Move is to reduce upward pressure on strong baht.

(BANGKOK) The Bank of Thailand relaxed capital controls further yesterday, saying it will allow greater foreign currency holdings and encourage capital outflows, its latest bid to reduce the upward pressure on a strong baht.

One of the relaxations was scrapping the US$100 million limit on overseas investments by Thai listed companies to provide more flexibility, assistant governor Suchada Kirakul told reporters. The limit parent companies can invest in overseas subsidiaries or lend to related firms overseas was doubled to US$100 million from US$50 million, Ms Suchada said.

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Low interest rates fuel demand for houses; flats suffer from supply glut.

(BANGKOK) For those looking to invest in Thai construction, housebuilders look a better bet than companies putting up high-rise condominiums.

Attractive: Analysts believe that low mortgage rates will spur middle-income buyers of homes

Housebuilders like Land & House and Preuksa Real Estate are set to benefit next year as low interest rates fuel demand, while condo builders suffer from a glut of high-rise residential buildings.

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