Stock investment to be exempted : Pridiyathorn
Finance Minister Pridiyathorn Devakula said Tuesday the central bank would exclude inflows into the stock market from the Bank of Thailand's drastic measure of 30 per cent reserve withholding requirement.
After an urgent meeting in the evening among Finance Ministry, Stock Exchange of Thailand, the Securities and Exchange Commission, and Bank of Thailand, the Thai authorities agreed that the earlier measure is too harsh.
Pridiyathorn said they agreed to exclude inflows for stock investment from the harsh measure.
He announced the review of the central bank measure at 7.45pm Tuesday.
Business Reporters
The Nation
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