Bt200bn in soft loans for SMEs impacted by US tariffs

13 Sept 08:59 Key points summarised by AI

The Thai government will allocate 200 billion baht in soft loans to SMEs to cushion the impact of new US tariffs on Thai goods.
Finance Minister Pichai Chunhavajira views negotiations with the US as a 'zero-sum game,' indicating Thailand may need to open its domestic market to US imports by removing duties on agricultural, automotive, and energy sectors.
Crucial talks are expected before the US-imposed August 1st deadline, with the minister hoping for political stability to ensure successful negotiations.
A major semiconductor company has already postponed its investment plan in Thailand due to the uncertainty surrounding the US tariff negotiations.

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.