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Thailand 3G auction may be delayed again

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Thailand’s auction of third-generation mobile phone licences could be delayed yet again by at least one month from next February, a regulatory official said on Thursday, citing the need to clarify legal issues. Telecom share prices fell on news of this latest delay and at least one broker downgraded the sector.

“It’s possible that the auction will be delayed from what we expected, February,” Settaporn Kusripitak, one of the members of the National Telecommunication Commission (NTC), told reporters.

Settaporn said the NTC would send a letter to the Council of State next week to ask whether the NTC had the authority to hold the auction after questions raised by politicians and state telecom companies.

3G auction in Thailand is still facing serious hurdles

3G auction in Thailand is still facing serious hurdles

The selection of four new NTC members after recent resignations was another problem, he added.

Licensing is seen as a key step in reforming the $4.7 billion sector because companies will pay licence fees instead of giving a portion of their revenue to state-owned firms for the right to operate networks they built themselves, as is the case now.

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Thailand has been struggling with telecoms deregulation since before the 1997-1998 Asian economic crisis.

via UPDATE 1-Thai 3G auction may be delayed yet again -regulator | Reuters.

Environment

Asian cities most threatened by environmental risk

According to the first instalment of [email protected] series, which ranks the world’s 576 largest urban centres on their exposure to a range of environmental and climate-related threats, 99 of the world’s 100 riskiest cities are in Asia, including 37 in China and 43 in India.

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Companies operating and investing in Asian cities are going to face an increasingly stiff test to their resilience.

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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.

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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.

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