FTI urges swift energy price cuts as Middle East tensions ease

13 Sept 08:34 Key points summarised by AI

The Federation of Thai Industries (FTI) urges the government to swiftly reduce domestic energy prices, aligning them with falling global crude costs following eased Middle East tensions.
Key proposals include immediately adjusting retail fuel prices to reflect global declines and reassessing the Oil Fuel Fund to reduce the financial burden on fuel users.
FTI emphasizes that these price adjustments are crucial for easing cost-of-living burdens, lowering operational expenses for businesses (especially SMEs), and stimulating economic recovery.
The federation also calls for demonstrating responsive economic governance to build confidence and accelerating the transition to clean energy for long-term national energy security.

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.