Thailand relaxes overseas investment rules

seal-of-the-bank-of-thailand

The Bank of Thailand relaxed regulations on overseas investment on Wednesday to limit the appreciation of its currency, which is hampering the country’s exporters.

The central bank said that corporations with assets of at least Bt5 billion ($147.2m) and whose principal business is in manufacturing, trading or services, can invest up to $50m in foreign securities. There are about 503 firms that meet these criteria. Those companies who would like to invest more than the stated threshold need to as

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