Thai foreign debt rises to record high of US$119 billion in March
The Nation/Asia News NetworkBANGKOK -- Thailand's foreign debt rose to a record high of US$119 billion or 3.6 trillion baht in March, but the Bank of Thailand insists the country's external exposure is balanced by asset holdings.
May 11, 2012, 11:59 am TWN
The central bank's data revealed that the outstanding foreign-currency debt of all sectors, except its own, showed an increase from the previous month. It attributed the increase mainly to burgeoning Thai investment overseas as well as international trade.