The Pheu Thai Party has released an official clarification on its Landbridge project, firmly stating that if the initiative proves unviable or lacks public support, it will be shelved entirely. In a statement posted on May 11, 2569, the party dispelled multiple rumors, clarifying that the Landbridge project is distinct from the failed Special Economic Zones (SEC) legislation that was abandoned two parliamentary sessions ago. The party emphasized that no final investment decisions have been made, and the project currently remains in the feasibility study phase under a 90-day review led by Deputy Prime Minister Ekniti Nitithanprasert. The party denied three key allegations: that foreign nationals would be granted 99-year land leases, that casino operations would be permitted, and that a one trillion baht budget had been allocated. According to Pheu Thai, the project's objectives—if it proceeds—include positioning Thailand as a regional logistics hub, reducing maritime shipping times, enhancing competitiveness, and generating long-term economic growth and employment. Critically, the party stated that local and national public opinion will be the deciding factor in whether the project advances. Pheu Thai warned it would pursue legal action against anyone spreading false information or defaming the party regarding the project.

The Football Association of Thailand has appointed Krisdaa Chinawicharn, a former Deputy Minister of Finance and board member, as Chair of the King's Cup Host Selection Committee. The association is accepting applications to select a province capable of hosting the 52nd King's Cup, a royal trophy football competition scheduled for November 9-17, 2025, in a four-team tournament format.

Four provinces have submitted bids: - Sisaket Province: Sisaket Provincial Sports Stadium (Island Stadium) - Khon Kaen Province: Khon Kaen Provincial Administration Organization Sports Stadium - Ayutthaya Province: Ayutthaya Provincial Sports Stadium - Rayong Province: Rayong Provincial Sports Stadium

To ensure a smooth and effective selection process, the committee has been established with the following members: 1. Krisdaa Chinawicharn as Committee Chair 2. Ms. Ravida Sosotthikul as Committee Member 3. Ms. Kritsya Phoumongkhonsuriya as Committee Member

The committee will oversee studies, supervision, inspections, coordination, and follow-up regarding the host selection process. They will also coordinate with government agencies, private sectors, and related organizations. Host qualification criteria include:

- Match stadium, training facilities, and amenities meeting Thai League or AFC standards (requiring at least 2 training fields and 4 locker rooms) - Standard lighting for match and training fields - International-standard food service - Proximity to international and domestic airports - Four to five-star hotels with sufficient capacity for teams, referees, and tournament staff - Adequate tournament management personnel

These requirements will upgrade public infrastructure and facilities at provincial sports stadiums, contributing to Thailand's development of internationally-standard football venues as recognized by AFC and FIFA. The winner will be announced at the FA Thailand Awards 2025-26, following the conclusion of the 2025-26 professional football league season.

On May 11, 2025, at the Social Security Office headquarters, Labor Minister Julphand Amornvivat held a press conference following a meeting with senior officials from the Social Security Office, including Deputy Permanent Secretary Wannapong Kacharaksa as chairman of the Social Security Board, and Secretary-General Kanjana Pulkaew. The discussion was divided into three main areas: the Social Security Office, the Compensation Fund, and the Social Security Board, focusing on implementing new policies and driving collaborative work efforts.

Amornvivat acknowledged that the Social Security Office currently faces a 'crisis of confidence' stemming from internal conflicts and communication issues that have negatively impacted the organization's image. However, he affirmed that audits by relevant agencies, including the Ministry of Finance, found no problems with fund management and that the funds remain in good condition. He stressed the need for greater transparency going forward, allowing the public to scrutinize all operations without hidden agendas.

A key policy priority is expanding coverage to platform workers and gig economy workers, many of whom currently fall outside the social security system. With over 300,000 riders currently and potentially millions more within 3-5 years, the Labor Ministry is preparing amendments to social security laws. The minister acknowledged ongoing discussions about whether to include platform workers under existing provisions or create new categories, as their employment model differs significantly from traditional workers.

Amornvivat also proposed bringing more migrant workers into the social security system to reduce illegal labor issues and ensure workers receive proper protections. Additional emphasis will be placed on preventive measures including occupational health and safety, and rehabilitation programs to return injured workers to the labor market, ultimately reducing the billions spent annually on medical costs.

Regarding widespread complaints about the SSO Core web application system, Amornvivat admitted the problems persist and discussions are underway to find solutions. The ministry is also pushing 'Quick Win' measures to improve benefits without significant budget increases but with immediate quality-of-life improvements for members.

When pressed on past concerns about fund expenditure management, the minister explained that all spending processes operate within legal frameworks and are reported to the board and oversight agencies such as the Office of the Auditor General.

Pongsapun Amorwiwattana, Chief Executive Officer and Managing Director of Thai Oil Public Company Limited (TOP), announced that the company posted net profit of 19.481 billion baht for the first quarter of 2025. Of this, 85% or 16.746 billion baht came from net gains on oil inventory valuations, with an additional 2.436 billion baht in gains from debt repurchases. "Despite strong operating profits, the company recognized 6.628 billion baht in other expenses and losses," Amorwiwattana stated. "When these are excluded, the group's underlying net operating profit stands at 6.927 billion baht, with refining business net profit of 4.136 baht per liter."

The executive cautioned that these oil stock gains are temporary and could reverse into losses if oil prices decline as geopolitical tensions ease. The company had secured crude oil supplies one to two months in advance during the period of heightened conflict, meaning Q1 accounting costs do not fully reflect the impact of price volatility.

Refining margins including oil stock gains reached 7.6 baht per liter in Q1, but are expected to gradually decline to 2.6 baht per liter in Q2, turn negative at minus 2.3 baht per liter in Q3, and flatten to near zero in Q4. The company forecasts full-year 2025 refining margins of around 2.0 baht per liter.

For Q2 outlook, the company expects continued market volatility and anticipates recognizing oil inventory losses starting from Q2 onwards, as the crude purchased during March-April's crisis period becomes reflected in production costs. However, should geopolitical tensions resolve, crude prices would fall and create downstream losses from high-cost inventory.

Regarding government fuel price reductions of 2-5 baht per liter between April 9 and May 19, the company views this as a short-term measure. Any further price reductions would require careful consideration, and negotiations over recovering previously reduced refining margins remain ongoing.

On May 11, 2025, the Securities and Exchange Commission (SEC) opened a public hearing on proposed enhancements to takeover acquisition guidelines to improve clarity and alignment with current market conditions. The revisions are designed to give shareholders and investors more adequate information for decision-making while reducing regulatory burdens and obstacles for private enterprises.

The SEC is currently refining guidelines on mandatory takeover bids when acquiring company shares directly or controlling entities under Section 258, exemptions from general takeover obligations, bid pricing determinations, bidder obligations and conditions, and partial tender offers. The SEC has already solicited public comments on these core principles.

During the refinement process, the SEC identified areas that lacked clarity and could affect practical application. The Capital Market Supervisory Board has approved these additional improvements, and the SEC now invites further public input to ensure the guidelines are comprehensive, current, and support better investor decision-making while easing private sector compliance.

Key improvements include: (1) Requiring Form 247-3 disclosures for conditional public announcements of takeover intentions, with updates to provide companies, shareholders, and investors formal reports on binding conditions before tender offers, while exempting Form 247-3 for delisting tender offers to reduce private sector burden; (2) Clarifying conditions for partial tender offer exemptions regarding share calculations for convertible securities and shareholder vote counting; and (3) Setting 7-business-day deadlines to reduce shareholding proportions and 3-business-day reporting deadlines for Form 246-2 in takeover exemption cases.

Documentation for public comment is available on the SEC website at https://www.sec.or.th/TH/Pages/PB_Detail.aspx?SECID=1160 and the central legal system at https://law.go.th/listening.