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Government dismisses Credit Suisse Wealth Report about Thailand’s wealth gap as unreliable

13 Sept 09:12 Key points summarised by AI

Thailand's government vehemently dismissed the Credit Suisse Wealth Report 2018, labeling it "inaccurate, incomplete, and unreliable."
The report, publicized by Banyong Pongpanich, claimed Thailand held the world's highest wealth gap, with the top 1% of adults owning 66.9% of the national wealth.
Government spokesman Putthipong Punnakan stated the Credit Suisse report was based on outdated information from 2006 and contradicted data from the Bank of Thailand and IMF.
Putthipong asserted that the actual wealth disparity had decreased, with the rich's wealth proportion dropping from 29.92 times in 2006 to 19.29 times last year.
The government emphasized its commitment to narrowing income disparity through various programs, including state welfare cards and occupational skill training for low-income earners.

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.