Thailand in BRICS labyrinth

14 Sept 11:32 Key points summarised by AI

Thailand displayed a complex diplomatic stance by abstaining from a pro-Ukraine communique in Switzerland while simultaneously advocating for BRICS membership during a visit to Russia.
The nation faces a dilemma, balancing its long-standing economic ties with the West against the allure of BRICS, which offers an alternative economic order and potential "liberation" from the US-led system.
Motivations for considering BRICS include substantial trade with key members like China and Russia, increasing tourism, and a desire for an alternative amid perceived uncertainties of the US dollar.
Joining BRICS, however, presents significant political challenges both internationally, given the bloc's anti-Western perception, and domestically, with potential opposition from political parties.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

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.