Thai businesses advised to prepare for global economic reset

13 Sept 14:11 Key points summarised by AI

Thai businesses must brace for a global economic reset, influenced by geopolitical shifts, a multi-polar world order, and the advent of artificial intelligence.
Thailand's economy anticipates modest growth (2.7%) and weak export expansion (1.8%) due to slowdowns in key trading partners, coupled with high national debt and slowing private consumption.
The global financial environment, marked by rising interest rates, complicates fund mobilization and impacts major economies; US political uncertainty also poses risks of trade wars.
The Thai private sector should strategically prepare for evolving global supply chains, including the trends of 'reshoring' production bases and 'friend-shoring' trade practices.

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.