Thai Junta Sets Up Council to Administer State Enterprises

BANGKOK (DPA) — ​Thailand's ruling military junta set up a supervising committee to run the country's state enterprises, media reports said Friday.

The move is a way for the military to keep close tabs on – and receive advice from – heads of the various state companies and institutions, a source close to the military said.

The leader of the military junta, General Prayuth Chan-ocha, will head the new organization, with the rest of the field drawn from bureaucrats in various ministries as well as the CEOs of public as well as private institutions.

It is hoped that the inclusion of private sector bosses, including the head of Thailand's fourth largest bank, will encourage the private sector to invest in the government entities.