Even by the standards of Thailand's notoriously fickle political environment, the past six months have been tumultuous for investors. First came the military coup that removed caretaker Prime Minister Thaksin Shinawatra and his Thai Rak Thai Party from power and paved the way for an interim administration under the leadership of Surayud Chulanont. Then came the introduction of capital controls that aimed to curb currency speculation, but that sent the stock market tumbling. Finally, in January, the government announced that it would overhaul the Foreign Business Act, raising fears that some foreign-controlled companies might be forced to sell down their shareholdings.
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