and Exchange Commission No. So alternative assets, such as REITs/infrastructure funds/ property funds/ private equity/ commodity indices/ gold/crude oil, at an average of not less than 80% of NAV in an

pressure on both economic stability and economic expansion, as the country is sensitive to the price of oil. Looking forward to 2005, considerable concern has followed the increase in price of US crude oil

. Equity Market Outlook 2008 The Thai stock market is expected to be volatile in 2008. Risk factors include concerns over stability of the new government, the world's higher crude oil price due to increasing

achieved continual growth despite the emergence and persistence of multiple risk factors such as higher oil prices, global economic slowdown especially in trade alliance countries, exchange rate volatility

● Development of Debt Instrument Secondary Market Expansion of Investor Base and Distribution Channels for Investors and Promotion of Investment Culture ● Additional Mutual Fund Management Licenses in the Thai

Expansion of Investor Base and Distribution Channels Coupled with Promotion of Investment Culture ■ Additional Mutual Fund Management Licenses to Promote Professional Management in the Thai Capital Market

Ministry of Energy in oil and gas major PTT, the largest listed company. It has issued guidelines on corporate governance and related areas for SOEs. The Federation of Accounting Professions (FAP) is the