Thailand promotes upcycling for sustainability

13 Sept 06:33 Key points summarised by AI

Thailand's Commerce Ministry actively promotes upcycling businesses through innovation and technology to add value to products, boost competitiveness, and foster sustainability, aligning with global trends.
Upcycling offers a crucial solution to the escalating global waste crisis, transforming discarded materials into high-value, eco-friendly products and mitigating environmental issues and rising waste management costs.
The global upcycling market is experiencing significant growth, projected to reach US$9.7 billion next year, fueled by increasing environmental awareness, consumer demand for eco-friendly products, and advancements in upcycling technologies.
Thailand demonstrates a growing embrace of upcycled products, with examples ranging from clothing made from plastic bottle caps to toys from natural waste materials, showcasing practical applications and market recognition.

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.