Amid a few bright spots, Thai economy faces plenty of challenges in 2025

13 Sept 11:33 Key points summarised by AI

The Thai economy projects modest GDP growth of 2.9% in 2025, primarily driven by increased public and private investment, alongside a robust recovery in tourism.
Significant external threats include escalating geopolitical uncertainties, potential US tariffs on Thai exports, and intense competition from cheaper Chinese imports impacting local manufacturing sectors.
An uneven 'K-shaped' economic recovery persists, with thriving tourism contrasting sharply with struggling industries like real estate and automotive, further exacerbated by high household debt hindering private consumption.

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.