Economy / Thailand
New FM Will Not 'Shock' Investors
March 2007 | Political OutlookThailand's new Finance Minister Chalongphob Sussangkarn has said that, although restrictions on capital movement are still deemed necessary, he would refrain from implementing any surprise measures that could alarm investors. Politics aside, the after-effects of December's capital controls and the subsequent restrictions on foreign ownership rules - both championed by Chalongphob's predecessor, Pridiyathorn Devakula - have rattled consumer and business confidence in the region, which are currently traversing five- and four-month lows, respectively.
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