Push for Act rejig to curb monopolies | Bangkok Post: business

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Push for Act rejig to curb monopolies

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The Trade Competition Act needs to be amended to cover enforcement of state enterprises that run businesses that compete with the private sector and are listed on the stock market. The call was made by the Commerce Ministry in a bold move to try and reduce monopoly. 

Santichai Santawanpas, deputy director–general of the Internal Trade Department, said the Commerce Ministry is preparing to propose amendment of the Act to the National Legislative Assembly to cover these 10 state enterprises, including the oil and gas giant PTT Plc, the largest listed company on the Stock Exchange of Thailand by market capitalisation.

"PTT, which is alleged to dominate the country's energy business, will be the first company accounted for in the amendment," he said.

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