Thai cabinet extends 5-baht per litre excise tax cut for diesel until November

23 Sept 03:58 Key points summarised by AI

The Thai cabinet approved a two-month extension (Sept 21st - Nov) of the 5-baht per litre excise tax cut on diesel to ease consumer financial burdens amidst high living costs.
A zero excise tax rate on bio-diesel and bunker oil used for electricity generation was also extended for six months, until March 15th next year.
Officials justified these tax cuts as essential for consumers and businesses, highlighting diesel's critical role in transportation and industry, and the impact of the baht's devaluation on imported oil costs.

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.