Easing political tension attracts foreign funds | Bangkok Post: Most recent

Most Recent >

Baht heads for weekly gain

Easing political tension attracts foreign funds

- +

Thailand's baht was set for its biggest weekly advance in a month and government bonds rose as foreign funds pumped money into local assets on signs the political situation is stabilising. 

Overseas investors have bought a net US$604 million of Thai stocks and $1.1 billion of the country’s debt since the end of February as anti-government protesters removed blockades in Bangkok and authorities lifted an emergency decree.

The baht has rallied in line with regional peers on the back of dollar weakness, Bank of Thailand spokeswoman Roong Mallikamas said yesterday. The currency fell the most in three weeks today as the MSCI Asia Pacific Index of shares slumped.

Keep up-to-date with the latest on coup d'etat with Bangkok Post SMS News. Call *451391000 to subscribe – 39 baht/month (7 days free, available in Thailand only) Bangkok Post SMS News: Deliver only trustworthy news on SMS

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

1 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments