institutions. And it's a good thing for long-term shareholders of commercial banks. This is because commercial banks have sufficient capital. This will provide sufficient liquidity for operations after the situation returns to normal and the economy moves into a full recovery period. It also builds immunity for the banking system to be ready to deal with risks that may occur in the future. This results in confidence in the country's financial system. Help strengthen the Thai capital market. and the overall economy.




Ask investors to consider long-term investing from fundamental factors. Study information and follow the news closely. which from various measures taken during an abnormal situation It can be seen that agencies in both the money and capital market sectors have given importance to maintaining the stability of the system. To reduce the impact that will occur on the Thai economy, including investors, entrepreneurs, and the public.Sornchai Suneta, CFA SCB Telegram Number Data Wealth Chief Investment Officer, Assistant General Manager Executive of Investment Office and Product Function, Wealth Business Group, Siam Commercial Bank, revealed that during the final period for investing in funds to use tax deduction rights in 2023, we recommend investors whose income is subject to taxes to invest in mutual funds to Retirement Fund (RMF), Long-Term Savings Promotion Fund (SSF) and Thai Sustainability Fund (ThaiESG) according to their rights. To reduce taxes according to each individual's tax base.

As for SSF funds, purchases cannot exceed 30% of taxable income per year and a maximum of not more than 200,000 baht when combined with RMF, PVD, GPF, pension life insurance, private school teachers' welfare fund, and the National Security Council. Must not exceed 500,000 baht. There is no minimum purchase amount. And it doesn't have to be continuous every year. But must hold for 10 years from the date of purchase. (One-on-one type)  In addition, ThaiESG funds can invest the purchase amount. Can be deducted not more than 30% of taxable income per year. and up to a maximum of 100,000 baht, not including the 500,000 baht limit from retirement savings funds, including SSF, RMF, PVD, GPF, pensioner life insurance, private school teachers' assistance fund, and the National Security Council. There is no total amount. Minimum purchase And it doesn't have to be continuous every year. You must hold it for 8 years from the date of purchase.