Floods could cost Songkhla’s tourism sector Bt7bn

15 Sept 02:48 Key points summarised by AI

Severe flooding in Songkhla, particularly Hat Yai, threatens a staggering Bt7 billion loss for the tourism sector, with potential to reach Bt10 billion if recovery is delayed.
The disaster struck during the peak tourism season, leading to the cancellation of major events like the SEA Games and stranding over 10,000 travelers.
Only 20 out of over 300 hotels in the region are currently operational, with most rooms occupied by aid agencies, indicating a prolonged recovery period of 2-3 months for many businesses.
Hotel operators are urgently appealing to the government for relief measures, including debt moratoria, low-interest recovery loans, and temporary suspension of land-tax payments, citing concerns over the flood crisis management.

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.