Thailand to seek tariffs similar to trade competitors, Finance minister says

1 Oct 08:27 Key points summarised by AI

Thailand's finance minister announced plans to negotiate tariff alignment with trade competitors to mitigate economic impacts from existing tariffs.
The country aims for tariffs equal to its competitors, especially as it faces a potential 36% U.S. tariff if a reduction isn't negotiated before a July moratorium expiry.

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.