Central Bank To Relax Rules On Foreign Loans For Real Investment

[george]

Central bank to relax rules on foreign loans for real investment

BANGKOK: -- The Bank of Thailand (BOT) will soon relax its draconian withholding measure for companies in Thailand that borrow foreign loans to finance their investment, said governor Tarisa Watanagase.

Some criteria would be applied to identify foreign borrowing for investment, including companies' hedging for currency risk.

She said the central bank is discussing with commercial banks to find ways to distinguish between inflows for the real investment and hot money flocking in for currency speculation. "The method" of bringing in the money is the way to differentiate the purpose of the inflows, she said.

-- The Nation 2007-01-15

[samtam]

oh whatever...

[KireB]

Oh they need money; foreign money!

Very reliable the Thai government these days!

They bend like bamboo!

[basjke]

As I just saw the report on television these rules changes are meant for thai companys to borrow money abroad (better to have a bad loan from abroad then domestic?) and to allow them to invest more overseas.I hope they get the same response as foreign companys get here in thailand.Sorry sir but we will keep 30% of your investment to make sure you wont try to manipulate the euro or british pound and you can have only 49% voting rights on your investment.Please send us your money.

[LaoPo]

Oh they need money; foreign money!

Very reliable the Thai government these days!

They bend like bamboo!

Rubber is more appropriate.....

LaoPo