Privatization of the Thai State Enterprises Title : Privatization of the Thai State Enterprises Author : Nantawat Boramanand Price : 100 Baht Publisher : Institute of Public Policy Studies Distribute : Chulalongkorn University Book Center Government enterprises are state-founded “organizations” which have specific objectives in providing infrastructures to the general public. Since the establishment of the first state enterprise, there are presently more than 80 enterprises. Though these enterprises still are actively facilitating social services, in some circumstances, some state enterprise has no obligation for state intervention due to many reasons; for instance, private operator is capable in the business or the state is having problem in capital investment, etc. Therefore there are recently some endeavor to de-structure and de-authorize these state enterprises. In the past, when the government wanted to decrease number of state enterprises, selling-out or depletion were employed but when the Corporatization Act was promulgated in B.E.2542, this regulation aims and objectives is to set up measures and steps to transfer the enterprises “asset” into “equity stock” of a limited company or public company. Subsequently, when each corporation accomplishes the efficiency state of operation, the state-hold shares would be offered to the general public and the privatization of the state enterprises is being fulfilled.