Cabinet okays draft on public sector procurement

Quick Summary:

The cabinet has approved the draft ministerial regulations regarding public sector procurement by state enterprises and government agencies.

This regulation will reduce the role of state enterprises and government agencies in competing with the private sector for bids.

Mr Chai said the cabinet views that the existing provisions in the 2018 ministerial regulations may not be sufficiently stringent in allowing companies in which the government holds shares to receive government contracts on specific methods.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Cabinet Methods Ministerial Government Regulations Draft Specific Procurement State Regulation Enterprises

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-24 @ 04:00:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 275 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 21757247

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Official Website: bangkokpost.com

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