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overt2016

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    Public outrage over approval for CP Group's acquisition of Tesco Lotus

    in Thailand News

    Posted

    14 hours ago, webfact said:

    Public outrage over approval for CP Group's acquisition of Tesco Lotus 

    By The Nation

     

    800_e8fe70fa1ec27e5.jpg?v=1604844521

    Nipon Poapongsakorn, distinguished fellow at the Thailand Development Research Institute

     

    Academics and netizens have expressed their frustration after the Office of Trade Competition Commission (OTCC) approved conglomerate Charoen Pokphand's acquisition of retail giant Tesco Lotus.

     

    The commission voted 4:3 in favour of the US$10-billion takeover deal.

     

    The OTCC on Friday gave the green light to CP Group’s deal to buy Tesco Stores (Thailand).

     

    “The decision fails to build trust among consumers and other parties, as it can potentially damage trade competition,” Nipon Poapongsakorn, distinguished fellow at the Thailand Development Research Institute, told the Nation on Sunday.

     

    “It is not in line with the spirit of the competition law, which aims to prevent companies having market dominance to unfairly enjoy an advantage over other competitors,” said Nipon, a former member of the competition committee when it was under the supervision of the Commerce Ministry.

     

    It reminded him of the past two disputed cases when a giant alcoholic beverage company forced small shops to buy its beer by bundling it with liquor products, and the former cable network operator, UBC Cable TV, which charged excessively high fees from subscribers, Nipon said.

     

    The two cases damaged the reputation of the competition committee, leading to legal amendments that paved the way for creating the current independent trade competition commission.

     

    “In the controversial CP case, the majority of the commissioners failed to take into consideration the possible risky behaviour of the powerful companies in the future,” Nipon lamented.

     

    He pointed out that the commissioners apparently failed to carefully look at the big picture where CP, via the 7-Eleven convenience store chain, and its targeted acquisition of Tesco Lotus, can dominate in all three market segments: wholesale, discount, and convenience stores.

     

    CP Group already operates 7-Eleven convenience stores and the Siam Makro chain, a wholesale trading business.

     

    In some provinces, their combined market share would be between 80 to 90 per cent, he said.

     

    He also does not agree with the seven conditions set by the commission. These are minor issues, he said.

     

    "The important condition they should have set is prohibited the group from opening new stores in provincial areas,” he noted.

     

    He urged the commission to release the full details of their decision and the individual opinions both of those who voted for and against the acquisition.

     

    It is unusual for the commission to not release much details when the OTCC issued a press release on Friday, he noted.

     

    Sakon Varunyuwatana, chairperson of the commission, who voted against the decision said that the individual opinion of the minority commissioners would be released soon.

     

    Suppliers, or small and medium-sized enterprises are adversely affected by the decision and they could lodge a complaint in the Administrative Court, he said about the next legal procedure.

     

    They, however, must, convince the court on how it would damage their businesses, he added.

     

    Netizens expressing their opposition via social media have also cited their concerns about the potential of rising prices of goods and how the bargaining power of suppliers and small businesses, in particular, could be affected.

     

    Source: https://www.nationthailand.com/business/30397580

     

    nation.jpg

    -- © Copyright The Nation Thailand 2020-11-09
     

     I don't understand this!!!My local Tesco has implemented numerous changes to it's stock ,layout, pricing etc over the last few months,

    that an outgoing owner would NOT do.

    Business 101. So even blind Freddie could see that the change of hands has gone ahead despite this so called official approval.

    • Like 3

    Thai Police roll out new formats for traffic tickets

    in Thailand News

    Posted

    25 minutes ago, Jenkins9039 said:

    This will be a 'TRIGGERED' response.

     

    Couple of years ago, i went out on the tiles in Karon, then Patong, i parked the car in Karon (a brand new BMW at the time), as the night progressed, i recognised I would not be going home, and was content with the idea that the car was parked 'legally', unbeknown to me, when i returned the next morning (i booked into a hotel) the car had galvanised chains through the wheels and over the bonnet and over roof. 

     

    I mean, like what the <deleted>. 

     

    I then had to proceed to Kata to pay the fine, and hang around half the day for them to un-lock the chains and release the car, turned out the following day everyone has to park on the opposite side of the road, oh my how retarded. 

     

    Now in the UK you have traffic wardens, they are incentivised to search for cars that are parked illegally, and obtain some form of bonus alongside their salaries, freeing up the police to do actual police work, a handheld device is all they need and an outfit, they generate huge sums of money for the local councils, and are considered to be people, you wouldn't <deleted> on if on fire, which goes to show how ruthless they are. 

     

    It works.

     

    Why doesn't the Thai Gov copy the UK, digitalise it at the same time, and generate huge revenues at the same time, whilst allowing the police to do their actual police work, and ruling out corruption in this area. 

     

    Obviously i know why, but rant over...

    All fine and noted, BUT what is actual police work in this country?

    Schoolgirl slapped for not standing up during national anthem

    in Central Thailand

    Posted

    5 hours ago, darksidedog said:

    Aside from the fact that standing during a National anthem should be a matter of personal choice, given the law allows such freedoms, the woman in red has no right to do anything, other than possibly making a remark of disapproval. It is an unprovoked assault for which she should be charged and imprisoned, to make her and others think twice before such action. Being Thailand a wai and 500 Baht will probably solve the matter sadly.

    This practise of offering a wai and an apology is not working in the modern world. What she did was an assault and needs to be addressed as so.

    Today I was almost run over at a pedestrian crossing in as much as my son had to drag me out of the way. The driver gave a smile and a one handed wai.

    This utter disrespect of the laws and disrespect of others is continuing to increase in Thailand is contributing to the current protests by the young.

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