Can new Bangkok governor tame ‘black hole’ of city investment arm?

13 Sept 08:56 Key points summarised by AI

Newly elected Bangkok Governor Chadchart Sittipunt has branded Krungthep Thanakom (KT), the city's investment arm, a 'black hole' and 'breeding ground of corruption,' vowing a major transformation.
Prof Tongthong Chandransu has been appointed chairman of KT, tasked with injecting transparency and efficiency into its operations, aligning with Governor Chadchart's campaign pledges.
KT, responsible for multibillion-baht projects including BTS Green Line and waste management, has a history of scandals and opaque dealings, with crucial contract details often withheld from the public.
Governor Chadchart pledges to publicize all procurement information, ensuring accountability and data disclosure at every stage, from project planning to implementation.
Critics argue KT's status as a BMA-owned limited company allows it to bypass public-private partnership laws and scrutiny, acting as an often-unnecessary and secretive intermediary for city projects.

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.