S&P has confidence in Thailand's economic outlook — Finance Minister

11 Sept 22:01 Key points summarised by AI

S&P Global affirmed Thailand's sovereign credit rating at BBB+ with a stable outlook, projecting economic growth of 2.3% for 2025 and 2.0% for 2026.
This positive assessment is attributed to the government's supportive fiscal policies, strategic investments in the Eastern Economic Corridor (EEC) and infrastructure, and robust tourism promotion efforts.
Thailand maintains strong external finances with a current account surplus, alongside an average real GDP growth forecast of 2.3% annually through 2028.
Finance Minister Ekniti emphasized S&P's recognition of the government's transparency, accountability, and strict fiscal discipline in economic policy implementation.

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.