Thai private sector worried about shift in US trade policies

13 Sept 18:31 Key points summarised by AI

Thai businesses express concern over potential major shifts in US trade policy under president-elect Donald Trump, particularly his 'reshoring' approach that could draw American manufacturers back to the US.
While Trump's proposed tariffs on Chinese goods might encourage Chinese investors to relocate production to ASEAN countries like Thailand, there's a risk the US could impose similar high import taxes on products from these new bases.
Thai industry leaders are urging the government to attract foreign investment, especially from China in key sectors, but also warn businesses to prepare for potential US trade monitoring and retaliation due to Thailand's trade surplus.

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.