BANGKOK (Thomson Financial) – Thailand further relaxed its foreign currency controls, making it easier for individuals and corporations to invest overseas, the central bank said Tuesday. Thai subsidiaries can also invest or lend up to 100 million dollars to parent companies overseas, the Bank of Thailand said. The central bank also relaxed rules for companies and individuals buying property overseas, allowing real estate investments of up to 5 million dollars, up from 1 million dollars. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News. The content on this site, including news, quotes, data and other information, is provided by AFX News and its third party content providers for your personal information only, and neither AFX News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. read more
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