Baht’s strength will not endure forever

Baht's strength will not endure forever - IHT, March 3, 2006
...Another factor possibly fueling the baht's appreciation is Singapore-based Temasek Holdings shifting approximately US$700 million for its tender offer of Shin Corp shares. Analysts have speculated that Temasek is transferring the money this week before the tender offer expires on March 9.
"It is hard to pin the baht strength on the Temasek deal, but there is capital inflow and I think this is more on regional factors," like the BoJ announcement and yuan speculation, said Usara Wilaipitch, senior economist at Standard Chartered (Thailand)...
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