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New framework will reflect rise in foreign capital flows.

Bangkok Post (Bangkok, Thailand)

| November 02, 2005 | COPYRIGHT 2005 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Parista Yuthamanop

Nov. 2--The Finance Ministry is drafting a financial market framework to ensure Thailand can cope with the volatility of rising foreign capital flows.

Finance Minister Thanong Bidaya said the study would look at how the financial market will develop over 10-15 years.

Prime Minister Thaksin Shinawatra recently directed cabinet ministers to draft new plans in light of growing liberalisation and globalisation in the areas of finance, trade, technology and human resources.

"Asian countries have become creditor countries. Asia has a high accumulation of foreign reserves, but the funds have reversed to New York in ...

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