Once Prime Minister Prayut Chan-o-cha expressed interest in the deal, Thai PBS executives cancelled their purchase of debentures of influential Charoen Pokphand Foods. (File photos)Prime Minister Prayut Chan-o-cha has ordered an inquiry into Thai Public Broadcasting Service's (Thai PBS) controversial investment in debentures issued by an agro-industrial conglomerate. Responding to the criticism, Thai PBS said Wednesday it would scrap the investment and review its "investment policy framework". Thai PBS said it reached the decision late last year as part of the budget planning process. He said Thai PBS also invested in bonds of the government and state enterprises, and in bank savings.

Source: Bangkok Post March 15, 2017 21:45 UTC