War on corporate graft next month
By The Nation
2011-05-20
The Thai Chamber of Commerce has set June 1 as D-Day to start combating corruption.
The chamber will join hands with 21 private organisations and anti-corruption agencies to push the proposal on the national agenda. Chamber chairman Dusit Nontanakorn said yesterday that Thai companies should embrace the proposal as a key management policy.
In addition, the University of the Thai Chamber of Commerce will also closely monitor developments by publishing a "corruption index" every six months.
"Currently, corruption is quite high, with payments reaching 30 per cent compared with 2-3 per cent in the past. They are not ashamed of that and the rate will increase to 50 per cent if we do nothing now," Dusit said.
Thawatchai Yongkittikul, secretary-general of the Thai Bankers Association, said Thailand's competitiveness had continuously dropped, reaching the bottom levels this year, mainly because of the impact of corruption.
"Corruption has also pushed up production costs and undermined foreign investors' confidence," he said.
Search Option
Recent Posts
Todays Birthdays
