KCN 0.00% 41.0¢ kingsgate consolidated limited.

great news hot off the press

  1. 521 Posts.
    (BangkokPost.com) - Central bank on Friday decided to remove the 30% reserve requirement on short-term capital inflows imposed by the previous government.

    Central bank governor Tarisa Watanagase said that the lift will be effective from Monday.

    "The central bank decided to lift the capital controls because of the improving economic situation," she said.

    The controls were imposed during the Surayud Chulanont administration in an attempt to control the appreciation of the baht against the dollar.

    The controls required 30% of all incoming investments to be held by financial institutions for up to one year.

    Feb 29, 2008



    The new government is definitely starting to move in the right direction now and quickly!!! Last stop, all aboard, the train is leaving soon!!!

 
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