Thai exports forecast to grow by 2-3 percent next year

12 Sept 21:29 Key points summarised by AI

Thai Ministry of Commerce and the private sector project a 2-3% export growth for 2025, targeting a total value of US$305 billion, building on an estimated 5% growth this year.
Thailand actively pursues Free Trade Agreements (FTAs) with the EU, South Korea, and other nations, aiming to establish itself as a production base for modern industries like printed circuit boards.
Commerce Minister Pichai Naripthaphan acknowledges potential challenges from future US trade policy shifts, planning a delegation to explain the significant role of American firms in Thai exports to the US.
The minister expresses concern over the recently strengthened Thai baht, which could diminish export competitiveness against countries like Vietnam and Indonesia, advocating for a weaker exchange rate of 36-37 baht per US dollar.
The Thai Chamber of Commerce shares optimism for next year's export prospects but remains wary of the unpredictable nature of US trade policies under a potential Trump administration.

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.