Diesel price to jump by 2.80 baht per litre today as subsidy is cut again

11 Sept 06:59 Key points summarised by AI

Thailand's Oil Fuel Fund Management Committee reduced the diesel subsidy by 2.61 baht/litre, causing a 2.80 baht/litre price increase that pushes Diesel B7 above 50 baht.
This move aims to ensure the Oil Fuel Fund's long-term sustainability amid volatile global oil markets and is expected to significantly ease the fund's daily financial strain.

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.