Nationwide crackdown launched on illegal nominee shareholders and land holdings
Malaysian tourists in Thailand expected to outnumber those from India
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Malaysian tourists in Thailand expected to outnumber those from India
14 Sept 01:32Key points summarised by AI
Malaysian tourists are projected to outnumber Indian visitors to Thailand following the abolition of the “Thailand Pass” requirement from July 1st, signaling a shift in top source markets.
The removal of the “Thailand Pass” and mandatory US$10,000 health insurance aims to significantly increase overall tourist arrivals, targeting 900,000 monthly.
Thailand leverages a weakening baht, low cost of living, and competitive hotel rates to attract visitors, though Chinese arrivals remain suppressed by lockdowns.
New entry requirements from July 1st streamline travel, necessitating only vaccination proof or a recent negative COVID test, with on-arrival testing for those without documentation.
Nationwide crackdown launched on illegal nominee shareholders and land holdings
Today 15:20Key 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.