Public hearing scheduled within Feb
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The Bank of Thailand within this month will welcome opinions on the capital flow master plan, designed to facilitate overseas investment.
Pongpen Ruengvirayudh, assistant governor for Financial Markets Operations Group, said that the opinions would be gathered from all related parties - financial institutions, brokerage houses, importers, exporters, investors and others.
She noted that under the master plan, it would be easier for Thai investors to invest overseas.
In February 2010, the Bank of Thailand lifted the outstanding value of combined overseas investment from US$30 billion to $50 billion. Ease on capital flows is believed to reduce the pressure on the foreign exchange rates.
