Office eager to amend outdated state enterprise lawsThe State Enterprise Policy Office (Sepo) looks set to "guillotine" state enterprise laws and regulations to improve their operational flexibility. According to Tibordee Wattanakul, director-general of Sepo, the office plans to amend laws and regulations related to state-owned enterprises because some of them are outdated. For example, a 2005 regulation governing remuneration of chief executives no longer reflects real market rates, leaving state-owned enterprises with insufficient incentives to attract high-potential professionals compared with the private sector. "The main reason capable and competent people are reluctant to apply for jobs at state enterprises is the heavy responsibility, the risk of imprisonment and the requirement to disclose asset accounts. For example, the office is expediting amendments to the 2019 State Enterprise Labour Supervision and Management Development Act and the Public-Private Partnership Act, aiming to repeal provisions that are not aligned with international practices or are outdated, with a goal to improve operational agility.

Source: Bangkok Post February 09, 2026 06:01 UTC