Thai exports to Saudi Arabia increase by 15.9% in eight months

13 Sept 07:11 Key points summarised by AI

Thai exports to Saudi Arabia surged by 15.9% year-on-year in the first eight months, reaching over 43 billion baht, following the normalization of diplomatic relations.
Key export categories include automobiles, parts, wood products, rubber, seafood, machinery, and animal feed.
Both nations are actively strengthening trade ties through new agreements, plans for a Thai-Saudi Business Council, and discussions on a Free Trade Area with the Gulf Cooperation Council, alongside initiatives to promote investment in vital industries.

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.