Army signs MoU for private sector management of its real estate assets

 

 

Thailand’s Army and the Treasury Department signed a memorandum of understanding (MoU) this morning, under which the Army’s 40 commercial welfare schemes, which include golf and race courses, land, buildings and recreational venues, will be professionally managed by the private sector with benefits shared between the Army, the Treasury and the private sector.

 

The first of a kind deal, to manage the Army’s vast real estate portfolio in a professional manner, instead of the current ad hoc arrangements involving separate army units and officers, is part of a major reform plan under the leadership of Army Commander-in-Chief General Apirat Kongsompong.

 

Finance Permanent Secretary Prasong Poonthanet, who chaired the MoU signing between General Apirat, representing the Army, and Mr. Yutthana Yimkaroon, director-general of the Treasury Department, praised the Army for its initiative in establishing a new approach to the management of military welfare schemes.

 

Source: https://www.thaipbsworld.com/army-signs-mou-for-private-sector-management-of-its-real-estate-assets/

 

-- © Copyright Thai PBS 2020-02-17

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Sign all the M.O.U.s you want, aint worth the paper they are written on.

So the top brass are trying to convince the country they are going to change their ways, ????????dream on.

1 hour ago, webfact said:

Army signs MoU for private sector management of its real estate assets

Even if it gets to this stage, will the 'private sector' be full of retired military personnel?

9 minutes ago, bluesofa said:

Even if it gets to this stage, will the 'private sector' be full of retired military personnel?

Of course.

Who else would be best qualified to run the country?

 

 

This is SIMPLE public sector institutions should not be involved with business deals period.

1 hour ago, bluesofa said:

1 hour ago, webfact said:

Army signs MoU for private sector management of its real estate assets

 

1 hour ago, bluesofa said:

Even if it gets to this stage, will the 'private sector' be full of retired military personnel?

That's how it works in Egypt. Jobs for the boys twice over.

2 hours ago, colinneil said:

Sign all the M.O.U.s you want, aint worth the paper they are written on.

So the top brass are trying to convince the country they are going to change their ways, ????????dream on.

Indeed. But I'm wondering. The brown envelope must have been a very big one...