Thailand plans oil export ban, seeks Cabinet nod for energy saving

10 Sept 12:30 Key points summarised by AI

Thailand's Energy Ministry plans to impose a ban on crude oil and finished petroleum product exports, with exceptions for Laos and Myanmar due to their critical energy contributions.
The ministry aims to increase national oil reserves from 65 to 95 days by allowing oil traders to boost local consumption reserves from one percent to three percent.
The government will seek Cabinet approval for energy conservation measures and intends to freeze diesel prices using the Oil Fuel Fund mechanism.

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.