Diesel prices to drop by Bt2.14 Thursday after refinery margin adjustment

10 Sept 21:17 Key points summarised by AI

Thailand will implement a 2.14 baht per litre cut in retail diesel prices, effective March 9.
This reduction stems from a historic adjustment to the refinery margin formula, now benchmarked against Singapore market prices.
Retail pump prices for Diesel B7 will fall to 48.40 baht/litre and Diesel B20 to 43.40 baht/litre.
Despite reduced subsidies to improve liquidity, the Oil Fuel Fund remains significantly in debt, facing a 57.76 billion baht deficit.
The initiative aims to lower living costs and drive the Thai economy forward amid global energy fluctuations.

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.