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Democrat Party To Scrap 30% Foreign Reserve Rule

Manchester
Manchester
in Jobs, Economy, Banking, Business, Investments

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The Democrat Party will scrap the Bank of Thailand's 30% reserve requirement on capital inflows and shelve efforts to amend the Foreign Business Act if it forms the next government, according to party leader Abhisit Vejjajiva. Mr Abhisit reassured local and foreign investors at the Thailand Focus 2007 conference that his party was intent on rebuilding market confidence if elected.

Bangkok Post Business section...........today

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