Traders in Thailand suffer further setback
NEWS
While traders may have largely anticipated the measure, called the Foreign Business Act, and already factored in its possible effects, the rule is expected to discourage further inward investment. Richard Yetsenga, FX strategist at HSBC in Hong Kong, said: "The measure is a continuation of the existing trend. The Thai government seems to be doing its best to discourage foreign investment. It makes Thailand less open to global capital."
Ashley Davis, strategist at UBS in Singapore, said: "The
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