PTT announces 2m barrels of crude will arrive on Tuesday from the Middle East

13 Sept 23:49 Key points summarised by AI

PTT's supertanker, carrying 2 million barrels of Middle Eastern crude, is set to arrive in Thailand on Tuesday after significant delays.
The vessel was stranded in the UAE since March 7 and resumed its journey on April 10, coinciding with a ceasefire agreement.
To ensure energy security amidst Middle East tensions, PTT proactively diversified its crude oil sources, incurring higher costs.
This revised procurement strategy imposed a 230 billion baht liquidity burden on PTT, covering margin calls, working capital, and fund contributions.
PTT affirmed it would absorb these additional financial costs, ensuring they are not passed on to consumers.

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.