SEC: Raise foreign investment | Bangkok Post: business

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SEC: Raise foreign investment

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The Securities and Exchange Commission (SEC) is seeking the Bank of Thailand's approval to at least double the limit of securities investment abroad from the present US$50 billion. 

The move comes as demand is ramping up at a fast clip after local investors poured more money into foreign bourses and shunned the sagging local stock market pressured by the political strife.   

The securities watchdog has also requested the central bank grant foreign exchange licences to securities companies to beef up their competitiveness.

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