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FPO downplays ‘stagflation’ fears as FY26 GDP growth forecast is cut to 1.6%

12 Sept 09:22 Key points summarised by AI

The Fiscal Policy Office (FPO) maintains Thailand is not in 'stagflation,' despite cutting its FY26 GDP growth forecast to 1.6% and projecting a sharp rise in headline inflation to 3.0% due to global energy market instability.
FPO asserts that Thailand's investment fundamentals and financial stability remain controllable, with government spending and exports continuing to provide essential economic momentum.
To counter economic slowdowns, the Ministry of Finance is preparing new stimulus measures, including co-payment schemes designed for a higher multiplier effect, and fast-tracking green initiatives like tax deductions for solar rooftops and soft loans for clean energy investments.

Today 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.