Thailand wants its satellite back

Local Hua Hin and regional Thailand news articles and discussion.
Post Reply
User avatar
buksida
Moderator
Moderator
Posts: 24155
Joined: Tue Dec 31, 2002 12:25 pm
Location: south of sanity

Thailand wants its satellite back

Post by buksida »

Thailand to Make Offer to Buy Thaicom From Temasek

Thailand’s government plans to offer to buy Temasek Holdings Pte’s stake in satellite monopoly Thaicom Pcl for national security reasons after protesters used its signal to rally support for anti-government demonstrations.

“It’s our policy to buy back the satellite unit from Thaicom,” Sirichoke Sopha, a lawmaker in Prime Minister Abhisit Vejjajiva’s Democrat party, said today by phone. “There is no formal offer yet. It’s just really a starting of negotiations.”

The purchase would end a dispute over the satellite’s ownership that began when Singapore’s state-owned investment company bought Shin Corp. from the family of former Prime Minister Thaksin Shinawatra in 2006. The sale triggered protests that led to Thaksin’s overthrow in a coup later that year.

Full Story: Business Week
Who is the happier man, he who has braved the storm of life and lived or he who has stayed securely on shore and merely existed? - Hunter S Thompson
Top
User avatar
PeteC
Moderator
Moderator
Posts: 32365
Joined: Tue Mar 23, 2004 7:58 am
Location: All Blacks training camp

Re: Thailand wants its satellite back

Post by PeteC »

Yet another way to use Thaksin's forfeited 45 billion Baht. :idea: Pete :cheers:
Governments are instituted among Men, deriving their just powers from the consent of the governed. Source
Top
User avatar
buksida
Moderator
Moderator
Posts: 24155
Joined: Tue Dec 31, 2002 12:25 pm
Location: south of sanity

Re: Thailand wants its satellite back

Post by buksida »

It would be so ironic if they used it to buy back the thing that landed him in all this mess in the first place.
Who is the happier man, he who has braved the storm of life and lived or he who has stayed securely on shore and merely existed? - Hunter S Thompson
Top
User avatar
STEVE G
Hero
Hero
Posts: 13604
Joined: Mon Apr 03, 2006 3:50 am
Location: HUA HIN/EUROPE

Re: Thailand wants its satellite back

Post by STEVE G »

What is even more ironic is that the share price is going up so much on the news that Shin could cash in by selling the percentage that they still own.
Top
User avatar
PeteC
Moderator
Moderator
Posts: 32365
Joined: Tue Mar 23, 2004 7:58 am
Location: All Blacks training camp

Re: Thailand wants its satellite back

Post by PeteC »

STEVE G wrote:What is even more ironic is that the share price is going up so much on the news that Shin could cash in by selling the percentage that they still own.
Draw up the contracts, then don't pay him. In court for about a decade. :naughty: :laugh: Pete :cheers:
Governments are instituted among Men, deriving their just powers from the consent of the governed. Source
Top
User avatar
Lung Per
Legend
Legend
Posts: 2190
Joined: Fri May 22, 2009 12:03 am

Re: Thailand wants its satellite back

Post by Lung Per »

Well, apparently the Thai govenment is not familiar with the method of expropriation, i.e. the government forcefully taking possession of something, supposedly for the common good....Also known as official steeling.... :idea:
A friend is only one click away
Top
User avatar
charlesh
Ace
Ace
Posts: 1512
Joined: Wed Jan 09, 2008 4:01 am
Location: melbourne/lopburri

Re: Thailand wants its satellite back

Post by charlesh »

They'd be better off with a Nth Korean rocket and a GPS system! Lot cheaper.
Top
User avatar
migrant
Addict
Addict
Posts: 6049
Joined: Tue Aug 08, 2006 6:15 am
Location: California is now in the past hello Thailand!!

Re: Thailand wants its satellite back

Post by migrant »

prcscct wrote:
STEVE G wrote:What is even more ironic is that the share price is going up so much on the news that Shin could cash in by selling the percentage that they still own.
Draw up the contracts, then don't pay him. In court for about a decade. :naughty: :laugh: Pete :cheers:
No Pete, pay him, but he must come to Thailand to close! The money will do good for him in prison :cheers:
The proper function of man is to live, not to exist. I shall not waste my days in trying to prolong them. I shall use my time.
Top
User avatar
stgrhe
Professional
Professional
Posts: 389
Joined: Sat May 09, 2009 9:55 am
Location: Hua Hin, originally from Stockholm

Re: Thailand wants its satellite back

Post by stgrhe »

Lung Per wrote:Well, apparently the Thai govenment is not familiar with the method of expropriation, i.e. the government forcefully taking possession of something, supposedly for the common good....Also known as official steeling.... :idea:
It would be very difficult to expropriate the satellite as it is orbiting earth.
Top
User avatar
PeteC
Moderator
Moderator
Posts: 32365
Joined: Tue Mar 23, 2004 7:58 am
Location: All Blacks training camp

Re: Thailand wants its satellite back

Post by PeteC »

Here we go with the crap again, and allegedly from the 'clean' side. :roll: Put the country into moral receivership for it's own good, and that of future generations. :( Pete

http://www.nationmultimedia.com/home/20 ... 32052.html
Governments are instituted among Men, deriving their just powers from the consent of the governed. Source
Top
Post Reply

Return to “News”