Industry federation to submit 5-point proposal to new government

13 Sept 10:44 Key points summarised by AI

The Federation of Thai Industries (FTI) will present a five-point proposal to the new government, urging urgent consideration of key economic and business issues.
The FTI's proposal focuses on critical areas including the new minimum wage, energy fees, addressing skilled labor shortages, supporting small and medium-sized enterprises (SMEs), and amending outdated laws that hinder industrial development.
Following a meeting with the FTI, the Move Forward party indicated a softened stance on its initial plan for a rapid 450 baht/day minimum wage increase, aiming to alleviate private sector concerns.
The Thai Chamber of Commerce also advocates for immediate economic stimulation, reduction of living costs (like electricity charges), and a tripartite committee approach for minimum wage decisions, emphasizing the importance of a swift government formation to boost investor confidence.

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.