ID :
112026
Wed, 03/17/2010 - 09:31
Auther :
Shortlink :
http://m.oananews.org//node/112026
The shortlink copeid
Foreign investors remain confident in Thailand, says BoT
BANGKOK, Mar 17 (TNA) – Bank of Thailand (BoT) Assistant Governor Suchada Kirakul on Monday said that foreign investors remain confident in the overall situation in Thailand after the mass protests by anti-government Red Shirt demonstrators held during the past few days did not turn violent as many feared.
She said that foreign investors felt at ease over the situation as could be witnessed by a continued capital inflow into the stock market and the secondary market.
Commenting on the direction of the movement of the baht , she said the currency had moved slightly in the past week. It had fluctuated in the weekend because uncertainties ran high during the mass rally by the Red Shirt protestors.
However, the baht had now begun to move rather steadily. Last week, she said, commercial banks hedged against foreign exchange risks, but since the political protests did not turn violent as expected, some banks began to lift foreign currency exchange risks.
Under the circumstance, she said, the demand for a dollar sell-off and the baht had risen, resulting in the baht appreciation.
“Given the overall conditions, the political rallies remain normal with a continued foreign capital inflow. It shows the investors remain confident in the investment sentiment in the region. The market is expected to return to normal unless the rallies escalate, she said. (TNA)
She said that foreign investors felt at ease over the situation as could be witnessed by a continued capital inflow into the stock market and the secondary market.
Commenting on the direction of the movement of the baht , she said the currency had moved slightly in the past week. It had fluctuated in the weekend because uncertainties ran high during the mass rally by the Red Shirt protestors.
However, the baht had now begun to move rather steadily. Last week, she said, commercial banks hedged against foreign exchange risks, but since the political protests did not turn violent as expected, some banks began to lift foreign currency exchange risks.
Under the circumstance, she said, the demand for a dollar sell-off and the baht had risen, resulting in the baht appreciation.
“Given the overall conditions, the political rallies remain normal with a continued foreign capital inflow. It shows the investors remain confident in the investment sentiment in the region. The market is expected to return to normal unless the rallies escalate, she said. (TNA)
