Prime Minister Surayud Chulanont said in a speech Wednesday that the government was seeking to create a level playing field in the adjusting of the foreign business law. He said the law would not affect existing foreign companies in manufacturing industries, export businesses, BOI-promoted industries or those businesses not listed under the Act. Surayud also emphasized that amending the foreign business law represented legal and technical adjustments rather than any fundamental change in the overall economic strategy. On the subject of capital controls, he said that despite upward pressure on the baht, the government would implement an expansionary fiscal policy to achieve growth of 4 percent to 5 percent.
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View Surayud's Full Speech