What will be the economic cost of the current political crisis?

14 Sept 11:03 Key points summarised by AI

Thailand's renewed political instability, marked by the Constitutional Court's removal of the Prime Minister, threatens to delay government formation and essential policy implementation, causing widespread economic anxiety.
Economists warn that potential delays in approving the 3.78 trillion baht fiscal 2026 budget could severely hurt the economy, potentially leading to a downward revision of already modest GDP growth forecasts.
The political uncertainty has already shaken investor confidence, causing jitters in the stock market and prompting private sector leaders to demand swift, concrete policies to stabilize the economy.
Experts emphasize that any new government must act quickly to address challenges like sluggish domestic consumption, investment, and tourism, warning that further delays could lead to a credit rating downgrade and hinder growth compared to regional peers.

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.