LAW CHANGE FOR FUNDS TO HOLD SHARES IN AIRLINES

Corporate October 10, 2018 10:44

Chula Sukmanop, director-general of the Civil Aviation Authority of Thailand, said after a meeting yesterday that the board had agreed in principle to a plan to revise an aviation law to allow funds established under the Thai exchange law and provident funds to hold shares in airlines.



Under the current aviation law, in use since 1954, only general companies are allowed to hold airline shares. The amendment will be made as an announcement of Ministry of Transport, which will be forwarded to the Cabinet for approval. 

“Funds which will be allowed to hold shares in airlines must be Thai funds and fund managers must be Thais only," Chula said.

NBTC TO APPEAL RULING IF 

DTAC FAILS TO SUBMIT BID

The National Broadcasting and Telecommunications Commission (NBTC) will lodge an appeal in the Supreme Administrative Court on October 16 against the recent Central Administrative Court ruling granting an interim protection measure to Total Access Communication (DTAC)’s 850MHz customers, if DTAC fails to submit its bid for the 900MHz licence before the submission deadline of October 16. NBTC secretary-general Takorn Tantasith said yesterday that DTAC insisted it would submit the bid within the NBTC deadline of October 16. He added that if it failed to do so before October 16 midday, the watchdog would file its appeal with the Supreme Court the same day. 

He added that the NBTC had already finished drafting the appeal paper and would ask for the NBTC board’s resolution today to lodge the appeal if DTAC did not submit a a bid.

The NBTC had declined to grant an interim period of extension to DTAC to continue providing service on the 850MHz spectrum to its customers after its concession ended on September 15 this year. DTAC took the case to the Central Administrative Court, which ruled last month that DTAC should be allowed to continue using the 850MHz spectrum until December 15. The NBTC has until October 16 to file an appeal.

DTAC on Monday said it was confident of completing a feasibility study and making a final decision whether to bid for the 900 MHz within NBTC’s submission deadline. The company welcomed the flexibility from the NBTC to extend the bid submission deadline to October 16, in the event of no bid submission yesterday.

FINANCIAL SERVICES DRAFT LAW GOES TO CABINET 

The Finance Ministry will table before the Cabinet today a draft law to regulate financial services, such as loan offers that require a vehicle registration book as collateral, according to a Government House source.

The law will propose the establishment of a regulator.

DHL DEPLOYS LATEST

TECH INNOVATIONS

Courier company DHL has launched its latest innovation Ring Scanner, a lightweight Bluetooth-enabled wearable scanner that allows quick barcode scanning while letting staff keep both hands free for related tasks. It is also putting into operation Vision Picking, which brings augmented reality into warehouse operations using smart glasses that enable a portable, high-quality viewing experience, and Collaborative Robots, which work safely alongside people to support complex and repetitive tasks.