Kasikorn Research Centre predicts about 7% Thai export growth this year

10 Sept 17:00 Key points summarised by AI

Kasikorn Research Centre (KRC) projects a 7% growth in Thai exports this year, driven by gradual economic recoveries in Europe and the US following mass COVID-19 vaccinations.
Thai exports experienced robust growth in April, increasing 13.09% year-on-year, with significant surges to CLMV countries (44.3%) and a remarkable 193% jump to India, as India's pandemic-affected production boosted its reliance on imports from Thailand.
KRC anticipates continued export potential for the rest of the year but warns of risks from COVID-19 resurgences in some countries, emphasizing the need to closely monitor the situation and vaccine efficacy.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Yesterday 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.