No tobin tax though capital control scrapped : MOF

He said the ministry and the Bank of Thailand will on tomorrow would discuss on whether Thailand would cancel the 30-per-cent witholding measure. If done, he said there would be contingent measures to cope with all consequences.

He suggested the central bank to cut policy interest rate further to reduce gap between Thailand and overseas market to prevent too much capital inflows.

The government, he suggested, should introduce some measures to help savers particular state officials and retirees who would suffer from low interest rates.

In addition, the government should have measures to help exporters on the impact of the potential baht appreciation. He said the baht appreciation so far has not been caused by speculative capital inflows but from high current account surplus. Thus, there should be ways to shift funds to invest in overseas in order to reduce pressure on the Thai currency. - The Nation

Wichit Chaitrong