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Thursday, January 26, 2006

Thais Fears Singapore Spying With Shin Corp. Satellites

AFP: Thailand’s defense minister said Jan. 26 the intelligence community was concerned that Singapore’s takeover of Shin Corp. could allow the city-state to eavesdrop on Thailand with the company’s satellites.

“Nothing has happened yet, but in terms of intelligence, we already have security safeguards in place. Intelligence agents are closely monitoring” for any possible espionage, Gen. Thammarak Issarangkura Na Ayutthaya told reporters.

“We have to watch anything that could affect national security,” he said.

Singapore’s state-owned investment company Temasek led a takeover of Shin Corp. on Jan. 23, in a $1.9-billion deal to buy the nearly 50 percent stake in the company held by Thai Prime Minister Thaksin Shinawatra’s family.

The deal included Shin Satellite Public Co., which operates three telecom satellites that cover much of Asia and Australia, providing telephone, Internet, television and other services.
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