Activists slam oil pricing formula, demand reform

14 Sept 06:31 Key points summarised by AI

Activists urge the government to accelerate oil price restructuring for fair consumer prices, criticizing the use of Singapore oil prices as a benchmark for domestic costs.
They propose capping the gross refining margin (GRM) at 2.50 baht per litre, arguing the current 16.40 baht per litre charged by refiners is excessive.
The network advocates for ending biofuel blending in diesel and gasoline due to reduced fuel efficiency and scrapping Saudi Arabian price references for locally extracted LPG.
They also demand empowering the Oil Fuel Fund Executive Committee to reclaim windfall profits from oil refiners, opposing government loans that burden taxpayers.

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.