Nationwide crackdown launched on illegal nominee shareholders and land holdings
US Secretary of State hails the signing of documents as taking Thai-US ties into the 21st century
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US Secretary of State hails the signing of documents as taking Thai-US ties into the 21st century
13 Sept 10:57Key points summarised by AI
US Secretary of State Anthony Blinken celebrated the signing of a Communique on Strategic Alliance and Partnership and an MoU to Promote Supply Chain Resilience with Thailand, aiming to deepen their alliance.
The Communique expands cooperation into 21st-century areas such as clean and renewable energy technologies, including electric vehicles and carbon capture.
The MoU is designed to enhance supply chain resilience by enabling both countries to share information and consult on potential disruptions, facilitating early intervention.
Blinken highlighted that these new agreements build upon the long-standing 1833 Treaty of Amity and Commerce, elevating the partnership to address modern challenges and shared goals for a free and prosperous Indo-Pacific.
Thailand's leadership in the Clean Energy Initiative has attracted significant US investment, with American companies committing up to $2.7 billion to its clean energy sector.
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.