B1bn mutual fund planned to support social enterprises | Bangkok Post: business

Business > News

B1bn mutual fund planned to support social enterprises

  • Published: | Viewed: 991 | Comments: 0
  • Newspaper section: Business
- +

The Thai Social Enterprise Office (TSEO) plans to create a 1-billion-baht fund to mobilise money from the public to finance operations of social entrepreneurs. 

The fund offering will have to be approved by the Finance Ministry and stock exchange regulators, TSEO director Nuttaphong Jaruwannaphong said on the sidelines of a seminar entitled "Developing a Better Policy Context for Social Enterprises in Asia and Europ", hosted by the Asia-Europe Foundation and the British Council in Berlin.

The TSEO is an indepedent body set up in 2011. A social enterprise is a for-profit or non-profit organisation that applies commercial strategies to generate profits in addressing social problems rather than maximising profits to shareholders. Thailand is in a fledgling stage of social enterprise development, with 70 companies registered with the TSEO.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments