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BANGKOK — Thailand's Ministry of Finance plans to propose resurrecting a withholding tax on foreign investors on the interest and capital gains made from their investment in the local bond market as part of a package of measures to curb the baht's rapid appreciation, Deputy Finance Minister Pradit Phataraprasit said Monday.

Thailand Considers Foreign Investor Tax 2010

Finance Minister Korn Chatikavanij said Thursday he will meet with Bank of Thailand's new governor Prasarn Trairatvorakul this week to discuss the baht's appreciation.

Easy Money Churns Emerging Markets Alex Frangos 2010

However, he said there is no need for the central bank to fight the trend and that there is no evidence of any "hot money" behind the baht's recent strength.

Thai Finance Minister: Dollar to Keep Falling in Long-Term James Hookway 2011

He said Thai exporters have been extremely resilient to the baht's strength, though they need any appreciation to be gradual.

Thai Finance Minister: Dollar to Keep Falling in Long-Term James Hookway 2011

Despite the moves, however, tensions in Thailand over the currency have risen, along with the baht's value.

Easy Money Churns Emerging Markets Alex Frangos 2010

As most economists expected, it held its benchmark interest rate steady, pausing in its rate normalization efforts amid increasing worries over the baht's strength, but said the rate cycle remains on an uptrend.

China's Move May Push Capital Controls in Asia Michael S. Arnold 2010

BANGKOK -- The Bank of Thailand has intervened in the foreign exchange market "at times" to curb the baht's rise, but such moves have only been to try and limit short-term volatility, Gov.

Thailand Intervenes to Curb Baht Phisanu Phromchanya 2011

"The main risk factor for exports for the rest of this year is the baht's strength, so I would like to ask the central bank to stabilize the currency," Ms. Porntiva said, adding that the local unit could appreciate to 30 against the dollar this year.

Thai Commerce Minister Urges Baht Action 2010

The minister's comments come despite repeated assurances from the Bank of Thailand that the baht's ongoing strength wasn't having an impact on exports, and that exporters were now better prepared to cope using various tools, including hedging.

Thai Commerce Minister Urges Baht Action 2010

Thailand's central bank has no immediate plans to impose measures to curb the baht's rise against the dollar, Bank of Thailand Governor Tarisa Watanagase said Wednesday.

Singapore Considers Intervening 2010