Private sector urged to brace for more Trump trade uncertainty

19 Sept 19:03 Key points summarised by AI

The US has imposed an immediate 15% tariff increase on all imports, signaling continued trade uncertainty and the potential for further tariff weaponization by the Trump administration.
Thai exporters face significant challenges, including higher production costs, reduced competitiveness due to currency fluctuations, and difficulties in long-term business planning amid unpredictable US trade policies.
The ongoing tariff uncertainty is pressuring investors to adjust supply chains and consider relocating production bases to mitigate risks.
The Thai government is urged to expedite trade negotiations with the US to help the private sector adapt, improve competitiveness, and potentially leverage Thailand's role as a regional trade and production hub.

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.