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Oligarchical market control isn't healthy
Oped, Pavida Pananond, Published on 02/12/2022
» On the face of it, the government of Prime Minister Prayut Chan-o-cha seems to be saying the right things about sustainable and inclusive growth. The prime minister himself has been touting a Bio-Circular-Green (BCG) economic model for Thailand, pitching it as the overarching theme of the recently concluded Asia-Pacific Economic Cooperation leaders' meeting. Yet, the political economy hidden underneath Gen Prayut's lofty rhetoric is becoming more short-term and exclusive, allowing wealth to be concentrated in fewer hands, giving a handful of conglomerates oligarchical control over the market.
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Mega-merger risks Thai digital future
Oped, Pavida Pananond, Published on 26/11/2021
» The Charoen Pokphand (CP) Group is on the move again to swell further in size, weight and power over the market. Having recently acquired Tesco's operations when the British retailer sold out and exited Thailand and Malaysia, CP is now aiming to consolidate its grip on the telecommunications industry in a planned merger between its True Corporation and Total Access Communications (DTAC), the local subsidiary of Norway's Telenor. If successful, the merger would reduce Thailand's major telecom players from three to two and further concentrate market dominance over the telecom market to the detriment of consumer choice and welfare.
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