The cabinet yesterday approved a request by the Interior Ministry to withdraw a controversial bill on land ownership by foreigners, said official spokesman Anucha Burapachaisri.
Due to a chorus of disapproval, the draft was withdrawn to facilitate a comprehensive study and gather public input to ensure the planned amendment would increase competitiveness and provide long-term economic benefits to the country, he said.
The move comes two weeks after the cabinet gave it the nod in the hope it would reinvigorate the economy.
