PM urges banks to ease lending to SMEs, help household debtors

18 Sept 08:45 Key points summarised by AI

The Prime Minister convened with the Thai Bankers Association, urging them to ease lending for SMEs and provide relief for household debtors amidst pressing economic challenges.
Emphasizing the urgency, the PM pushed for swift implementation of solutions to tackle Thailand's significant household debt, which stands at 87.4% of GDP and potentially higher with informal debt.

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.