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Opinion
Shuli Ren

Thailand’s No Beach Party for Investors

With an aging population and two lost decades in the stock market, the nation looks to have acquired a dose of the Japan blues.

It's a haven, but not for overseas capital.

It's a haven, but not for overseas capital.

Photographer: Pornchai Kittiwongsakul/AFP/Getty Images

Bangkok may be among the world’s top 10 tourism destinations, but for overseas investors it’s about as popular as a beach holiday in the Arctic.

Foreigners sold a net $8.7 billion or so of Thai stocks this year, the most since data began in the late 1990s.