The Bank of Thailand is preparing to allow listed companies the ability to freely invest abroad, says Suthasinee Nimitkul, director of the central bank's Foreign Exchange Administration and Policy Department.
Previously, only companies with assets of at least 5 billion baht were given leeway to invest abroad.
The central bank is also considering lifting restrictions on foreign portfolio investment by institutional and individual investors. Institutional investors are restricted to foreign portfolio investment of US$50 million, with individual investors limited to $20 million.
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