THAILAND LIFTS QUOTA LIMITS ON OFFSHORE INVESTMENT

BANGKOK - Effective June 27, the Bank of Thailand (BOT) has repealed the maximum amount (the offshore investment quota) generally allowed for portfolio investment by both Thai institutional and non-institutional investors. The main purpose of the repeal is to increase the flexibility and capacity of diversification of investments for Thai investors. Lawyers Baker & McKenzie say Thai investors can now invest in certain offshore instruments and derivatives without being subject to an umbrella maximum amount of US$50 million previously set by the BOT.