Inflation hitting food manufacturers and food sellers hard

14 Sept 03:05 Key points summarised by AI

Soaring inflation, reaching a 14-year high of 7.1% in May, is severely impacting food manufacturers and restaurant owners due to escalating energy bills and raw material costs.
Manufacturers are seeking government permission to raise prices for essential goods like instant noodles, while the government resists, forcing some restaurants to pass increased costs directly to consumers.
Food sellers are implementing creative strategies, such as offering smaller, more affordable portions or reducing packaging, to manage rising operational costs and retain customers.
Businesses are urging the government to extend subsidy programs like the 'Khon La Khrueng' scheme to alleviate consumer burden and boost spending, which is vital for their survival.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Today 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.