Private sector fears worse flooding in September and October

11 Sept 02:28 Key points summarised by AI

The Thai private sector expresses concern that flooding, which caused 8 billion baht in damages in August, will worsen in September and October due to anticipated tropical storms.
To prevent a repeat of the devastating 2011 floods, the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has submitted a long-term mitigation plan to the government.
The private sector also highlights broader economic challenges, including a 6.8% contraction in Q2 private investment and declining confidence, despite a 15.2% increase in July exports.
The JSCCIB is preparing a white paper to offer government recommendations on pressing economic issues such as household debt, the underground economy, and the sluggish recovery marked by over 700 factory closures.

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.