Instant noodle producers seek quick permission to hike prices amid rising costs

14 Sept 06:16 Key points summarised by AI

Five major instant noodle manufacturers in Thailand are urgently requesting the Internal Trade Department to approve a price increase from 6 to 8 baht per packet.
Producers argue that retail prices have remained stagnant since 2008, while key raw material costs, such as wheat and palm oil, have dramatically risen due to global events like the Russia-Ukraine war.
Facing significant financial strain, including one manufacturer reporting its first loss in 40 years, they reject a minimal 1-baht price adjustment and plan to prioritize export markets if their request is denied.
The Internal Trade Department acknowledges the manufacturers' challenges but will consider price adjustments on a case-by-case basis, balancing business sustainability with consumer impact.

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.