CEOs urged to join in reform schemes

[webfact]

REFORM SCHEMES
CEOs urged to join in reform schemes
Petchanet Pratruangkrai,
Somluck Srimalee
The Nation



BANGKOK: -- Prime Minister Prayuth Chan-o-cha yesterday met with chief executives of 24 major companies to urge them to collaborate on an unprecedented scale with his regime's efforts to reform the country.

The general said the government wanted the business sector to play a role in assisting lower-income earners through providing knowledge and market access, and improving the educational system.

The cooperation would cover every area in the country and be part of a national plan for reforms in the short, medium and long terms. Isara Vongkusolkit, chairman of Board of Trade and Thai Chamber of Commerce, will be appointed chairman of a committee to steer the changes and oversee the activities that will be implemented.

He said the government wanted private enterprises to allocate some of their budgets for corporate social responsibility and research and development to a central pool that would be disbursed to help improve education, infrastructure, and R&D.

Isara said the private sector would work out details of the plan as soon as possible.

"For instance, retailers can help small and medium-sized enterprises to find more space [for their products] on their shelves. Private companies can also help farmers, fishermen, and cooperatives to develop their products as well as to help develop Otop [One Tambon, One Product] products."

Tevin Vongvanich, chief executive of PTT, said he agreed with the government's idea to pool the R&D budgets of the public and private sectors to help increase national R&D expenditure.

"PTT will allocate some space at our service stations for community products," he said.

Tax incentives sought

Pruksa Real Estate president and CEO Thongma Vijitpongpun said after the meeting that the company had a proposal for providing lower-priced homes if the government were willing to provide land and offer tax incentives to property firms.

"If the government agrees with our proposal, we will see low-cost homes for lower-income people," he said.

Deputy Prime Minister Somkid Jatusripitak brought in the CEOs of 24 leading companies to meet Prayut in order to call for their support of the government’s projects.

Companies that participated in the meeting were from sectors such as food and beverages, retail, telecommunications, property and construction, education services, banking and insurance, energy and aviation. The Federation of Thai Industries was also included.

At the meeting were CEOs from Central Group, The Mall Group, Thai Union Group, Bangkok Bank, True Corporation, SCG Group, Thai President Foods, Saha Group, Mitr Phol, Samart Group, Thai Vegetable Oil, WHA Corporation, Ch Karnchang, Advanced Info Service, Pruksa Real Estate, CP All, MK Restaurant, Se-Ed Education, Muang Thai Insurance, BTS Group Holdings, Bangkok Airways, PTT Group, and Thai Beverage Group.

Source: http://www.nationmultimedia.com/business/CEOs-urged-to-join-in-reform-schemes-30274270.html


-- The Nation 2015-12-04

[smutcakes]

I would suggest that CP could show the way by sacking one if their Directors and staff caught for insider trading......

The fact another report suggests he does not accept he did anything wrong as he was not 100% sure the deal would be done is ridiculous.

Even a first year university student would understand that even contemplating purchasing shares in a company you were thinking of buying a large stake in would be a very obvious conflict of interest. The fact that he does not know or believe this, is quite frankly staggering, so staggering its an obvious lie or a sign of a company or group of people thinking they can simply act with impunity.

Personally i thought he got away lightly with a fine. I would ban him from holding any board positions, which it is clear he is simply not cut out to do from an ethical and moral standpoint.

[kannot]

I would suggest that CP could show the way by sacking one if their Directors and staff caught for insider trading......

The fact another report suggests he does not accept he did anything wrong as he was not 100% sure the deal would be done is ridiculous.

Even a first year university student would understand that even contemplating purchasing shares in a company you were thinking of buying a large stake in would be a very obvious conflict of interest. The fact that he does not know or believe this, is quite frankly staggering, so staggering its an obvious lie or a sign of a company or group of people thinking they can simply act with impunity.

Personally i thought he got away lightly with a fine. I would ban him from holding any board positions, which it is clear he is simply not cut out to do from an ethical and moral standpoint.

They dont give a foook

[tbthailand]

The general said the government wanted the business sector to play a role in assisting lower-income earners through providing knowledge and market access, and improving the educational system.

So this self-appointed "PM" doesn't understand what responsibilities belong to the government, and what responsibilities belong to the private sector. For example, it is absolutely not the responsibility of the private sector to improve the educational system.

As for this little gem, not quite sure how Isara doesn't understand that he is just blathering, but ...

retailers can help small and medium-sized enterprises to find more space [for their products] on their shelves.

he should know that the way to get more shelf-space is to pay for it. Retailers don't just give this away because your company happens to be an SMB.

This self-appointed "government" has proven that it can't run the economy - and it's clear that they don't know what they are doing ... at all...

[scorecard]

Full marks for the deputy PM Somkid, he's very active and fast and trying to activate economic activity / stimulus from all directions.

A pity he wasn't in this position from the start.

[micmichd]

The general said the government wanted the business sector to play a role in assisting lower-income earners through providing knowledge and market access, and improving the educational system.

So this self-appointed "PM" doesn't understand what responsibilities belong to the government, and what responsibilities belong to the private sector. For example, it is absolutely not the responsibility of the private sector to improve the educational system.

As for this little gem, not quite sure how Isara doesn't understand that he is just blathering, but ...

retailers can help small and medium-sized enterprises to find more space [for their products] on their shelves.

he should know that the way to get more shelf-space is to pay for it. Retailers don't just give this away because your company happens to be an SMB.

This self-appointed "government" has proven that it can't run the economy - and it's clear that they don't know what they are doing ... at all...

Wrong. It is in the interest of the private sector to improve the educational system. That's where they get their future human resources from.

[Bob12345]

The general said the government wanted the business sector to play a role in assisting lower-income earners through providing knowledge and market access, and improving the educational system.

So this self-appointed "PM" doesn't understand what responsibilities belong to the government, and what responsibilities belong to the private sector. For example, it is absolutely not the responsibility of the private sector to improve the educational system.

As for this little gem, not quite sure how Isara doesn't understand that he is just blathering, but ...

retailers can help small and medium-sized enterprises to find more space [for their products] on their shelves.

he should know that the way to get more shelf-space is to pay for it. Retailers don't just give this away because your company happens to be an SMB.

This self-appointed "government" has proven that it can't run the economy - and it's clear that they don't know what they are doing ... at all...

Wrong. It is in the interest of the private sector to improve the educational system. That's where they get their future human resources from.

Wrong. While it is in their best interest, it is certainly not their responsibility. This is the government's job. (Btw, they could also get labor from abroad).

The private sector is also best served by a reliable police force and prison system. So next you propose they should set up their own private police including prisons? And how about CP buying fighter jets and tanks to protect their own best interests with their private army?

[micmichd]

The general said the government wanted the business sector to play a role in assisting lower-income earners through providing knowledge and market access, and improving the educational system.

So this self-appointed "PM" doesn't understand what responsibilities belong to the government, and what responsibilities belong to the private sector. For example, it is absolutely not the responsibility of the private sector to improve the educational system.

As for this little gem, not quite sure how Isara doesn't understand that he is just blathering, but ...

retailers can help small and medium-sized enterprises to find more space [for their products] on their shelves.

he should know that the way to get more shelf-space is to pay for it. Retailers don't just give this away because your company happens to be an SMB.

This self-appointed "government" has proven that it can't run the economy - and it's clear that they don't know what they are doing ... at all...

Wrong. It is in the interest of the private sector to improve the educational system. That's where they get their future human resources from.

Wrong. While it is in their best interest, it is certainly not their responsibility. This is the government's job. (Btw, they could also get labor from abroad).

The private sector is also best served by a reliable police force and prison system. So next you propose they should set up their own private police including prisons? And how about CP buying fighter jets and tanks to protect their own best interests with their private army?

No. There's an instrument for socialising public duties and make the private sector pay. It's called taxes. Ever heard of this?

[Bob12345]

The general said the government wanted the business sector to play a role in assisting lower-income earners through providing knowledge and market access, and improving the educational system.

So this self-appointed "PM" doesn't understand what responsibilities belong to the government, and what responsibilities belong to the private sector. For example, it is absolutely not the responsibility of the private sector to improve the educational system.

As for this little gem, not quite sure how Isara doesn't understand that he is just blathering, but ...

retailers can help small and medium-sized enterprises to find more space [for their products] on their shelves.

he should know that the way to get more shelf-space is to pay for it. Retailers don't just give this away because your company happens to be an SMB.

This self-appointed "government" has proven that it can't run the economy - and it's clear that they don't know what they are doing ... at all...

Wrong. It is in the interest of the private sector to improve the educational system. That's where they get their future human resources from.

Wrong. While it is in their best interest, it is certainly not their responsibility. This is the government's job. (Btw, they could also get labor from abroad).

The private sector is also best served by a reliable police force and prison system. So next you propose they should set up their own private police including prisons? And how about CP buying fighter jets and tanks to protect their own best interests with their private army?

No. There's an instrument for socialising public duties and make the private sector pay. It's called taxes. Ever heard of this?

I think i heard of it. Isn't that a way for the government to collect money so they can improve the EDUCATIONAL system?

[micmichd]

The general said the government wanted the business sector to play a role in assisting lower-income earners through providing knowledge and market access, and improving the educational system.

So this self-appointed "PM" doesn't understand what responsibilities belong to the government, and what responsibilities belong to the private sector. For example, it is absolutely not the responsibility of the private sector to improve the educational system.

As for this little gem, not quite sure how Isara doesn't understand that he is just blathering, but ...

retailers can help small and medium-sized enterprises to find more space [for their products] on their shelves.

he should know that the way to get more shelf-space is to pay for it. Retailers don't just give this away because your company happens to be an SMB.

This self-appointed "government" has proven that it can't run the economy - and it's clear that they don't know what they are doing ... at all...

Wrong. It is in the interest of the private sector to improve the educational system. That's where they get their future human resources from.

Wrong. While it is in their best interest, it is certainly not their responsibility. This is the government's job. (Btw, they could also get labor from abroad).

The private sector is also best served by a reliable police force and prison system. So next you propose they should set up their own private police including prisons? And how about CP buying fighter jets and tanks to protect their own best interests with their private army?

No. There's an instrument for socialising public duties and make the private sector pay. It's called taxes. Ever heard of this?

I think i heard of it. Isn't that a way for the government to collect money so they can improve the EDUCATIONAL system?

=D>

[slapout]

I would suggest that CP could show the way by sacking one if their Directors and staff caught for insider trading......

The fact another report suggests he does not accept he did anything wrong as he was not 100% sure the deal would be done is ridiculous.

Even a first year university student would understand that even contemplating purchasing shares in a company you were thinking of buying a large stake in would be a very obvious conflict of interest. The fact that he does not know or believe this, is quite frankly staggering, so staggering its an obvious lie or a sign of a company or group of people thinking they can simply act with impunity.

Personally i thought he got away lightly with a fine. I would ban him from holding any board positions, which it is clear he is simply not cut out to do from an ethical and moral standpoint.

Why only punish one, there were 4 involved plus a couple other individuals, one being a daughter to one of the excutives. In the real world ''insider trading'' can involve prison time as well as huge fines that recover all profit made plus a substantial add on amount. Slap them down hard and get their attention.

[MZurf]

I would suggest that CP could show the way by sacking one if their Directors and staff caught for insider trading......

The fact another report suggests he does not accept he did anything wrong as he was not 100% sure the deal would be done is ridiculous.

Even a first year university student would understand that even contemplating purchasing shares in a company you were thinking of buying a large stake in would be a very obvious conflict of interest. The fact that he does not know or believe this, is quite frankly staggering, so staggering its an obvious lie or a sign of a company or group of people thinking they can simply act with impunity.

Personally i thought he got away lightly with a fine. I would ban him from holding any board positions, which it is clear he is simply not cut out to do from an ethical and moral standpoint.

"Personally i thought he got away lightly with a fine. I would ban him from holding any board positions, ....."

You have got to be joking! His shirt color is the brightest of yellow and he probably has more power that Uncle Too himself.