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Feb 25
2008
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Buy Into Property FundsPosted by admin in Untagged |
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Stockbrokers recommend investors buy into
Thailand and Koh Samui property
funds prior to the widely expected government announcement that capital control
measures will be scrapped.The stock market is
expected to react optimistically to the removal of capital control but negatively if the measures
remain, experts said. Stockbrokers believe it is likely that authorities will
remove the 30-per-cent withholding Act that was implemented on December, 2006.
The Bank of Thailand and Finance Ministry are due to discuss whether the Act
should be discarded in order to regain the confidence of foreign investors, although
it may be likely that the power that be
introduce new measures to deal with with the consequences of the removal.





