Friday, March 24, 2006

Thai court blocks privatisation

'A Thai court has blocked government plans to part-privatise state power firm EGAT, dealing a fresh blow to Prime Minister Thaksin Shinawatra. The Supreme Administrative Court said the planned sale was illegal, as it would mean transferring land bought as a state enterprise to a private firm. Critics of the deal said shares would be sold to government supporters and that prices would rise as a result...' More


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