Alibaba deal no monopoly threat, Prayut assures

[rooster59]

Alibaba deal no monopoly threat, Prayut assures

By THE SUNDAY NATION

 

 

PRIME MINISTER Gen Prayut Chan-o-cha has allayed mounting fears of a monopoly developing following a deal that Chinese online trade giant Alibaba signed with the government earlier this week.

 

Prayut said he was well aware of the concerns but urged the public to open their minds to accept good benefits from the collaboration, Government spokesman Lt-General Sansern Kaewkamnerd said yesterday. Alibaba Group has committed to invest a total of Bt11 billion in Thailand in a move that Prayut said could benefit the country’s small farmers and rural enterprises due to the firm’s expertise in diverse technology.

 

Jack Ma, Alibaba’s co-founder and executive chairman, and Thai authorities on Thursday signed four memorandums of understanding (MoUs), marking the start of Alibaba’s significant investment in Thailand’s much-heralded Eastern Economic Corridor (EEC) as well as a related “Smart City” project. Other signed agreements involved tourism promotion, digital economy and human resource development programmes.

 

As part of the collaboration, Alibaba and the Thai Commerce Ministry launched the first official Thai rice flagship store on T-mall, the world’s largest third-party platform for brands and retailers which has access to over 1.4 billion Chinese consumers, besides driving the sale of popular Thai fruits into China.

E-commerce expert Pawoot Pongvitayapanu yesterday welcomed Alibaba’s investment in Thailand but he also suggested that Thai authorities and entrepreneurs adjust their business strategy.

 

“Thai retail business will totally fall into the hands of foreign businesspeople in the next five to 10 years with huge foreign investments and connectivity to the world via the gradual growth of the Internet,” said Pawoot, who is president of the Thai E-commerce Association, on his Facebook page. 

 

As for the government, he said it should push more export of Thai goods to China and delay importing from China through creative means. He added that the government should also find experts on online trade to systematically push for that kind of business. Sansern yesterday said the PM had ordered the economic team to balance economic competition. “While carefully considering the appropriation of benefits for foreign investors, we have to protect Thai investors and SMEs as well,” he said. 

 

Source: http://www.nationmultimedia.com/detail/politics/30343678

 

 

-- © Copyright The Nation 2018-04-22

[Samui Bodoh]

9 minutes ago, rooster59 said:

Alibaba deal no monopoly threat, Prayut assures

Then there is a monopoly threat.

 

The rule of Thai pronouncements; if there is a clear denial, it must be true.

 

PS have another look at the photo; that is the smile of a guy who just signed a monopoly deal.

 

Edited April 21, 2018 by Samui Bodoh
Lack of coffee

[YetAnother]

5 minutes ago, rooster59 said:

Prayut said he was well aware of the concerns but urged the public to open their minds to accept good benefits from the collaboration, Government spokesman Lt-General Sansern Kaewkamnerd said yesterday.

sansern is valuable, whatever he says, believe the opposite; as to the content, a coup is monopolizing the government; are there varying degrees of monopoly ? not meaningful ones

[Somtamnication]

China does not do anything for free. Rest assured. Payback is hell.

[JAG]

It's not a monopoly, we're just going to only deal with one chap...

[Anak Nakal]

See photo.

It monopoly.

[mikebell]

2 hours ago, rooster59 said:

Thai authorities on Thursday signed four memorandums of understanding (MoUs),

I understand that you grant me monopoly status and I'll put a good deal of money in your bank.

[JAG]

8 minutes ago, mikebell said:

I understand that you grant of me monopoly status and I'll put a good deal of money in your bank.

No - say it is not so!

 

A (non) monopolistic deal between a junta government and a multi billionaire oligarch?

 

Wherever did you get that idea? Haven't you listened to his songs - everything is for the country!

[humbug]

cp group who own true and are the 3rd largest land/farm owners in Thailand will be behind this. The cpgroup has become a back door investment vehicle for the chinese. Prayuts/Somkids economic team is made up mostly from cp group executives and former executives. 

 

alibaba/china mobile and the chinese government have already been working with cpgroup/ true since the coup this is just a ramp up with the benefit of the military.

 

the influence of China since the coup has been remarkable. 

Edited April 22, 2018 by humbug

[rkidlad]

3 hours ago, rooster59 said:

Prayut said he was well aware of the concerns but urged the public to open their minds

Yes, and should the public also open their minds when it comes to your DPM and his watches? When should people open and close their minds? Please do tell, oh great one. 

[anon467848]

Kowtowing to the Chinese? I wonder if the general public know that most of the cabinet are from Chinese families. Only a matter of time before Thailand is assimilated, resistance is futile... I read somewhere that Somkid speaks Thai with a Chinese accent despite being born and bred in Thailand...

Edited April 22, 2018 by merlin2002

[monkfish]

OK common PM is this really about selling even more Durian to the Chinese?
From what I understand only registered companies will be able to use the service so there will still be a middleman getting rich.
Me thinks Jack Ma would like a peace of the Asean eCommerce Pie.

[madmitch]

As the majority owner of Lazada, Alibaba are simply consolidating their position in a country where monopolies are the norm.

[Dustdevil]

Should have signed the deal with Amazon. They don't sell fake goods and even produce their own movies and TV for their Netflix-like streaming service.

[coulson]

5 hours ago, rooster59 said:

Prayut said he was well aware of the concerns but urged the public to open their minds

In other words, close your minds, accept and move on.

[impulse]

I think the proper term is Oligopoly.

 

[champers]

Where are the 40 theives?

[RichardColeman]

Sellers of fake goods twining up with fake government, perfect match.

[Dap]

"Prayut assures"

[harada]

3 hours ago, champers said:

Where are the 40 theives?

They're running the show.

[sungod]

Is it me or does that guy have a massive head with an uncanny resemblance to a former PM of Thailand?

[JAG]

3 hours ago, champers said:

Where are the 40 theives?

Ooh, I am so tempted but it would get me into trouble...

[smutcakes]

In November last year Alibaba signed a similar MOU with Malaysia and said they would be their Global Logisitc hub with money of 3 billion USD talked about. To date, nothing has happened in Malaysia.

[stephen tracy]

7 hours ago, champers said:

Where are the 40 theives?

Government House.

[snowgard]

12 hours ago, Dustdevil said:

Should have signed the deal with Amazon. They don't sell fake goods ....

Where do you take this wisdom from? The reality is completly different: https://www.cbsnews.com/news/amazon-walmart-newegg-third-party-sellers-sell-counterfeits-report-gao/

Just google for more!!!

[chilli42]

Clearly the PM is either clueless or flat out dishonest.  The Thai gov made this deal with China that presumably the Thai gov thought was in their favor.  Well just wait a bit to see the unintended consequences.  All those mom and pop businesses that get by selling small items will be gone.  Say what you like about the inefficiency of these businesses but they keep people employed.  The ‘Amixinificstionn” of Thailand is going to be painful for a lot of people.  The Thai gov has nothing better to say than don’t Rorey about the tidal wave that is coming to flatten you.

[janclaes47]

1 minute ago, chilli42 said:

Clearly the PM is either clueless or flat out dishonest.  The Thai gov made this deal with China that presumably the Thai gov thought was in their favor.  Well just wait a bit to see the unintended consequences.  All those mom and pop businesses that get by selling small items will be gone.  Say what you like about the inefficiency of these businesses but they keep people employed.  The ‘Amixinificstionn” of Thailand is going to be painful for a lot of people.  The Thai gov has nothing better to say than don’t Rorey about the tidal wave that is coming to flatten you.

It's called evolution, and I'm sure you buy everything from those mom and pop stores at a higher pricer, rather than from Lazada. Not?

[HiSoLowSoNoSo]

21 minutes ago, janclaes47 said:

It's called evolution, and I'm sure you buy everything from those mom and pop stores at a higher pricer, rather than from Lazada. Not?

The question is what are all the people whos life depends on small shops going to survive? You cant exactly ask your local social welfare department for hands- out in this part of the world.

[reenatinnakor]

There won't be a monopoly but a monopory 5555

Sent from my LG-H990 using Thailand Forum - Thaivisa mobile app

[kannot]

14 hours ago, Dustdevil said:

Should have signed the deal with Amazon. They don't sell fake goods and even produce their own movies and TV for their Netflix-like streaming service.

And as I found at  about 12  years ago that at least Amazon  do deliver the goods  ordered and dont tell you to "prove" you didnt receive them and are just  a competitor who is trying to bad  mouth the competition.

I ordered some shoes from China which never arrived and when I complained was told by alibaba that I had to prove this and that many competitors routinely do this to discredit other Chinese suppliers and my case was  closed all in one  reply

How do you prove you never got something?????