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Law amended to allow assets management firms to manage non-performing assets

14 Sept 05:04 Key points summarised by AI

The Assets Management Companies (AMCs) Act is being amended to permit AMCs to manage or acquire non-performing assets (NPAs) from non-bank financial operators.
Despite the expanded scope, AMCs accepting these NPA transfers will not receive tax exemptions, as transactions remain subject to the Civil and Commercial Code.

Yesterday 16:06 Key points summarised by AI

Two suspected drug couriers were killed in a shootout with narcotics officers in Phetchaburi province.
Authorities seized approximately half a tonne of crystal methamphetamine, also known as Ice, during the operation.
The incident occurred on Tuesday night after officers tracked a network suspected of transporting large quantities of drugs to southern Thailand.
The suspects, identified as Chattharin and Rungarun, both 27, opened fire when confronted by officers, who returned fire, resulting in their deaths.