NESDC projects Thailand’s GDP to grow by only 2 percent this year

12 Sept 12:11 Key points summarised by AI

The National Economic and Social Development Council (NESDC) projects Thailand's GDP to grow by a modest 2% in 2025, following a Q3 contraction to 1.2% and 2.4% growth over the first three quarters of the current year.
NESDC forecasts even slower GDP growth for 2026, ranging between 1.2% and 2.2%.
Third-quarter growth was supported by increases in private consumption (2.6%), private investment (4.2%), and exports (10.8%), despite contractions in public sector consumption and government investment.
Future growth hinges on anticipated increases in private consumption and investment, government policy support, a recovering tourism sector, and increased agricultural output.

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.