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Cable TV players want end to 'must carry' rule
More than 100 cable-TV operators have petitioned the National Broadcasting and Telecommunications Commission to revoke the “must carry” rule.
Navamongkol Koosakul, a legal representative for the operators, said yesterday that the NBTC’s must-carry rule would create huge burdens for the operators because they would be obliged to carry all 12 public-service channels and another 24 commercial channels.
The operators want to have more flexibility in selecting their favourite channels, Navamongkol said.
NOd to social drive
The government has given the green light to a policy on the promotion of operations to enhance society, while the Government Savings Bank and the Bank for Agriculture and Agricultural Cooperatives will each launch a Bt1-billion bond-for-society issue.
In a related development, the Thai Credit Guarantee Corporation will provide credit guarantees for loans to be extended to operations for society and community enterprises, with the money used to tackle social and environmental problems, Deputy Prime Minister Yongyuth Yutthawong said.
Foreigners undaunted
Foreign investors are expected to be net buyers of Thai shares this month despite the Greek crisis leading to sell-offs in other markets, said Asset Plus Securities. In a research note, the brokerage house said inflows of foreign funds started to bounce back in the last week of June.
Statistically, foreign investors are usually net buyers in July, as evidenced in nine of the 10 past years, Asset Plus said.
It said the Stock Exchange of Thailand was giving as much as 2.27-per-cent yield and the market had an 80-per-cent probability of giving a positive return in July based on the past 10 years.
In June, Asset Plus said, Taiwan had the biggest accumulated net sell – US$2.7 billion (Bt91 billion), followed by South Korea ($964 million), Indonesia ($325 million), the Philippines ($225 million) and Thailand ($311 million).
