Cash in circulation down ahead of Loy Krathong festival

13 Sept 09:50 Key points summarised by AI

Thailand's Loy Krathong festival anticipates its lowest cash circulation in four years, with consumer spending projected to drop by 6.5% to just over 9.6 billion baht.
The significant reduction in spending is primarily attributed to nationwide mourning for the late Queen Mother, coupled with rising living costs.
A survey reveals that while 66.2% plan to observe the tradition, they intend to spend less, favoring local celebrations, family dining, and merit-making in tribute to the late Queen Mother.

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.