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slimdog

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  1. iTV's must pay fines, fees by Mar. 6 to retain concession

    iTV Plc will lose its television broadcast concession if it fails to pay about Bt100 billion in fines and fees by March 6, the finance minister said Tuesday.

    The government would take control of iTV in the initial phase, Deputy Premier and Finance Minister Pridiyathorn Devakula said.

    "If iTV fails to pay the fine there is no other option, but to cancel the concession, however, employees will be retained," Pridiyathorn added without saying how iTV would continue to operate if the concession is cancelled.

    source: http://www.nationmultimedia.com/breakingne...newsid=30028024

    also trading halted again...

    iTV Trading halted

    The Stock Exchange of Thailand has halted the share trading of iTV Plc because there is a significant information concerning possibility of concession withdrawal if it fails to pay the concession fees and fines.

    The trading will be halted from Tuesday afternoon until the company has clarified or disclosed this material information to the SET.

    The trading halt followed the Cabinet's resolution today that iTV's concession could be revoked if the broadcaster fails to pay the concession fees and fines on March.

    source: http://www.nationmultimedia.com/breakingne...newsid=30028025

  2. One thing that has to be remembered is that Shin Satellite (sattel) is also a major shareholder, sometimes upto 98% in quite a few other companies, some of which are listed on the SET such as CSLoxinfo (csl), some not, such as Laos telecom, Shin Cambodia, ipstar Australia, Ipstar Nz, Shenington Investments to name just a few, some if not all of these will possibly have some assets rather than just concessions.

  3. Police find leads in Russian tourists' murder

    BANGKOK, Feb 26 (TNA) – Thai police investigators have produced some clues suggesting that a gang of foreigners may have been involved in the murder of two Russian tourists at Jomtien beach in the popular seaside resort of Pattaya on Saturday morning.

    Police Lieutenant General Assawin Kwanmuang, Region 2 Provincial Police commissioner, said he had instructed the police investigating team to seek an early arrest of the culprit after close examination of

    the victims' holiday snapshots taken while visiting some tourist attractions as well as security camera images which found that a gang of foreigners, in particular "The Chopper Gang", a local group in

    Pattaya, may have been involved in the killings.

    The police officer did not provide more details about the so-called gang, but indicated that mobile phone records of the two women are being thoroughly checked for further evidence as they used local simcards to call in and out prior to the killings.

    Tatiana Tsimfer, 30, and Liubov Svirkova, 25, were found dead in their beach chairs at about 5am Saturday after being repeatedly shot by an unknown assailant, police said.

    Police said the two women were tourists who had arrived in Thailand on February 16 and were due to depart on March 1.

    Earlier police offered a Bt100,000 (about US$3,000) reward for the capture of the gunman. They also released a video monitor sequence of a tall man aged about 30, captured by security camera, parking a

    motorcycle at a beachside road, running to the two Russian women and shooting the pair before fleeing on the motorcycle.

    Gen. Assawin said Sunday that the women worked as telephone operators in Russia and were visiting Thailand for the first time with a tour group. They had noting to do with illegal transnational prostitution,

    according to personal records shown by a representative from the Russian Embassy.

    He also ruled out the possibility of robbery as the victims' belongings were left untouched.

    Pattaya, about 110 kilometres (70 miles) southeast of Bangkok, is popular among foreign holidaymakers. The beach resort attracts tens of thousands of Russian tourists every year. (TNA)-E001

    source: http://etna.mcot.net/query.php?nid=28151

  4. Is the lottery done at the 21st birthday? What are the chances of winning/losing the lottery?

    A lot of winning the "lottery" depends on how many people that year volunteer to join the armed forces. There have been years when no conscripts have been required as the full number of volunteers has been achieved.

  5. News hasn't got any better for the government....

    ABAC Poll says PM Surayud's popularity falls

    BANGKOK, Feb 25 (TNA) – The popularity of Prime Minister Gen. Surayud Chulanont continues to decline, only five months after he came to power following the September 19 coup d'etat, according to a poll conducted by ABAC.

    Noppadol Kannikar, director of Assumption University's ABAC poll, said that the survey, conducted among 1,373 people in Bangkok February 21-24, found that Gen. Surayud's popularity fell to 34.8 per cent compared to 39.2 per cent earlier while his ousted predecessor Thaksin Shinawatra 's popularity rose to 28.8 per cent from 23.8 per cent.

    Although Mr. Thaksin's popularity has edged up, 15.2 per cent of the respondents believed the former prime minister should return home from his self-exiled immediately, 26.9 per cent said he should wait for a certain period and 22 per cent said he should return home after the next general election.

    Nearly two out of three respondents are unconvinced that the new constitution will be a document truly representing the public's aspirations. The recent survey showed that 54.7 per cent of the total respondents did not believe that the new constitution now being drafted would be a genuine people's constitution while 29.1 per cent still had strong confidence.

    Almost half of the respondents -- 49.4 per cent -- expressed uncertainty that a general election would be held late this year as planned by the government while 36.7 per cent believed it will take place in the stated time frame.

    Mr. Noppadol said the latest survey showed that Thailand would not benefit if the political situation remains unchanged, as social relations among the general public will deteriorate.

    This clear indicator was seen from the survey among Bangkokians who are seen as being more influential in affecting the national future than rural populations, for example, he added. (TNA) - E 111

    source: http://etna.mcot.net/query.php?nid=28147

  6. No problem if Temasek sells Shin Satellite, says foreign minister

    Foreign Minister George Yeo does not think that it would be a problem if Temasek Holdings decides to divest Shin Satellite, Thailand's only satellite operator - as long as it is a commercial transaction between willing parties.

    But he stressed that it is a decision to be made by Temasek and the buyers.

    Yeo was responding to media queries yesterday (Feb 24) on recent news reports that Temasek was considering letting Thai firms buy into the satellite business to ease political tensions between the two countries.

    He said: "If this is a commercial transaction on the basis of both sides being willing parties, then I see no problem at all. This is for Temasek to consider and for the buyers to consider whether the price is right".

    When contacted, Temasek declined comment.

    Shin Satellite is a unit of Thai telecom giant Shin Corp in which Temasek has a controlling stake.

    Temasek's purchase of the Shin Corp stake from the family of former prime minister Thaksin Shinawatra in January last year had set off massive protests in Thailand which culminated in Thaksin's ouster in a military coup in September.

    The sale stirred up nationalist sentiments, prompting calls from as high up as the head of Thailand's National Security Council, General Sonthi Boonyarataglin, for a return of national assets.

    Minister Yeo said "in Thailand, I think they want to make sure that their economy continues to welcome foreign investment. We are all part of the global economy".

    "I think they are very conscious that whatever they do with respect to Singapore, (it) must be something which they are prepared to do with any other country, so that all foreign investors are treated equally".

    He added that Singapore's foreign relations with major partners are good, despite some problems with Thailand and Indonesia.

    But he noted that the problems are not big and the overall relations with the two countries remain good.

    source: http://www.asianewsnet.net/news.php?aid=8112

  7. Re-opened Don Muang may initially operate in the red

    BANGKOK, Feb 25 (TNA) – Bangkok's former international airport at Don Muang -- scheduled to start operating direct domestic flights on March 25 -- may operate at a loss in the early stage of its reopening, Deputy Transport Minister Sansern Wongcha-um said.

    Initially, only three airlines will operate direct domestic flights from Don Muang -- which comprise 17 per cent of the total domestic flights scheduled from the capital. They are now preparing to move back to the airport and to resume providing services there on March 25 as approved earlier by the cabinet, Mr. Sansern confirmed.

    The three airlines are Thai Airways, Nok Air and Orient Thai.

    Acknowledging that Don Muang may operate at loss in the beginning, Mr. Sansern said he was optimistic that revenue should improve in future if demand for use at the airport increased.

    He further explained that the government's policy is clear that the new Suvarnabhumi Airport will be Bangkok's primary airport while Don Muang, closed since last September following the opening of Suvarnabhumi Airport, would play a secondary role.

    The reopening of Don Muang was made necessary, the Cabinet agreed, to facilitate repairs of damaged sections of runways and taxiways at Suvarnabhumi Airport for fears that it might be unsafe for the travelling public and the air carriers themselves.

    There are over 100 cracks in the runways and taxiways at the new airport and repairs are underway. (TNA) - E 111

    source: http://etna.mcot.net/query.php?nid=28142

  8. Satellite purchase a private sector concern :Thai PM

    BANGKOK, Feb 24 (TNA) – Expressing a cool reserve in the face of a flurry of patriotic fervour from several sectors demanding that Thailand regain its so-called lost national heritage satellites, Thai Prime Minister Surayud Chulanont is demonstrating pragmatism and resolution under fire: let business be business.

    Thailand's four satellites passed into Singapore business control in January last year with the sale of Shin Corp shares owned by the family of since-deposed Thai premier Thaksin Shinawatra to Temasek Holdings, a Singapore's investment agency.

    In recent days a spectrum of Thai public figures – including coup leader Gen. Sonthi Boonyaratkalin himself – have come out with strong calls appealing to Thais deep sense of patriotism. Perhaps following the lead of Gen. Sonthi, whose Council for National Security installed Gen. Surayud as prime minister, many voices joined the chorus calling to retrieve the so-called national assets, but Gen. Surayud appears to have decided that the matter is not a matter of national urgency.

    In an interview with Malaysia's official Bernama news agency here on Friday, Gen Surayud that it would be left to Thai companies to evaluate whether it would be beneficial for them to do so.

    "If they want to buy, let them buy in the exchange market. We are not going to get involved. If they want to take a risk, that's fine. They have to make their own estimations of the risk assessment whether it will be beneficial for them or not," he was quoted as saying.

    The Bernama's report characterised Prime Minister Surayud as saying "the relationship between Thailand and Singapore was still the same despite the fact that a lot of suggestions and concerns had surfaced of late."

    "There have been a lot of suggestions, a lot of concerns over various things but for the (Thai) government we still stick to our fundamental policy in foreign relations. I can assure you I don't see any conflict at the national level at the moment," he reportedly said to Bernama.

    Meanwhile, Agence France-Presse (AFP) news agency reported Singapore's Foreign Minister George Yeo as saying that the 'spat' with Thailand is not a big problem and that overall relations are good.

    "We have some problems with Thailand and Indonesia but they are not big problems. Generally speaking," AFP quoted Mr. Yeo as saying, "our overall relations with Thailand and Indonesia remain good." (TNA)-E006

    source: http://etna.mcot.net/query.php?nid=28127

  9. ps...there would have to be a reason the current government chose to revoke the 97 constitution :o

    Constitution of the Kingdom Thailand (2540)

    Section 63.

    No person shall exercise the rights and liberties prescribed in the Constitution to overthrow the democratic regime of government with the King as Head of the State under this Constitution or to acquire the power to rule the country by any means which is not in accordance with the modes provided in this Constitution.

    In the case where a person or a political party has committed the act under paragraph one, the person knowing of such act shall have the right to request the Prosecutor General to investigate its facts and submit a motion to the Constitutional Court for ordering cessation of such act without, however, prejudice to the institution of a criminal action against such person.

    In the case where the Constitutional Court makes a decision compelling the political party to cease to commit the act under paragraph two, the Constitutional Court may order the dissolution of such political party.

    source:http://www.krisdika.go.th/lawHtmStaticContent01.jsp?frm=tmp&page=eng&lawType=law1&lawCode=%c306&lawID=%c306-10-2540-a0001

  10. Thai push for satellites may hasten Shin Corp overhaul

    Thailand's push to take over the country's satellite business controlled by Shin Corp could speed up a corporate overhaul of the conglomerate's diverse assets.

    For the past three months, a Temasek Holdings-led consortium that controls Shin Corp has been mulling over a restructuring plan that will turn it into a regional mobile telecommunications player.

    According to financial executives familiar with the proposed corporate makeover, Shin Corp's push to focus on telecommunications will involve the sell-off of its other assets such as its satellite operation, a television broadcasting station and finance company.

    The restructuring plan, which would also feature a name change for the group, was to be set in motion after the Temasek-led consortium resolved Shin Corp's legal troubles with the government.

    Now, that timetable is likely to be brought forward following Thai army chief Sonthi Boonyaratkalin's statement last week demanding that Temasek and its partners sell Shin Corp's 41 per cent interest in Shin Satellite back to the state.

    Many Bangkok-based bankers, who had initially feared the possibility of nationalisation, say that the statement had the effect of helping lift the pall over Shin Corp, which has had trouble attracting suitable suitors for its assets.

    'Temasek and its partners have always wanted to resolve the problems facing Shin. This is offering the shareholders a fresh opportunity,' says a Bangkok- based banker who is closely tracking developments at Shin Corp.

    The sale last year by then Premier Thaksin Shinawatra's family of its stake in Shin Corp set off a political storm that led to his ouster and left Shin Corp's new owners under a cloud of political suspicion and legal problems.

    But with General Sonthi's remarks about a sale, state agencies such as the Telephone Organisation of Thailand (TOT), and CAT Telecom have shown interest in buying Shin Satellite, along with Thailand's Samart Group, whose businesses include satellite-dish distribution.

    Other potential suitors include investment holding companies Dragon One and Loxley, say several Bangkok-based investment analysts.

    Temasek executives were unavailable for comment, but executives close to its Thai partners, which include Siam Commercial Bank and low-profile businessman Surin Upatkoon, acknowledge that the restructuring plans can now be speeded up.

    Shin Satellite operates four satellites, including iPSTAR, which ranks as the world's largest broadband satellite. The company also has a large shareholding in CSLoxinfo, a leading Internet provider.

    Several Bangkok-based bankers say that the sale of Shin Satellite could help Temasek and its partners find new investors for another problematic Shin investment, commercial broadcasting company iTV.

    The company has been ordered by Thailand's Supreme Administrative Court to pay a concession fee of 2.12 billion baht (S$94.5 million) or risk losing its concession.

    Bankers say that the Temasek-led consortium is currently holding informal talks with the Thai government to resolve the impasse over the concession fee.

    Bankers close to Shin Corp say that the asset disposal plan will be capped with a change of name.

    'Shin needs a re-branding, and a change of name will help shed the baggage the group is carrying,' says a financial executive close to Temasek's Thai partners.

    source: http://www.nationmultimedia.com/2007/02/23...es_30027681.php

  11. I think there is some international treaty that limits the liability of an air carrier. Does anyone know about this or how it would affect any kind of incident (not necessarily just here, but at any airport that may have safety issues).

    I presume you are referring to the " Warsaw Convention "

    This is only applicable to International journeys, and places a limit of US$75,000 per passenger for death or injury, on the provision that the journey either starts, stops or transfers through the USA. On journeys which don't start, stop or transfer through the USA a limit of between US$ 10,000 - US$ 20,000 is applicable. The above liability is inclusive of any legal fees.

  12. I thought they were without a constitution now?

    Thailand is currently under the interim constitution of the Kingdom of Thailand 2549

    a copy of which can be found at:

    http://www.senate.go.th/pdf/const.pdf

    Getting back on topic.

    One thing that the government (hopefully) will be aware of if they purchase ShinSat back is that ShinSat has a number of companies under it's ownership, 2 of which are:

    Cambodia Shinawatra Company Limited (CamShin)

    CamShin operates the telecommunications services in Cambodia under the 35-year license, granted by Ministry of Posts and Telecommunications of Cambodia until March 4, 2028.

    Lao Telecommunications Company Limited (LTC)

    LTC is a joint venture between Shennington and the government of the Lao Peoples Democratic Republic, in which Shenington holds 49 per cent (Shenington was purchased by ShinSat in 1999). LTC has a license to operate all types of telecommunications services in Laos

  13. Same story, but a slightly different viewpoint:

    Democrats not seen to be blocking polls

    Two witnesses in an election fraud trial said yesterday they saw nothing that had convinced them the Democrats had tried to block by-elections in Songkhla. Local reporter Tawat Lambensa, from the Daily News newspaper, told the Constitution Tribunal he did not see any Democrats involved in a protest at the candidate registration venue where a crowd gathered to pressure candidates from lesser-known parties to bow out.

    Another witness, Taweesak Taweerat, a former Thai Rak Thai candidate, said he saw Democrats Virat Kalayasiri, Chua Ratcahasi and Winai Senniam greeting people at the venue. But he could not say they were involved in urging people to pressure candidates to stay out of the race.

    Full story: http://www.bangkokpost.com/News/23Feb2007_news07.php

  14. One happy company:

    BEC likely to lift rates as advertisers switch from iTV

    BEC World Plc, the operator of television Channel 3, is likely to increase its advertising rates later this year after keeping them unchanged since 2003. Chatchai Tiamthong, BEC's vice-president for finance, said the station's strategy was to charge more for commercials when demand for its prime-time shows was high, a trend he had been observing since early this year.

    The station has already expanded its soap opera programmes to two hours following the evening news, from 90 minutes previously. Currently, commercials on prime-time programmes broadcast from 6 to 10:30 pm cost 420,000 baht per minute, the second most expensive in the industry after the ratings leader, Channel 7, which charges 470,000 baht.

    Full story: http://www.bangkokpost.com/Business/22Feb2007_biz35.php

  15. Because its not the Thai army's satellites.. They belonged to a private company !!!

    Like all communication concessions in Thailand, the ShinSat concession is under a Build,Transfer,Operate system(BTO)

    This means that the private company Builds (or commissions) a satellite, it then Transfers ownership of the satellites to the state, and in return the state grants the concession holder the right to Operate the equipment for a period of time (In return for a percentage of all income, regardless of whether the company actually makes a profit or loss).

  16. Taken from todays Bangkok Post

    Convicted drafter told to quit

    The Constitution Drafting Assembly (CDA) has pressed Thanabul Chiranuwat, one of 10 drafters on the Constitutional Drafting Committee (CDC), to give notice after he was convicted in a bounced cheque case and imprisoned for 40 months.

    Thanabul, an international law expert, was sentenced to 40 months in prison by the Supreme Court on Feb 8, after being found guilty of writing bounced cheques. He is serving his time in Bangkok Special Prison.

    Full story: http://www.bangkokpost.com/News/21Feb2007_news18.php

  17. Samart considers ShinSat share buy

    Expertise in related fields a factor

    Samart has expressed interest in buying shares of Shin Satellite (ShinSat) if the move can enhance the group's businesses.

    CEO Charoenrath Vilailuck yesterday said he believed all telecom firms would consider the same possibility if a chance were available and the move added value to their businesses.

    "But we have yet to think about it seriously in terms of the financial aspect or if buying shares will benefit our existing businesses," he added.

    Charoenrath is confident the long-standing telecom firm Samart could operate the satellite business, given its long-time experience in satellite communications-related fields.

    The Samart Group has cash flow of Bt3 billion. ShinSat's market capitalisation is Bt7.746 billion.

    "If we really decide to take a share, we will also see if we can develop a strong marketing and customer-service team to support the satellite service in both local and foreign markets," he said.

    Samart's businesses range from satellite-dish distribution and its bid for state telecom projects to regional handset sales and air-traffic control and energy projects in Cambodia.

    It has also provided the iPSTAR broadband satellite service of ShinSat on a retail basis for TOT, the wholesale marketer of the service. Earlier Samart had provided a data communications service via the small satellite system better known as V-Sat.

    The situation of ShinSat is uncertain. Last Friday, Council for National Security leader General Sonthi Boonya-ratglin declared that Thailand wanted its satellites back and defined the ShinSat concession as a "national asset".

    Information and Communica-tions Technology Minister Sitthichai Pookai-yaudom picked up the baton and said on Monday that one option to reclaim the satellites from "foreign ownership" was to buy all ShinSat shares.

    He added that the ministry might have TOT and CAT Telecom or any interested private firms buy ShinSat shares.

    An industry source said that after the remark of the ICT minister on the possible share purchase, Temasek began to mull offloading its shares in ShinSat to make money and to ease the public pressure that it controls a Thai national asset.

    Shin Corp owns 41.3 per cent of ShinSat, which operates Thaicom 1, 2, 5 broadcasting satellites and iPSTAR broadband satellite.

    Based on the US$214-million (Bt7.63 billion) market capitalisation of ShinSat, Shin Corp's holding is therefore valued at $88 million.

    Shin Corp was founded by the family of ousted PM Thaksin Shinawatra, which sold off its controlling stake in Shin to a group led by Singapore's state investment arm Temasek in January 2006.

    The move prompted massive protests against the sale of national assets. Thaksin was ousted by a military coup last September 19.

    Police are probing whether Kularb Kaew, part of the group in the Temasek deal, was a nominee for Temasek's group to take over Shin. If it were proven a nominee, this would breach Thai foreign-business law.

    source: http://www.nationmultimedia.com/2007/02/21...ss_30027397.php

    Note:

    According to their website at http://www.samartcorp.com/eng/shareholders.php, one of their major shareholders is Telekom Malaysia with nearly 20%

  18. Witnesses deny earlier evidence

    Witnesses at the electoral fraud case involving the Thai Rak Thai Party told the Constitution Tribunal yesterday Election Commission (EC) investigators forced them to frame the ruling party.

    Yesterday was the sixth hearing for the case. Witnesses in a few earlier hearings also testified in favour of Thai Rak Thai.

    Boonchoo or Chuwit Soonsuwan, an MP candidate for the Thai Ground Party, said he didn't personally know Gen Trairong Intaratat and Lt Gen Phadungsak Klansanoh but EC panel members including Police Captain Manoon Wichiennit told him to say they did and promised they would protect him.

    General Trairong is a senior military officer close to some TRT leaders while Lt Gen Phadungsak was a close aide to former defence minister Gen Thamarak Isarangura, a Thai Rak Thai deputy leader.

    But Boonchoo said he accepted Bt60,000 from Thatima Pawalee, the party's coordinator, as a subsidy for the election campaign. If a candidate had to pay a registration fee themselves, the party agreed to provide them Bt150,000 each.

    His receipt was evidence for the case.

    Boonchoo said that after he saw a media report about his testimony to the EC panel, he wanted to reverse his words and tell the truth. He then filed a document to the EC, asking to "correct" his testimony, he said.

    Fandy Pasu, an MP candidate for the Thai Ground Party, also said he did not know Trairong and Phadungsak. But the EC investigation panel told him he should admit to that so if he wanted to escape the allegations

    Fandy and Boonchoo were disqualified from being candidates in the last election because they had not been members of the political party for 90 days, which is a legal requirement for all MP candidates.

    Both men previously told the EC panel that Trairong and Phadungsak contacted leaders of small parties to hire them to run in the April 2 election.

    Fandy said: "The investigators said, 'Other (witnesses) have said so, why don't you say so'."

    He claimed he was tired at that time so he did what he was told to.

    Pattana Chart Thai candidate Direk Noosai told the Tribunal members he heard from his party leader Boontaweesak Amornsin that Democrat Party secretary-general Suthep Thaugsuban offered him Bt15 million to frame Thai Rak Thai, but that was all he heard.

    Direk was disqualified as he was listed as a Thai Rak Thai member.

    source: http://www.nationmultimedia.com/2007/02/21...cs_30027409.php

    From previous reports, TRT will call Thaksin as their first witness. Therefore all witnesses to date have presumably been for the Prosecution..

  19. Govt to carry out opinion survey on satellite concession

    Information and Communications Technology Minister Sitthichai Pookaiyaudom said Tuesday that the government would carry out an opinion survey to gauge whether the public want the state to retake Shin-Satellite concession.

    The survey will be carried out by the National Statistics Bureau and will take about a month to complete, the ICT minister said before attending the weekly Cabinet meeting.

    "If just over 50 per cent of respondents want us to take back the concession, we will not take any action yet. We'll take action only if more than 75 per cent of respondents want us to do so," Sitthichai said.

    source: http://www.nationmultimedia.com/breakingne...newsid=30027346

  20. editorial from the Bangkok Post

    Wrong speech at wrong time

    Gen Sonthi Boonyaratkalin spoke unwisely last week in his speech to young volunteers about the nation and its military. The vow to recapture national assets sold to Singapore in the Shin Corp deal was as poorly phrased as it was incorrect. Since Gen Sonthi is the army commander, coup leader and head of the Council for National Security, his words were taken seriously. The Singapore government was not the only one looking for clarification through the weekend. Thai diplomats were forced to scramble and try to downplay the general's remarks. They were clearly as much in the dark as their foreign embassies, wondering just what Thailand's most powerful political figure was thinking.

    Full editorial: http://www.bangkokpost.net/200207_News/20Feb2007_news19.php

    Columnist Anuraj Manibhandu also wrote:

    Sending mixed signals

    There are no camels in Thailand or Singapore, only a tenaciousness identifiable with the animals of the desert that reserve food in their humps. Partly due to the staying power that both sides have shown in recent weeks, the controversial wishes of Gen Sonthi Boonyarataklin, army chief and head of the Council for National Security, should not break the back of relations between the two countries.

    Full story: http://www.bangkokpost.com/News/20Feb2007_news23.php

    Temasek may offload satellite firm

    Singaporeans want to ease tensions

    Temasek Holdings could look to sell Shin Corp's holdings in Shin Satellite Plc to help ease growing tensions between Thailand and Singapore.

    Full story: http://www.bangkokpost.com/Business/20Feb2007_biz32.php

  21. Thai Council of State to rule on Shin satellite concession

    BANGKOK, Feb 19 (TNA) - Thailand's Council of State will be asked to rule regarding whether Shin Satellite Plc is a foreign-owned company whose Bt140 billion communications satellite concession, granted during the tenure of deposed premier Thaksin Shinawatra, could be revoked by the Thai government, Information and Communication Technology Minister Sitthichai Pookaiya-udom said Monday.

    The ICT minister said it would take the Council of State about one month to decide the matter, following an earlier comment by Council for National Security chairman Gen Sonthi Boonyaratkalin's that Singapore's Temasek Holdings satellite concession should be reclaimed by Thailand.

    Mr Sitthichai said the Council of State may investigate whether Kularb Kaew Co., a major shareholder of Shin Corp, is foreign-owned or not. Shin Corp is a major shareholder of Shin Satellite Plc.

    Under Thai law, foreign ownership of telecommunication firms is limited to 49 per cent.

    The ICT minister said the Singaporean satellite concession could be revoked only if Kularb Kaew was legally determined to be a foreign-owned firm. If Kularb Kaew was ruled as a non-foreign firm, Mr. Sithichai suggested that public opinion should be considered as to whether or not it would be cost-effective for the Thai government to buy back the Temasek satellite concession, which is scheduled to expire in the next 10 years.

    Mr Sitthichai said he would grant no concessions, including for the ThaiCom 6 satellite, to foreign-owned companys, and would only use Thai-owned companies as future satellite concessionaires.

    However, the Defence Ministry could not cite national security reasons for possible revocation of satellite concessions, Mr Sitthichai added. (TNA)-E008

    source: http://etna.mcot.net/query.php?nid=28022

  22. Governors of southern border provinces warned of more attacks on Tuesday

    Pattani - The governors of southern border provinces have stepped up security in the provincial seats following a warning by intelligence agencies that Muslim separatists would launch another round of coordinated attacks on Tuesday.

    Pattani governor Phanu Uthairat said intelligence agencies had warned the provincial administrations that the insurgents would launch another round of coordinated attacks in the provinces on Tuesday.

    Phunu said the intelligence agencies warned that the insurgents would focus the attacks on government offices in the provincial seats.

    He said the provincial administrations have sought cooperation from local residents not to leave home at night.

    source: http://www.nationmultimedia.com/breakingne...newsid=30027258

  23. PAD to meet on Tuesday to plan protest Somkid's appointment

    The People's Alliance for Democracy will meet at 10 am on Tuesday at the Manager Group's head office to draft measures to launch against the government over the controversial appointment of Somkid Jatusripitak as sufficiency economy envoy.

    The five PAD leaders will consider measures for stepping up against the government if Prime Minister Surayud Chulanont does not revoke his order to appoint Somkid.

    source: http://www.nationmultimedia.com/breakingne...newsid=30027178

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