Thursday, 21 September 2017
Sort Updates

Transport & Logistics

BMTA blacklists Bestlin Group, moves Forward with Bus Acquisitions

Date: 28 August 2017; Type: Legal News; Source: National News Bureau of Thailand

BANGKOK, 28th August 2017 - The board of the Bangkok Mass Transit Authority (BMTA) has issued an order to blacklist Bestlin Group from the new NGV bus acquisition auction while deciding to draft new Terms of Reference (TOR).

Acting director of the BMTA, Yuk Charuphum signed the order to blacklist Bestlin Group following the authority’s legal committee concluding the company had abandoned an earlier acquisition deal and severely delayed the agency’s efforts to purchase 489 NGV buses. The company will not be allowed to take part in the new auction for additional buses.

The order has been forwarded to the Ministry of Transport, which will notify the Central Budget Bureau, and to Bestlin Group, which may seek to appeal against the decision.

BMTA President Nuttachart Charujinda made known the authority’s board is hoping to finalize a new TOR for the bus purchases within the next two months.

However, President of the BMTA Worker’s Union, Weerapong Wongwaen indicated he will soon meet with the BMTA board to propose it rents 1,000 buses to replace the aging fleet while the acquisition is being carried out. The union is to voice concerns over the near year long time-frame of the acquisition and its impact on public transport.

Notice: The Publishers of Asean LIP acknowledge the permission granted by the relevant official/ original source for the reproduction of the above/ attached materials. You shall not reproduce the above/ attached materials in whole or in part without the prior written consent of the Publishers and/or the original/ official source. Neither the Publishers nor the official/ original source will be liable for any loss, injury, claim, liability, or damage caused directly, indirectly or incidentally to errors in or omissions from the above/ attached materials. The Publishers and the official/ original source also disclaim and exclude all liabilities in respect of anything done or omitted to be done in reliance upon the whole or any part of the above/attached materials. The access to, and the use of, Asean LIP and contents herein are subject to the Terms of Use.

Get ASEAN LAW ALERT

Legal updates by e-mail. It's Free.

Industry Updates

Work in all Courts Nationwide suspended Thursday: SC

MANILA - The Supreme Court (SC) announced the suspension of work in all courts nationwide on Thursday, September 21, in connection with President Rodrigo Duterte's declaration of the said date as National Day of Protest.

More Updates Read More

Industry Updates

Budget 2018: 13,837 Ideas, Proposals from the Public received

KUALA LUMPUR, Sept 20 (Bernama) - Datuk Seri Najib Tun Razak said today that 13,837 ideas and proposals were received through the Budget 2018 'crowdsourcing' campaign carried out for 15 days from Sept 4 to 18.

More Updates Read More

Industry Updates

Malaysia-Thailand to ink MoU on Security Cooperation

BANGKOK, Sept 20 (Bernama) - There will be closer security cooperation between Malaysia and Thailand with the establishment of a Joint Committee on Security Cooperation, according to a cabinet resolution document released by the Thai government.

More Updates Read More

Industry Updates

MAS sets up International Advisory Panel for Cyber Security

Singapore, 20 September 2017 - The Monetary Authority of Singapore (MAS) announced today that it has established a Cyber Security Advisory Panel (CSAP), comprising cyber security thought leaders from around the world.

More Updates Read More

Industry Updates

SC asked to order Refund of Excess SMS Fee to Subscribers

MANILA - The Bayan Muna partylist filed a petition before the Supreme Court (SC) seeking to compel the country's major telecommunication companies to give a refund to their subscribers for overpriced text message rates amounting to more than PHP17.7 billion.

More Updates Read More

Industry Updates

Policymakers urged to study Proposed Shift to Federal System

MANILA - State think-tank Philippine Institute for Development Studies (PIDS) on Tuesday urged policymakers to undertake a comprehensive study of the proposed shift to a federal form of government which could address uneven developments in provinces and regions.

More Updates Read More

Industry Updates

BSP to continue Payment, Settlement Operations on September 21

MANILA - The Bangko Sentral ng Pilipinas (BSP ) will continue its payments and settlement operations on Thursday despite Malacanang's suspension of works in government offices and schools nationwide for that day.

More Updates Read More

Industry Updates

Indonesia, Croatia agree to strengthen Economic Cooperation

Jakarta (ANTARA News) - Indonesia and Croatia have agreed to enhance economic cooperation, the Indonesian Foreign Ministry said in a press statement released on Tuesday.

More Updates Read More

Industry Updates

Indonesia, Namibia agree to enhance Bilateral Trade Cooperation

Jakarta (ANTARA News) - Indonesias Foreign Affairs Minister Retno L. P. Marsudi has held a bilateral meeting with her Namibian counterpart Netumbo Nandi-Ndiatwah, and the two ministers agreed to intensify cooperation to boost bilateral trade.

More Updates Read More

Industry Updates

High Taxes, Competition choke Cheroot-Makers

Myanmar's traditional mini cigar, the cheroot, is near extinction as manufacturers struggle with high taxes, high production costs and stiff competition from imported and local cigarettes.

More Updates Read More

Industry Updates

EPF to boost Investments in Shariah-Compliant Private Equity Funds

KUALA LUMPUR, Sept 19 (Bernama) - The Employees Provident Fund (EPF) is prepared to increase its investments in shariah-compliant private equity (PE) funds, said its Investment Deputy Chief Executive Officer, Datuk Mohamad Nasir Ab Latif.

More Updates Read More

Industry Updates

BNM seeks More Focused Delivery of Mandates under Malaysian Development Financial Institutions

KUALA LUMPUR, Sept 19 (Bernama) - Bank Negara Malaysia (BNM) is planning to work with the leadership of local financial institutions and other stakeholders in government to address a more focused delivery of mandates under the Malaysian Development Financial Institutions.

More Updates Read More