Thai economy resilient to Middle East turmoil, says finance minister

14 Sept 03:01 Key points summarised by AI

Thailand's finance minister affirms the economy's fundamental stability and strong financial sector, capable of managing risks from Middle East volatility.
Potential impacts include rising energy costs, disruptions to global trade and supply chains, reduced tourism, and risks to 100,000 Thai nationals working in the region.
The government has proactively implemented measures to cushion economic effects, such as ensuring sufficient oil reserves, mitigating production cost increases, and supporting exporters/importers.
An economist predicts the conflict will be short-lived (maximum two weeks) and global oil supplies will remain stable unless oil wells or installations are directly attacked.

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.