Government asked to expedite regulatory guillotine
published : 29 Jul 2021 at 04:00
The government is being urged to step up efforts to reform outdated laws and regulations that hinder business activities and public services within six months to raise Thailand s competitiveness after the pandemic.
Kobsak Pootrakool, senior executive vice-president of Bangkok Bank and chairman of a subcommittee on business regulation reform set up by the premier, said the government needs to expedite reducing unnecessary or obsolete laws and regulations, known as a regulatory guillotine, within six months.
Any delay may affect Thailand s overall competitiveness, especially after the pandemic when frenetic competition is anticipated, said the former minister to the Prime Minister s Office.