Top Thai executives air views on future business challenges

16 Sept 04:23 Key points summarised by AI

Pichai Chunhavajira (Bangchak Corporation) forecasts intensifying global competition for rapidly depleting natural resources, urging Thailand to prioritize domestic consumption over exports.
He warns of the extensive global impact of unpredictable emerging infectious diseases, such as COVID-19, adding to the complexity of future business environments.
Suphajee Suthumpun (Dusit Thani group) emphasizes the critical need for businesses to develop multiple contingency plans (Plan B, C) to navigate an unpredictable and fast-changing world.
She advocates for cross-sector collaboration and calls on the government to boost foreign visitor confidence, improve labor standards, and ease legal restrictions to drive economic growth.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Yesterday 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.