Weekend Cabinet meeting greenlights Bt130bn oil price relief package

13 Sept 23:06 Key points summarised by AI

The Thai Cabinet approved a comprehensive 130 billion baht package to mitigate the impact of rising oil prices across various sectors.
The relief targets low-income individuals, SMEs, farmers, and public transport operators with direct financial aid and fuel subsidies.
Significant funding is allocated to promote clean energy adoption, offering soft loans for electric vehicle purchases and rooftop solar panel installations.
State financial institutions, including GSB, GHB, and BAAC, will disburse funds through tailored loan programs to support affected groups and encourage green transitions.

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.