Deputy Prime Minister and Finance Minister Pridiyathorn Devakula quits (Yeah!!)



This is the guy who started:
…the Finance Ministry’s tough capital inflow control measures implemented in a bid to stem the appreciation of the baht, which led to a 15 per cent crash in the stock market crash in December.
And to top that..
Next came the government’s proposed changes to the Foreign Business Act, a move many said spelt doom for the country’s property industry. That..aimed to halt the longstanding practice of foreign companies using nominally Thai-owned firms to comply with the law. If the proposed amendments become law, a company would now be considered foreign if offshore investors hold more than 50% of either shares or voting rights. (thailand property guide)
Good riddance!! Beat it!! Don’t come back!!


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