Cabinet extends 5-baht per litre diesel tax cut for two more months

13 Sept 13:56 Key points summarised by AI

Thailand's cabinet extended the 5-baht/litre diesel excise tax cut for two months (May 21st – July 20th) to ease public and business financial burdens and stimulate the economy.
The extension aims to prevent diesel retail price increases amidst global oil price fluctuations and the baht's depreciation, which could impede economic recovery and raise living costs.
Despite an estimated 20 billion baht shortfall in tax collection, this measure is expected to lower production costs for electricity, consumer products, and transport services, fostering economic growth.

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.