Business
Thai Junta tries to boost governance in state firms

Thailand is seeking to set up an investment holding company next year for government shareholdings, part of a wider effort to improve the performance of state-controlled enterprises.
A law to boost the governance of such firms and enable the creation of the holding company may be enacted by March, according to Ekniti Nitithanprapas, the director general of the State Enterprise Policy Office.
“We’d like the holding company to work in an efficient way like Temasek or Khazanah,” Ekniti said in an interview in Bangkok on Wednesday, referring respectively to Singapore’s state-owned investment firm Temasek Holdings Pte and Malaysia’s sovereign fund Khazanah Nasional Bhd.
State enterprises are planning 446 billion baht ($12.5 billion) of investment in 2017, according to the policy office. That’s equivalent to about 3 percent of Thailand’s gross domestic product, underlining the importance of ensuring the companies are managed well.
The new law is supposed to create a policy committee and a master plan for the sector, as well as boost transparency, formalize the way directors are appointed and evaluate corporate performance.
“This reform is crucial for long-term economic development,” said Santitarn Sathirathai, head of emerging Asia economics at Credit Suisse Group AG in Singapore.
“Ministries are in charge of state enterprises and often wear too many hats as shareholders, rule setters and referees, which sometimes breeds conflict of interest and inefficiencies.”
DEALSTREETASIA Pte. Ltd. is a news and intelligence platform providing international and regional investors insight into some of Asia’s most opaque markets. Our financial news site www.dealstreetasia.com reports on investments, mergers, acquisitions, private equity, venture capital, investment banking and the business of startups across the Asian region.
Read more at: http://www.dealstreetasia.com/about-us/
Business
Online intellectual property dispute platform to go live next year
The online dispute settlement platform for intellectual property cases will assist with cases related to copyright, patents, and trademark infringements using digital technology.
Business
Thailand pushes for “Ease of Doing Business” reforms
Thailand is in the process of responding to the World Bank’s advice and the “Ten for Ten” proposal by five ambassadors to Thailand, according to Deputy Prime Minister and Minister of Energy Supattanapong Punmeechaow.

The government has made improving the business environment in Thailand a key policy by setting a goal to raise the ranking of the ease of doing business to be among the top 20 countries in the world.
(more…)Business
Thailand remains in pole position for the highest funds raised across Southeast Asia
Taking the top two spots on the region’s leaderboard this year are Thailand’s Central Retail Corporation Public Company Limited and SCG Packaging Public Company Limited with US$1.77 billion and US$ 1.27 billion funds raised respectively

THAILAND, 26 November 2020 — Capital markets across Southeast Asia stayed resilient in 2020 despite a host of uncertainties from the evolving global health crisis to the worsening US-China trade tensions and the impact of the US presidential elections.
(more…)-
Economics1 week ago
96% of Foreign Investors still confident in Thailand says BOI
-
National2 days ago
Thai cabinet allows illegal migrant workers to sign up for 2-year work permit
-
Investment5 days ago
Thailand Saw $1.7 billion Applications in Bio-Circular-Green (BCG) Investments in 2020, BOI Says
-
Tourism2 days ago
Thai Government imposes ban on gatherings over New Year 2021 holidays