Are consumers paying price for electricity mismanagement in Thailand?

13 Sept 11:52 Key points summarised by AI

Thailand's electricity prices are set to surge from 4 to 4.72 baht per unit, driven by an increase in the fuel tariff (FT) due to rising global LNG prices, dwindling domestic gas resources, and geopolitical factors.
Critics argue that a significant surplus in power production (55% vs. an ideal 15%) is a key contributor to high costs, as consumers bear 'take or pay' contract payments to private power producers, even for idle plants.
Consumer groups question the government's energy planning, EGAT's diminishing state-owned capacity, and plans for expensive new contracts, advocating for comprehensive consumer protection rather than just targeted discounts for low-usage households.

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.