"Restructuring"

Nation Group (Thailand) will focus on strengthening its internal structure and management in line with its "One Nation" strategy, CEO Shine Bunnag said on Wednesday.

Shine Bunnag has stepped down as Nation Broadcasting Corporation (NBC) CEO to work on combining the Nation Group’s eight media outlets in line with the One Nation policy.

After four years of financial and organisational restructuring, Nation Group (Thailand) is set to become debt-free following Wednesday’s sale of shares in Nation Broadcasting Corporation (NBC).

Deutsche Bank’s decision to cut 18,000 jobs worldwide as part of its radical restructuring will have no impact on its banking business in Thailand, the bank’s chief for Thailand said.

Prime Minister General Prayut Chan-o-cha is planning to exercise his special powers under Article 44 to restructure water-related agencies – but not to merge them.

Inefficiency and resistance to change in the state enterprise sector have long been notorious. The latest case in point is the mandated restructuring of TOT and CAT Telecom.

The Cabinet yesterday ordered Thai Airways International, Bangkok Mass Transit Authority and the State Railway of Thailand to submit their business rehabilitation plans within this month.