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19 Dec 06 23:28
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Finance Ministry lifts controls on stock market inflows
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TNA
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BANGKOK, Dec 20 - Pressed by strong criticism over a mandatory reserve on short-term capital inflows that caused an unexpected plunge in the Stock Exchange of Thailand composite index on Tuesday, the Finance Ministry has agreed to ease the measure by lifting the withholding of a 30 per cent portion of foreign currencies bought or exchanged for investment in SET and direct investment.
Speaking after a meeting with top officials of the Bank of Thailand, Securities and Exchange Commission,...
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