Foreign Capital Flowing into Thailand
Foreign capital flow into Thailand at present is running at pre disturbance rates, with most investors choosing the equities market, according to Bank of Thailand (BoT) assistant governor Suchada Kirakul.
Ms. Suchada noted that large foreign capital inflows into Thailand, especially recently into the Thai stock market, resulted from uncertainty in the global market, public debt problems faced by some European countries, worries over US economic problems and from the strict supervision by some Asian governments over foreign capital inflows into their countries.
Given the strength of the Thai baht against most Western currencies and the relative stability of the Thai equity markets, as demonstrated during the recent political upheaval, Thailand can expect to see continuing confidence evidenced by strong equity inflows.
She said so far there were neither abnormal signs nor speculation on the foreign capital inflows into Thailand after several Asian countries imposed severe restrictions on overseas equity investors. She cited Indonesia which recently issued a stern order that foreign inflows into its stock market must stay there at least one month.
The BoT felt that such measures are still unnecessary while it is closely monitoring inflows and outflows, said Ms Suchada. More foreign capital inflows are expected to enter Thailand as many believe that Thai economy will continue to improve.
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