Caretaker government moves to secure loan amid oil price surge

13 Sept 11:05 Key points summarised by AI

The caretaker government plans to seek Election Commission (EC) consent to secure a loan for the Oil Fuel Fund, which is facing a liquidity crunch.
The fund, with only 40 billion baht in reserve, is spending 12 billion baht daily to subsidize domestic oil prices, particularly diesel, due to surging global oil costs.
EC permission is legally required for the caretaker government to enter into a loan agreement that would bind the incoming administration, as waiting for a new government would be too late to address the fund's rapidly depleting reserves.

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.