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Lack of transparency set to delay Thailand’s 3G auction

Good News ! It looks like Thailand is now well set to have its 3G network working for 2015, when the AEC free trade zone will kick in. Thailand’s 3G magnificent soap opera is still rolling, for the entire benefit of some big fat cats you will never know.

Boris Sullivan

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TRUE truemove 3G

Good News ! It looks like Thailand is now well set to have its 3G network working for 2015, when the AEC free trade zone will kick in. Thailand’s 3G magnificent soap opera is still rolling, for the entire benefit of some big fat cats you will never know.Who cares for transparency anyway ? With 3G granted to state monopoly, private companies will now have to approach TOT and CAT if they want to take part in this new, lucrative market, without clear and transparent rules.

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TRUE truemove 3G

In the end, the botched 3G auction seemed to have been just a convenient, but costly, way to get rid of any private or foreign competitors to enter the game.

TOT Plc may have to postpone its planned auction for its nationwide third-generation 3G wireless broadband expansion in the wake of allegations by some bidders of unfair treatment and poor transparency.

One possible explanation of 3G fiasco may be that Private operators in Thailand currently operate second-generation mobile-phone services under concessions granted by either TOT or CAT Telecom, which require revenue sharing of around 20%-30% with the state companies. With the new 3G concessions, the share would drop to a mere 5%

Chuti Krairiksh, the Information and Communications Technology minister, admitted he could not guarantee that the auction for the project worth almost 20 billion baht could take place on Friday as scheduled.

Ericsson of Sweden and ZTE Corporation of China last week accused the state telecom enterprise of being non-transparent, after TOT announced that the two contenders had been tentatively ruled out after preliminary screening.

In the end, the botched 3G auction seemed to have been just a convenient, but costly, way to get rid of any private or foreign competitors to enter the game.

Business

Thailand Approves Latest Economic Relief Package for Businesses

Some 250 billion baht (US$8 billion) was allocated for soft loans while the remaining 100 billion baht (US$3.2 billion) will go towards an ‘asset warehousing’ program whereby debtors can use their assets as loan collateral but will have the right to redeem their assets under a specific time frame.

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On March 23, 2021, Thailand’s government approved its latest economic relief package, valued at 350 billion baht (US$11.2 billion), to support businesses in the country.

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Thailand BOI approves Biotech Projects Worth 2.4 Bln Baht ($78 million)

The biotechnology sector is part of the so-called BCG model (Bio, Circular and Green economy) which the Thai government has set as a priority to lead the post-Covid 19 recovery.

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The Thailand Board of Investment (BOI) said today it has recently approved new projects in the field of advanced biotechnology, worth a combined 2.4 billion baht (around USD78 million) in investment, reflecting the increased interest of local and foreign investors in the country’s biotech sector.

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Asia-Pacific sees 3.9% growth in deal activity in February 2021

Boris Sullivan

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Chair’s Statement on the Informal ASEAN Ministerial Meeting (IAMM)

The Asia-Pacific (APAC) region saw a 3.9% month-on-month growth in deal activity (mergers & acquisitions, private equity and venture financing deals) from 1,126 deals to 1,170 deals in February 2021, according to GlobalData, a leading data and analytics company.

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