Pension system in need of reform as cost pressure mounts

18 Sept 01:12 Key points summarised by AI

Thailand's rapidly aging population is straining its fragmented pension system, which currently provides inadequate old-age income for many citizens.
Rising costs of the universal Old Age Allowance (OAA) have prompted a controversial proposal to limit it to the poor, facing strong opposition from civil groups and economists.
A proposed "hybrid solution" suggests a basic universal allowance combined with higher means-tested assistance to manage costs while ensuring broader coverage.
Experts call for comprehensive reform to integrate Thailand's diverse pension schemes into a harmonized, multi-tiered system that is inclusive, adequate, and sustainable for all workers.
The financially generous civil servant pension scheme also requires reform to address increasing costs and ensure long-term sustainability.

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.