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THAI BUSINESS GROUPS DISCUSS EFFECT OF SCRAPPED CAPITAL CONTROLS.

AsiaPulse News

| March 03, 2008 | COPYRIGHT 2008 Asia Pulse Pty Ltd. 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

BANGKOK, March 3 Asia Pulse - Three powerful Thai business associations will meet here Monday to discuss the negative effects which could erupt after the Bank of Thailand (BoT) scraps capital controls on foreign inflows. Santi Vilassakdanon, chairman of Federation of Thai Industries (FTI), said board members of FTI, Board of Trade of Thailand and the Thai Bankers' Association will meet Monday on the impact which might occur after the central bank withdraws its 30 per cent rule.

On Friday, the BoT announced the retraction of the foreign capital control measures imposed in December 2006, citing that the country's economy ...

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