Thai exports for January up 10%, the highest in 19 months

20 Sept 23:50 Key points summarised by AI

Thai exports surged 10% in January to US$22.6 billion, marking the highest growth in 19 months and extending a six-month upward trend.
Export growth was robust across major markets, including a 13.7% increase to the US, 18.1% to ASEAN, and 16.6% to the CLMV group, alongside strong performance in secondary markets like Australia (27.2%).
This positive trend is attributed to easing inflationary pressures and heightened global demand for electronic, food, and agricultural products.
Despite the strong performance, the Commerce Ministry is monitoring challenges such as increased shipping costs due to the Middle East conflict and potential impacts from evolving financial policies.

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.