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Privatisation process set to be refined.

Bangkok Post (Bangkok, Thailand)

| December 01, 2005 | COPYRIGHT 2005 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Wichit Chantanusornsiri

Dec. 1--The Finance Ministry plans to amend the corporatisation law next year to refine the privatisation process for state enterprises.

Areepong Bhoocha-oom, the deputy director-general of the State Enterprise Policy Office, said changes would be aimed at clarifying various issues involved in privatisation.

For instance, agencies that have monopoly power as a result of their status as a state enterprise could be forced to transfer that authority to a state regulator prior to privatisation.

The law could also be amended to clearly stipulate that public assets would have to be returned to the government by ...

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