Cabinet approves aid package for flood victims in 50 provinces

14 Sept 03:41 Key points summarised by AI

The cabinet approved a comprehensive aid package for flood victims, targeting both individuals and businesses across 50 provinces.
The package includes significant financial relief such as corporate and personal income tax exemptions on compensation received from the government.
Extensive loan and debt support is provided, featuring soft loans up to 40 million baht for flood-devastated SMEs, loan guarantees, and debt moratoria for existing debtors of government banks.
Emergency credit of 50,000 baht is available for liquidity and consumer product purchases, alongside 500,000 baht credit for house maintenance or farm machinery repairs, often with interest-free periods or low rates.

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.