Thai regulator raises foreign share cap to 49%
Thailand's insurance regulator, The Office of the Insurance Commission, has agreed to raise the foreign shareholding limit in the country's insurance companies from 25% to 49% in a bid to liberalise the market.
According to the Bangkok Post, secretary-general Pravej Ongartsittigul said the liberalisation would be similar to that of the securities industry, which made the move in three phases to allow for
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