Markets
Further delay to 3G licences in Thailand
The Thai government is planning to renegotiate telecoms concessions signed under previous administrations in a move that could further delay the country’s long-anticipated auction of third generation mobile phone licences.
“We have a legacy of different concessions being given by different state agencies to different people on different terms,” Korn Chatikavanij, the finance minister, told the Financial Times in an interview. “We want to provide a standardisation so that free and fair competition could exist and the private sector could have a greater level of confidence to make the kind of investments we want to see.”
The granting of Thailand’s original telecoms concessions under previous governments was fraught with accusations of undue political influence being wielded.
via FT.com / Telecoms – Further delay to 3G licences in Thailand.
Markets
Thai Mango growers complain of low prices and fewer exports
Because of the global COVID-19 pandemic, their mangoes are not being exported, due to fewer buyers, and their prices have plunged to between 10 and 20 baht per kilogram, depending on size.
Mango orchard owners in Thailand’s northern province of Phitsanuloke are seeking help from the provincial administration to promote the sale of their sweet fruit, particularly Barracuda Mango variety.
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Investment
Foreigners’ Participation in Thai Listed Companies explained
Special vehicles have been created to facilitate foreign investors so that they are able to invest in Thai
securities flexibly and conveniently.
Similar to foreign business laws existing in most Asian countries, Thai laws have imposed restrictions on foreign ownership of Thai companies.
(more…)
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