Price of palm oil to rise by Bt1-2 per litre

12 Sept 02:43 Key points summarised by AI

Thailand's Commerce Ministry approved a 1-2 baht per litre increase for bottled palm oil, pushing prices to 49-50 baht.
Oil palm growers are demanding government intervention to stabilize declining seed prices, proposing a fixed price of 8.90 baht per kilogram to reflect production costs.
The Department of Internal Trade assures sufficient palm oil supply and plans to increase its use in the energy sector by switching to higher biodiesel blends (B7 and B20) to absorb surplus.
Growers advocate for B10 to be declared the standard biodiesel to further boost demand for oil palm seeds and stabilize market prices.

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.