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NBTC's reputation takes a beating in 2022 after allowing controversial True-Dtac merger

13 Sept 22:29 Key points summarised by AI

Thailand's telecom regulator, NBTC, controversially approved the True-Dtac merger in October 2022 with a 3:2 vote, despite significant opposition and warnings.
Dissenting commissioners and experts cautioned that the merger would create a market duopoly, likely leading to higher prices for consumers and stifling competition in the long term.
NBTC imposed conditions, including a 12% price reduction and maintaining separate brands for three years, but these were widely criticized as inadequate to protect consumer interests or ensure fair market conditions.
The decision drew accusations of dereliction of duty against NBTC, prompting the Thailand Consumers Council to file a lawsuit seeking to revoke the merger, though an initial injunction request was denied.

Today 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.