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Thailand tightens business rules |
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Wednesday, 10 January 2007 |
Thailand's government on Tuesday went ahead with new rules on business ownership and voting rights for foreign companies operating in the country. The revised rules allow foreign firms two years to reduce their controlling voting rights in Thai-registered companies to less than 50 percent. The move comes as a second blow to foreign investors, who are still reeling from the central bank's decision last month to introduce some controversial capital controls on the baht.
Reuters
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