New savings accounts could lift SET to 1,800 (opens original article in a new tab)

Thailand's proposed TISA savings account scheme could boost GDP growth and push the SET index toward 1,800 points if implemented successfully, according to Fetco.

• Thailand's proposed TISA scheme could launch in Q3 or Q4 2023, aiming to boost GDP to 4% and push SET index toward 1,800 points.
• TISA is designed as a permanent program with tax incentives for long-term investments in stocks or mutual funds.
• Fetco's chairman highlights TISA's potential to convert savings into sustained market capital and support 3-4% annual GDP growth through FDI and market reforms.
• SET index recovered to 1,600 points with growing investor interest in Jump Plus and other development projects.