For investors in Thailand, it’s clearly unclear

For investors in Thailand, it’s clearly unclear - Reuters, January 28, 2007
...But Krikkrai only managed to sow more confusion, flying in the face of his boss and revealing the government would continue to allow informal ways to skirt laws that bar non-Thais from owning more than 49 percent of companies in protected sectors.
"If you would like to hold more than 49.99, you still can do," he said. "The provision of the law says the Minister of Commerce, with the permission of the cabinet, can allow even up to 70 percent of foreign equity participation."
Quite what he was talking about, nobody knew.
"It was a good opportunity to clarify the government’s position but everybody left the room just as confused," said one Western diplomat...
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