Another broker with a joint venture securities firm said stock trading activities were unusually high yesterday, pointing to massive speculative transactions.
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The protests were spearheaded by ATTAC, a French-based group that champions a tax on speculative transactions to raise billions for poor countries.
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The protests will be spearheaded by ATTAC, a French-based group that champions a tax on speculative transactions to raise billions for poor countries.
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The protests were to be spearheaded by ATTAC, a French-based group that champions a tax on speculative transactions to raise billions for poor countries.
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BOT Governor Chaiyawat Wibulsawasdi said the central bank is closely monitoring Thai companies which have bought dollars heavily in an effort to foil speculative transactions.
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He said most investors in the local market would continue to make speculative transactions because there were no policy certainties to help create their investment strategies.
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Speculative transactions such as rupiah hedging, bank loans and financial instruments, rather than actual rupiah deposits exchanged at fixed CBS rates and so forth should be strictly excluded from any CBS facilities.
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A number of corporations have lost money from speculative transactions with Bankers Trust, most notably Procter & Gamble Co ., which is suing the bank to nullify its $ 150 million loss.
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A number of corporations have lost money from speculative transactions with Bankers Trust, most notably Procter & AMP; Gamble Co ., which is suing the bank to nullify its $ 150 million loss.
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A Bank of Thailand source said the establishment of a currency board system was likely to help put a floor on the baht, but it would come at a high price, as short-term interest rates would have to be kept high to fend off speculative transactions.
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