BoT: Foreign capital inflows still at normal rate

BANGKOK, June 19 (TNA) -- Foreign capital flowing into Thailand at present is still normal, with most invested in the equities market, according to Bank of Thailand (BoT) assistant governor Suchada Kirakul.

Ms Suchada noted that large foreign capital inflows into Thailand, especially in the past three days into the Thai stock market, resulted from uncertainty in the global market, public debt problems faced by some European countries, worries over US economic problems and from the strict supervision by some Asian governments over foreign capital inflows into their countries.

She said so far there were neither abnormal signs nor speculation on the foreign capital inflows into Thailand after several Asian countries such as Indonesia issued a stern order that foreign inflows into its stock market must stay there at least one month.

The BoT felt that such measures are still unnecessary while it is closely monitoring inflows and outflows, said Ms Suchada. More foreign capital inflows are expected to enter Thailand as many believe that Thai economy would continue to improve.

The Stock Exchange of Thailand index on Friday closed at 791.85 points, up 2.9 per cent from a week ago. (TNA)