Thailand’s press giants raise prices as digital media erode sales

10 Sept 15:34 Key points summarised by AI

Thailand's top daily newspapers, Thairath and Daily News, are increasing their cover prices by 50% to counteract soaring production costs and a decade-long decline in readership.
The price hike underscores a deepening crisis as readers migrate to digital platforms, drastically reducing newsstand numbers and daily sales, with many long-term elderly subscribers canceling orders.
Major distributors report a 90% sales volume drop over the past decade, forcing them to adapt by expanding delivery areas and pivoting to online subscription models for physical papers.
Industry leaders believe print media can survive by focusing on high-quality, in-depth content like editorials and investigative reports, offering a level of credibility and rigor that digital snippets often lack.

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.