Asset sales support baht and rupiah

Things are looking good for the Thai baht and Indonesian rupiah. Thailand is set to embark on a major privatisation drive, while in Indonesia, the government has, for the first time, seen success in its divestment programme. The momentum created by these factors should pick up in the second half of this year, further strengthening the currencies.

A strong market rally, improving fundamentals and a revival of foreign interest provide a favourable environment for the Thai and Indonesian governments

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