Wed, July 18, 2007 : Last updated 21:49 pm
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Outbound investment rules to be eased
Bank of Thailand will ease rules to allow listed companies to invest an unlimited amount overseas, in the latest measure to stem the baht appreciation.
Tarisa
Bank of Thailand Governor Tarisa Watanagase said in the joint press conference with Finance Minister Chalongphob Sussangkarn that there would be no longer limit on portfolio and direct investment by listed companies.
Meanwhile, Chalongphob said there would be no more measure to stem the baht, especially the measures which could shock the market.
In this regard, there are no plans to introduce a capital gains tax on investment in the local stock market, he said.
Wichit Chaitrong
The Nation
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