Govt urged to seek loans from SSO

The Confederation of Thai Labour yesterday urged the government to consider seeking a huge loan from the Social Security Office (SSO) for projects to sustain the country's economy during the ongoing tough times.

"Instead of borrowing Bt70billion from foreign countries, why doesn't the government turn to the SSO?" the confederation's chairman, Manas Kosol said.

Currently, the Social Security Fund - managed by SSO  has accumulated cash of over Bt500billion. This year, SSO is scheduled to invest about Bt150billion of the amount in government bonds, state enterprises and more....