Thai Energy Ministry will try to keep diesel at ฿31.94/litre until year-end

1 Oct 09:00 Key points summarised by AI

The Energy Ministry plans to maintain the diesel pump price at ฿31.94/litre until the end of the year.
This initiative faces a challenge as the ฿5/litre excise tax cut is set to expire on July 21st and is unlikely to be extended.
The Oil Fuel Fund possesses ฿70 billion from a loan, available for price subsidies, provided global oil prices remain stable around US$90 per barrel.
Should the subsidy extend beyond July 21st without the tax cut, the Ministry will require approval from the Election Commission to utilize the reserve fund.
Prior to parliament's dissolution, an agreement had set the target diesel price range at ฿35/litre.

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.