Thailand eases hedging and overseas investment rules

Thailand's central bank is seeking to improve hedging flexibility for importers and exporters, while also relaxing overseas investment rules in a bid to stabilise the Thai baht. The move comes after the baht hit its strongest level since mid-2008, slipping below 33 baht to the dollar for several days in January. The loosened rules affect a number of areas, making it easier to win approval for hedging activity and overseas investments, while also encouraging the development of corporate treasu