Nationwide crackdown launched on illegal nominee shareholders and land holdings
Competitiveness of Thai exports shored up
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Competitiveness of Thai exports shored up
21 Sept 04:43Key points summarised by AI
The Commerce Ministry asserts Thai exports will maintain competitiveness, facing the same 19% tariff as rivals in the main US market.
While export growth to the US slowed after new tariffs took effect in August 2025, overall Thai exports to the world market have consistently increased for 14 months, growing 13.3% in the first eight months of the year.
Despite a trade deficit from accelerated imports and challenges like border issues and global demand decline, Thailand is expected to meet its 2-3% export growth target for 2025.
Major Thai exports include wheat products, processed food, computers and parts, machinery, electronic circuits, and gems and jewelry.
Nationwide crackdown launched on illegal nominee shareholders and land holdings
Today 15:20Key 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.