Thai central bank plans entry into foreign stocks

Thailand’s central bank is set to invest 3-4% – and possibly more – of its reserves in international stock markets, following a law change ratified by the government on Tuesday.  The Bank of Thailand has initially proposed that it be allowed to allocate up to 4% ($6.8 billion) of its $170 billion in reserves into foreign equities. However, a spokesman for the bank told AsianInvestor it may recommend a higher allocation once parliamentary approval has been granted. No timescale has…