Asian stock exchange aims to tie down investors
Far-reaching tax breaks have been introduced by Thailand's stock exchange to stem an exodus of foreign investors from the country.
Thailand’s move comes as foreign investors have pulled about £667m from the stock exchange this year despite the country’s recent economic recovery.
Tax incentives for long-term investors and companies looking to list and a new alternative investment market are aimed at dragging the Thai exchange from its position as third worst performer in the FTSE index.
Relaxed listing rules will allow companies emerging from corporate restructuring on to the market and expand the range of listed companies.