Household electricity users to get discounts from September to December

7 Oct 22:27 Key points summarised by AI

Thailand's Committee on Energy Policy Administration (CEPA) approved electricity discounts for households from September to December, mitigating the impact of a hiked fuel tariff (FT).
Households consuming up to 300 units per month will receive a fixed discount of 92.04 satang per unit.
Users between 301-500 units monthly, encompassing 89% of household consumers, will benefit from tiered discount rates ranging from 15% to 75%.
The FT rate increased due to greater dependence on liquefied natural gas (LNG) from the spot market, compensating for reduced natural gas supplies and fluctuating LNG prices.

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.