Suchart clarifies the confidence of Sri Panwa reiterates that the Minister of Labor has no right to interfere in the investment portfolio of social security



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Suchart emphasizes that the Minister of Labor has no right to interfere with social security After the social questions Why the Social Security Fund is going to invest in “Trust Sri Panwa”

In the online world, the Social Security Fund is spoken of as the main shareholder of The Sri Panwa Hotel Real Estate Investment Trust or SRIPANWA is

Later on September 22, 63, Mr. Suchart Chomklin, Minister of Labor. Mention this that the power of the Minister of Labor is either new or That old minister has no right to know about investments in the Social Security Fund. Because the money from the social security fund is the insured’s investment.

However, social security. Have an investment committee Also known as the Social Security Board, which is chaired by the Permanent Secretary of the Ministry of Labor, there are employees, employers and the Secretary General of Social Security on this board. In which the ministers are not involved AND have no right to manage the fund

“From consultations to the Permanent Secretary I did not know what investment Because they only approve the investment framework, for example, in what percentage of risky assets can they invest? So I asked to go to the board of the social security fund. And a manager of funds used by social security to administer the fund “

Suchart said initial information was received from the Social Security Secretariat that he had invested in SRIPANWA since 2013 and that the board was established in late 2015, where the investment was made in this Sri Panwa hotel. Invest before the board appears That this investment The Ministry of Labor has no supervisory power. But those who are going to manage the social security investment portfolios is responsible for managing funds. And guarantee and return

However, the big picture of investing in social security You are investing in a very big picture Investing in risky assets does not have a large proportion. Because it has an investment framework But as for checking the numbers roughly You have invested more than 500 million baht in Sri Panwa, but from the date of investment to date, around 200 million returns or profit has been received.

However, the hotel business must be recognized as a business affected by COVID-19. That it is not just Thailand But all over the world As for criticism of the management of the Sri Panwa Hotel It is a matter of personal opinion, it is your right and your freedom. And not related to any investment

“The Minister of Labor has no duties or powers. Order the Social Security Fund to invest in various assets for violating regulations” Mr. Suchart concluded.

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