webfact Posted February 17, 2020 Share Posted February 17, 2020 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 Follow Thaivisa on LINE for breaking Thailand news and visa info Link to comment Share on other sites More sharing options...
colinneil Posted February 17, 2020 Share Posted February 17, 2020 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. 2 Link to comment Share on other sites More sharing options...
bluesofa Posted February 17, 2020 Share Posted February 17, 2020 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? 1 1 Link to comment Share on other sites More sharing options...
Odysseus123 Posted February 17, 2020 Share Posted February 17, 2020 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? 1 1 Link to comment Share on other sites More sharing options...
BobBKK Posted February 17, 2020 Share Posted February 17, 2020 This is SIMPLE public sector institutions should not be involved with business deals period. 1 Link to comment Share on other sites More sharing options...
Moonlover Posted February 17, 2020 Share Posted February 17, 2020 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. Link to comment Share on other sites More sharing options...
ParkerN Posted February 17, 2020 Share Posted February 17, 2020 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... 1 Link to comment Share on other sites More sharing options...
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