Thailand may seek African, Americas oil as Middle East tensions rise

13 Sept 07:12 Key points summarised by AI

Thailand plans to diversify its oil sources to western Africa and the Americas, anticipating potential supply disruptions from the Middle East, with first shipments expected in April.
A temporary export ban on crude oil and refined petroleum products is under consideration to ensure sufficient domestic reserves if Middle East tensions escalate further.
Authorities are closely monitoring the strategic Strait of Hormuz, as global oil prices have already risen by about 7% amid the regional uncertainty.
To manage peak electricity consumption in April, the Electricity Generating Authority of Thailand will increase output from coal-fired and hydroelectric plants and postpone maintenance.
Motorists are encouraged to use public transport to conserve domestic supplies as uncertainty over Middle Eastern oil supplies persists.

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.