54.4 billion baht tourism revenue forecast during New Year holidays

13 Sept 18:46 Key points summarised by AI

Thailand forecasts 54.4 billion baht in tourism revenue for the New Year holidays, a significant 44% increase over the previous year.
Foreign tourist spending is projected to reach 41.7 billion baht, up 60%, largely due to a substantial increase in flights to Thailand.
Domestic tourism is expected to generate 12.7 billion baht, an 11% rise, with approximately 3.76 million Thais traveling for celebrations.
Major countdown events in Bangkok (Central World, Icon Siam, Wat Arun) and Pattaya drew large crowds, contributing significantly to the festive season's revenue.

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.