Thread: Pro-Thaksin Party Looks to Abolish Capital-Inflow Controls in Thailand

Pro-Thaksin Party Looks to Abolish Capital-Inflow Controls in Thailand
DOW JONES NEWSWIRES
December 24, 2007 6:38 a.m.

BANGKOK -- Thailand's People Power Party, which won the most seats in national elections, will abolish the controls on short-term capital inflows if it forms a new government, the party's secretary-general Surapong Suebwonglee said Monday.

snip

online.wsj.com

kinda premature, eh?

Why would they give up their secrets so soon, before the election commission even begins shaving their lead? Bet they suck at poker.

maybe there's some capital that needs to get into the country ?

Ahh! But as I recall, anything over $18,000 must sit in a non-interest bearing account for one year.

Well, Thakin will curry favor with the foreign capitalists if he does this, which will increase capital flow and inward investment.

He's not so dumb....

I think they need it NOW.

"Kuhn Banhard, will you take a check?"