Connect with us

Economics

Further 3G delays likely in Thailand as NTC member under investigation

Avatar

Published

on

TRUE truemove 3G

The Bureau of Royal Household has returned for further review the names of the four new members of the seven-member National Telecommunications Commission (NTC) board to the Cabinet Secretariat.

Loading...

The review is to double-check the qualifications of the nominees before seeking royal endorsement. Col Natee Sukolrat, one of the nominees, is currently under investigation by the National Anti-Corruption Commission.

The move by the Royal Household is sure to further delay the planned auction of third-generation (3G) licences in the 2.1GHz spectrum expected in the second quarter of this year.

A source said the Royal Household Bureau refused to forward the names of the four new members earlier appointed by the Senate to the King for endorsement after a former executive of CAT Telecom, Thamnoon Julamaneechoti, submitted a petition to the Administrative Court and the Royal Household Bureau against the nominees because of the NACC investigation.

Mr Thamnoon first petitioned the Administrative Court to suspend the Senate's NTC appointments. But the court rejected that petition, leading him to the Royal Household.

Thailand faces new delay for 3G auction, unlikely for 2010

Advanced Info Service chief executive Wichien Mektrakarn said he believed the 3G licence auction would be delayed for at least two years because it is unclear how long it will take for the new NTC board to resume work. In the meantime, the current board is unlikely to move forward with an auction.

via Further 3G delays likely.

Investment

Thailand Q1 Investment Applications Soar 80% as FDI More Than Double says BOI

The top three source countries of FDI applications during the first quarter were South Korea, China, and Singapore, with similar levels of investment. Korean investment soared due to a large-scale joint venture in the medical sector, Ms Duangjai said.

Pr News and BOI

Published

on

The Thailand Board of Investment (BOI) said today that in the first quarter of 2021, investment applications rose 80% from the year earlier period to a total value of 123.4 billion baht (USD3.9 billion), led by projects in the medical and electric and electronics (E&E) sectors, as foreign direct investment (FDI) applications more than doubled.

Loading...
(more…)

Continue Reading

Economics

Finance Ministry Reduces 2021 Growth Forecast to 2.3%

Fiscal Policy Office (FPO) Director-General Kulaya Tantitemit said the ministry slashed its forecast for the number of foreign tourists to only 2 million this year from 5 million it had predicted three months ago.

National News Bureau of Thailand

Published

on

Export growth better-than-expected in December 2020. However, amid the second wave of COVID-19 infections, exports could fall below previously forecasted levels in 2021.

BANGKOK (NNT) – The Finance Ministry has reduced its 2021 economic growth forecast for a second time to 2.3% from 2.8% growth, after a third wave of coronavirus infections struck Thailand this month.

Loading...
(more…)

Continue Reading

Economics

Developing Asia growth set to rebound to 7.3% in 2021 (ADB)

Thailand slow vaccination progress coupled with a surge of infections has prompted Kasikorn Research Centre to lower its growth projection for the Thai economy this year from 2.6 percent to 1.8 percent. However, ADB’s forecast for Thailand growth in 2021 remains set at 3% (and 4.5% in 2022).

Olivier Languepin and Asian Development Bank

Published

on

MANILA, PHILIPPINES (28 April 2021) — Economic growth in developing Asia is set to rebound to 7.3% this year, supported by a healthy global recovery and early progress on coronavirus disease (COVID-19) vaccines, according to a new report from the Asian Development Bank (ADB).

Loading...
(more…)

Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 14,066 other subscribers

Latest

Trending