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Search Result for “financial services”

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OPINION

State-owned firm reform: for better or worse

News, Deunden Nikomborirak, Published on 22/11/2017

» A state-owned enterprise is somewhat an anomaly as it is neither public nor private in nature. It is owned by everyone and yet no one. It's raison d'etre is often the delivery of public services and yet most operate commercially. How to deal with state-owned enterprises has been a constant challenge facing many governments.

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OPINION

Quest for impartial regulatory bodies

News, Deunden Nikomborirak, Published on 07/09/2016

» Good governance in public utility administration prescribes that the role of policy-making, regulation and service provision should be clearly delineated. Policy-making should rest with the line ministries, regulatory work with independent agencies and service providers with the private sector. But ministries are often loath to relinquish their regulatory grip over public utility service providers. As a result, the 1997 Constitution of the Kingdom of Thailand mandated an independent regulator to allocate radio spectrum and regulate communication services in Thailand.