Thailand Evokes Temasek as Junta Tries to Revive State Firms 

Suttinee Yuvejwattana

 

• Holding company for government stakes due to be set up in 2017
• Thai state enterprises lagged stockmarket in past five years

 

BANGKOK: -- Thailand is seeking to set up an investment holding company next year for government shareholdings, part of a wider effort to improve the performance of state-controlled enterprises.

 

A law to boost the governance of such firms and enable the creation of the holding company may be enacted by March, according to Ekniti Nitithanprapas, the director general of the State Enterprise Policy Office.

 

"We’d like the holding company to work in an efficient way like Temasek or Khazanah," Ekniti said in an interview in Bangkok on Wednesday, referring respectively to Singapore’s state-owned investment firm Temasek Holdings Pte and Malaysia’s sovereign fund Khazanah Nasional Bhd.

 

Full story: https://www.bloomberg.com/news/articles/2016-11-23/thailand-evokes-temasek-as-junta-tries-to-revive-state-run-firms

 

-- Bloomberg 2016-11-24

Careful in choosing a model from a country with little corruption.. ?

 

You may just end up with a 1MDB...

Edited November 24, 20169 yr by trogers

We want Temasek with Thai features, which will not work.  Thailand has a long way to go until they set financial systems the mirror countries with semi ethical governments.

Edited November 24, 20169 yr by yellowboat

Perhaps if the boards of these state enterprises weren't filled with moonlighting generals and politicians—who can claim multiple salaries—and filled with actual business people, then they wouldn't be lagging?? Just a thought...

That's like opening Aladdin's cave to the Generals.