Three business sectors ask government to cut FT charge for Q3

13 Sept 05:57 Key points summarised by AI

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) urged the government to reduce the fuel tariff (FT) on electricity charges for Q3 (September-December) to alleviate burdens on consumers and businesses.
Justification for the FT cut stems from steadily falling global energy prices and a significant increase in domestic liquefied natural gas (LNG) production from the Erawan field, reducing import reliance.
JSCCIB proposed two methods: either extending EGAT's debt repayment from five to six installments to enable a 10 satang/unit FT cut, or limiting LNG importers to a single entity to prevent false demand and secure better advance pricing.

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.