Anand questions sincerity to fight graft

Former prime minister Anand Panyarachun yesterday questioned the government’s sincerity in tackling corruption following rumours of a deal between the military rulers and the old power clique. He said the people in power should clearly reject the report if it is untrue, as it could damage the government’s credibility. “What I am worried about most […]

Cut PTT profits, spin off pipelines, gas plants: TDRI

The Thailand Development Research Institute yesterday urged a cut in PTT’s profits on natural-gas pipeline transmission and breaking up its monopoly in the lucrative pipeline and gas-separation businesses. TDRI researcher Duenden Nikomborirak said the Energy Regulatory Committee should issue a “third-party access” regulation to allow other companies to use the PTT’s gas-pipeline system and receiving/dispatching […]

TDRI urges gas price overhaul

Price should be based on market, says body The Thailand Development Research Institute (TDRI) has called on the National Council for Peace and Order (NCPO) and concerned agencies to raise the price of natural gas supplied to the petrochemical sector to the same level as other sectors to increase energy efficiency. The price of natural […]

‘Superboard’ to coordinate state units

Private, public sectors represented on new junta-led body to boost efficiency The junta’s new “superboard” overseeing all state enterprises has the stated aim of getting them all moving in the same direction towards strength and efficiency. The superboard was set up on Thursday by the military’s ruling National Council for Peace and Order (NCPO) and […]

Farmers’ aid decision pushed back

A final decision on measures to help farmers has been put off, with the rice-related working panels asking for more time to prepare information. As scheduled, the first meeting of the rice administration and management policy committee yesterday chaired by junta chief Gen Prayuth Chan-ocha was due to give the nod to short-term measures that […]

Short-term rice aid proposed

Phusadee Arunmas  Plan will limit crop production costs Measures to address low paddy prices and spiralling production costs are likely to be finalised tomorrow, but some farmers may feel a bit disappointed as neither cash handouts nor any other sort of compensation will be involved. The meeting between Gen Chatchai Sarikalya, deputy head of economic […]

Industries urge end to price-capping

Phusadee Arunmas  Ceilings ‘warping market mechanisms’ Authorities are being urged to stop asking for cooperation from businesses to cap product prices, as such practices distort market forces. “In the long term, it is imperative to stop capping product prices,” said Pornsil Patcharintanakul, deputy vice-chairman of the Thai Chamber of Commerce (TCC). “State subsidies should be […]

Experts divided over plummeting rice prices

Phusadee Arunmas Thailand set to retain No.1 exporter spot Rice exporters and academics are still divided over ways to raise paddy prices, which have now tumbled to only 7,500 baht per tonne, half of the 15,000 baht offered by the Yingluck Shinawatra government in the controversial rice-pledging scheme. Nipon Puapongsakorn, a distinguished fellow at the […]