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Thais' vote for new constitution boosts stocks, baht and sovereign bonds

Foreign investors have pumped US$12 billion into Thai stocks and debt this year as Prime Minister Prayuth Chan-Ocha (above) boosted spending and economic growth quickened after languishing below 3 per cent for the three quarters through December.


THAILAND'S vote to back a new constitution in a peaceful referendum did just enough to sustain Asia's best stock market gains of 2016. Few investors heralded the plan as a return to full democracy.

The SET Index rose the most in almost six months on Monday and the baht