China becoming major market for Thai palm oil exports

14 Sept 03:11 Key points summarised by AI

China's increasing demand for Thai palm oil is set to reduce Thailand's significant dependence on India as its primary export market.
Thailand plans to elevate its palm oil exports by producing upgraded products, such as organic and trans-fat-free varieties, to cater to health-conscious consumers in China's food industry.
Thai exporters are encouraged to utilize digital platforms and trade agreements like RCEP and ACFTA to expand market access, enhance price competitiveness, and rebrand Thai palm oil as a high-quality, sustainable product.

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.