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Office eager to amend outdated state enterprise laws
Bangkok Post
|February 09, 2026
The 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of Sepo, the office plans to amend laws and regulations related to state-owned enterprises because some of them are outdated.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.
At commercial banks, total compensation including bonuses can reach around 10 million baht per year.
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