Strong opposition to PTT's privatisation

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Strong opposition to PTT's privatisation

Published: 27/01/2012 at 05:13 PM
Online news: Local News

The PTT labour union will send a letter asking the finanace minister to reconsider the PTT privatisation plan, as a survey shows at least half the people believe there's probably a hidden political agenda in the government's decision.

Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong (Photo by Patipat Janthong)

Representatives of the PTT labour union and State Enterprises Labour Confederation of Thailand will next week submit a letter expressing opposition to the plan to privatise PTT Plc to Finance Minister Kittiratt Na-Ranong, PTT union chairwoman Absorn Krisanasamith said pn Friday.

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ggh
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Discussion 7 : 27/01/2012 at 09:44 PM7
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The government wants to sell PTT shares to lower it's debt. Kind of tells you something doesn't it? We all know most government organizations are fat and lazy. There is nothing wrong with privatizing PTT in my opinion, to make it a better more competitive organization. As for the employees and unions that are up in arms about the government's decision, welcome to the real world. Completely agree with a vegetable
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bluebottle
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Discussion 6 : 27/01/2012 at 08:43 PM6
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Why not look at other countries and see what happened when similar moves were made and companies denationalised.Instead of creating more competition and lowering prices the prices went up.Share holders will always want there pound of flesh.I believe there is a hidden agenda.The people advocating privatisation Know what will happen, the rich get rich and the poor get poorer.
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koolbreez
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Discussion 5 : 27/01/2012 at 08:15 PM5
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The last time an attempt was made to privatise PTT was during Thaksin's time in office. This renewed attempt to privatise it given the past attempt by Thaksin. With the PM just being a clone, and the rest of the cabinet Thaksin's personal friends gives strong grounds to this really having a hidden agenda.

This should be fought the same way it was last time. There is no reason to put a vital resource, and commodity that affects everyone's lives in the hands of profit oriented private stockholders.

With the new gas contracts with Myanmar there are surely hidden agendas for privatising the PTT as that involves lots of potential profit.
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avegetable
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Discussion 4 : 27/01/2012 at 08:02 PM4
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Hi Med142! Le me ask you these questions. Who is fixing the price of oil in today's Thai market? Why Thailand's oil price is more expensive than other SEA and South Asian countries? Why oil price is up so quickly when price on NYMEX goes up? Why it doesn't go down that fast when NYMEX oil price is down? Is PTT giving the right amount of dividend to it's shareholders? Is PTT's customer service is good?

Even in Oligopoly, customers have a few choices, unlike monopoly where there is no choice at all. UK is not a role model for most of the world anyways.
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med142
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Discussion 3 : 27/01/2012 at 07:12 PM3
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avegetable disc2# I have to disagree with so very much. One of the biggest loosers will will be the consumers. Market competition, really does not exist. History has show that what can happen is that the competitors will all agree on a priceing system and the cost of the goods. When you have a commodity such as oil petrol etc whic most people need, then there is a possibility the consumer will be the biggest looser as the price will be set by all the companies involved. as for staff striving for excellence.That will never happen. An example of this just look at the UK.
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avegetable
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Discussion 2 : 27/01/2012 at 06:01 PM2
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It's the era of perfect competition. The theory is simple and that is, when a company is in competition with others, quality of the offered goods and the service provided by the staffs reach towards excellence. Otherwise, the company wouldn't be able to survive. At the end, consumers get benefitted. PTT officials love to work under monopoly as they are afraid to compete with others. As a consumer, I would prefer to see PTT competing in the market, and thus quality of the goods and efficient service will be ensured.
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med142
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Discussion 1 : 27/01/2012 at 05:29 PM1
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Yes leave it alone. Do not sell, it is a source of revenue for the government. It isnot a wise fiscal decission to sell. Uk, did that many years ago, now look at them, in debt,recession,all utilities now are private.many in the Uk can not afford to heat their homes when its cold. asutilities such as gas ,elec,water are becomeing very expensive.Old people are even dying because they can not afford to pay for both food and heating etc.
so yes leave it alone. its a slippery slope that starts with things such as this. sell one assett then another, and before you know it, eveything has gone. Loss of revenue for the government. People will also loose a lot of jobs not just in this company but others aswell due to knock on effects of the sale.
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Strong opposition to PTT's privatisation | Bangkok Post: news