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Council of State sanctions Bt500 billion loan bill to fund 'Digital Wallet' with three conditions

13 Sept 13:09 Key points summarised by AI

The Council of State approved the government's Bt500 billion loan bill to fund the 'Digital Wallet' scheme, empowering the cabinet and policy committee to proceed.
The approval is contingent on three strict conditions: adhering to the Fiscal Discipline Act (requiring a crisis or urgent necessity), ensuring the project's economic or social worth, and gathering stakeholder views or holding public hearings.
Deputy Finance Minister Julapun Amornvivat supports implementing the scheme due to the fragile economy and public hardship, emphasizing the need for a 'scientific answer' to confirm the country's economic crisis.

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.