Reserve measures are relaxed

The Bank of Thailand will tomorrow relax the capital control measure, whereby Thai companies with less than US$1 million of external debts with over one year of maturity are no longer under control.

They would be waived from the compulsory withholding reserve of 30 per cent and fully hedge requirement.

According to Suchada Kirakul, an assistant governor, this would help lessen impacts on small companies' operating cost.

Enjoying relaxation are also Thai companies of which future foreign income is equivalent to external debts. They could ask for the relaxation on the case by case basis.

Moreover, existing foreign investors of existing property funds would also be waived from the withholding reserve and fully hedge requirement for additional unit trusts to be issued by the same funds.

The relaxation measures will be effective tomorrow when the capital control has been in effect for a year.

- The Nation

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Reserve measures are relaxed

The Bank of Thailand will tomorrow relax the capital control measure, whereby Thai companies with less than US$1 million of external debts with over one year of maturity are no longer under control.

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