BANGKOK: Paetongtarn Shinawatra, who was elected as Thailand’s 31st prime minister on Friday (Aug 16), has mirrored her father and former PM Thaksin Shinawatra’s career path by investing in a diverse range of businesses before entering politics.
However, now that she is to become prime minister, Paetongtarn will have to give up her portfolio of investments, which according to data from the analytic platform Creden Data (https://data.creden.co/), involves 15 companies with a combined value of over 8.4 billion baht.
Under Article 187 of the Constitution, a minister is prohibited from being a partner or shareholder of a company and must transfer all her shares to blind trust operators and notify the National Anti-Corruption Commission within 30 days of her appointment.
She must also forgo all involvement in the administration of shares or the affairs of these companies while in office.
This stipulation also applies to a minister’s spouse and children who are still minors.
Her investments are categorised as follows:
1. Real estate and property development (total investment 7.47 billion baht)
SC Asset Corporation: 2.89 billion
Rende Development: 922 million
PT Corporation: 914 million
BBD Development: 911 million
OAI Management: 800 million
SCK Estate: 549 million
SC Office Plaza: 418 million
SC Office Park: 70 million
2. Hotel and tourism (total investment 299 million baht)
Thames Valley Khao Yai Hotel: 201 million
OAI Consultant and Management: 98 million
3. Golf course and recreation
Alpine Golf and Sport Club: 152 million baht
4. Medicine and healthcare
Praram 9 Hospital: 86.5 million baht
5. Investment and finance
Innovation Capital: 204 million baht
6. Services and others (total investment 191 million baht)
Alpine Garden Design: 36 million
Pramaisuree Property: 155 million - The Nation/ANN
