Thai government won’t use tax measures to curb strong baht | Bangkok Post: breakingnews

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Govt won’t use tax to curb strong baht

The government has no plan to use measures to control foreign direct investment (FDI) inflow and outflow to curb the persistent baht appreciation, Finance Minister Kittiratt Na-Ranong said on Wednesday.

Mr Kittiratt spoke to reporters after meeting with a committee formed to help small and medium enterprises (SMEs) affected by the 300-baht daily miniumum wage.

He said Prime Minister Yingluck Shinawatra and all panel members were concerned about the strengthening baht, which is hurting the export sector, and wanted to see a stable currency.

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Your comments

  • g.manont

    ThailandPost : 209

    Send message

    Discussion 1 : 30 Jan 2013 at 18.041

    .

    First ; the influx of $ was the cause.

    And the reason why it happens ?... because of the weak market here, easy to manipulate. So no matter what the gov. put up a fight, you always loose one way or the other.

    Find a way to capitalise on the phenom is the better way.


    .

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