Attempts to bring 3G services to Thailand have been held up for nearly five years because of frequent changes in government and also because of questions about the NTC’s legal authority to award licences. Thailand Business News
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Thailand’s 3G auction confirmed for September
Thailand’s open and tightly integrated into global trade economy experienced a V-shape contraction and recovery from late 2008 through late 2009
The continuation of certain government policies, especially the pension to the elderly and free education should also support higher consumption levels for the poor. The longer-term goal of reducing reliance on external demand will take time, especially given political uncertainties that hinder the government’s ability to implement not only its investment program but also needed structural reforms.
Yet a glance through the 2009 Post/ AWR Lloyd-PYI Shareholder Scorecard shows that some sectors clearly benefited more than others. Home and office products led all sectors with a 267% gain in 2009, followed by agribusiness at 238% and property development at 132%.
So small free floats and poor disclosure tend to create a vicious cycle,’’ Mr Wood said.
