tag:blogger.com,1999:blog-18183714.post116650982228306747..comments2024-03-08T20:25:35.963+08:00Comments on Malaysia-Finance Blogspot: SalvadorDalihttp://www.blogger.com/profile/06868577716920232901noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-18183714.post-1166538809264570632006-12-19T22:33:00.000+08:002006-12-19T22:33:00.000+08:00First, they made a good step to curb speculation. ...First, they made a good step to curb speculation. But now, they are giving in to speculation. Are they telling the whole world that the problem is there and they are helpless in tackling it?sopskysalathttps://www.blogger.com/profile/18397095388809196477noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-1166537719547950442006-12-19T22:15:00.000+08:002006-12-19T22:15:00.000+08:00Dec. 19 (Bloomberg) -- Thailand will lift currency...Dec. 19 (Bloomberg) -- Thailand will lift currency controls imposed on international investors in the stock market after the benchmark index plunged the most in 16 years today, the head of the country's stock exchange said. <BR/><BR/>The government agreed to remove a requirement that banks lock up 30 percent of new foreign-currency deposits for a year, Patareeya Benjapolchai, president of the Stock Exchange of Thailand, told reporters after meeting with Finance Ministry and Bank of Thailand officials. <BR/><BR/>Thailand's SET Index tumbled 15 percent to its lowest since Oct. 29, 2004, after the central bank said overseas investors must pay a 10 percent penalty unless they keep funds in the country for a year. The index sank 108.41 to 622.14. <BR/><BR/>International investors sold 25.1 billion baht ($699 million) more Thai stocks than they bought in today's trading, their largest net sales since at least Jan. 4, 1999, according to data compiled by Bloomberg. <BR/><BR/>The steps triggered declines in other emerging stock markets as the currency controls highlighted the risks of investing in developing economies. Morgan Stanley Capital International's Emerging Markets Index fell 12.14, or 1.4 percent, to 883.18 as of 8:25 p.m. in Bangkok. <BR/><BR/>Last Updated: December 19, 2006 08:30 EST <BR/><BR/>------------------------------------<BR/>Are they kidding us?sopskysalathttps://www.blogger.com/profile/18397095388809196477noreply@blogger.com