Bitter pill for True, DTAC: NBTC imposes harsh conditions on telecom merger, with lower margins likely. Despite providing tacit approval for the merger of True Corporation and Total Access Communication (DTAC), the National Broadcasting and Telecommunications Commission (NBTC) has prescribed harsh remedial measures that could mean lower margins for the new firm, according to people associated with the regulator. Bangkok Post
State vows continued effort on economic zones: The government has pledged to move ahead with new regional economic corridors and continuation of its promotion of 10 existing special economic zones (SEZs) in an effort to decentralise development and growth, as well as lure investment to the provinces. Bangkok Post
Media spending up 11% in first three quarters: Thailand’s media spending in the first nine months surged 11% year-on-year to 88.1 billion baht following the country’s reopening, with people returning to work and tourism resuming, says data analytics firm Nielsen Thailand. Bangkok Post
Cabinet backs expats owning land: Programme limited to wealthy foreigners. The cabinet approved yesterday the Interior Ministry’s proposals to allow foreigners to hold land ownership of up to one rai (roughly 0.16 hectares) for residential purposes, though critics warned the move may trigger land speculation by foreign investors. Bangkok Post
Infrastructure deals attract Spanish firms: 30 companies eye Thai partnerships. More Spanish investors are likely to expand their businesses to Thailand as they express interest in the southern land bridge scheme and the development of the Laem Chabang deep-sea port in Chon Buri, says Kriengkrai Chaisiriwongsuk, director-general of the Port Authority of Thailand. Bangkok Post
EV subsidy scheme tallies 25,000 units: The government’s electric vehicle (EV) subsidy measure has registered 25,000 units, according to Excise Department director-general Ekniti Nitithanprapas. Bangkok Post
TH Honda motorcycle signed EV subsidy agreement with Excise Department yesterday, lifted total to 10 EV manufacturers joining prog, Chinese EV producer, Neta, is expected to ink deal at end of month.
TH National Saving Fund, a voluntary pension fund, mulls propose cabinet to raise ceiling of investment in TH equities to 25% from current 20% to accommodate demand from self-employed workers.
Governor sees BTS fare plan nixed: Bangkok Council has rejected a motion from Governor Chadchart Sittipunt asking it to consider whether City Hall has the authority to collect fares for BTS Green Line extensions. Bangkok Post
New plan puts focus on clean power: A new version of the national energy plan is expected to set a path for Thailand to become a low-carbon society, coming into effect in the first quarter next year, says the Energy Policy and Planning Office (Eppo). Bangkok Post