Thailand’s consumer price index for January lowest for 35 months

13 Sept 10:54 Key points summarised by AI

Thailand's Consumer Price Index (CPI) dropped for the fourth consecutive month in January 2024, reaching its lowest point in 35 months.
This significant decline is primarily driven by government measures to reduce energy prices and increased supply of fresh food, leading to lower costs for items like vegetables and meat.
While the annual inflation forecast remains low, potential upward pressure on prices could arise from escalating Middle East conflicts affecting freight charges and a weakening baht impacting imported goods.

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.