European heat drives Thai air-conditioner exports

11 Sept 23:31 Key points summarised by AI

Europe's severe heatwaves are significantly boosting Thailand's air conditioner and parts exports, establishing Europe as an increasingly promising market.
Exports to Europe in May 2026 alone surged 40.7% year-on-year, reaching over US$148 million, marking the strongest growth in seven months.
Demand for environmentally friendly heat pump air conditioners, offering both cooling and heating functions, is particularly high, with exports in this segment soaring 70.6% in May.
This robust demand is projected to continue due to anticipated future heatwaves and Europe's long-term structural shift towards rising temperatures, though exporters should monitor EU regulations.

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.