A matter of rice and death in Myanmar

14 Sept 01:40 Key points summarised by AI

Myanmar's ambition to double rice exports by 2025 faces severe hurdles due to the economic turmoil following the 2021 military takeover.
Farmers contend with dramatically increased input costs for fuel, fertilizer, and pesticides, while a fixed exchange rate suppresses export rice prices, discouraging planting and production.
Strict foreign currency controls have crippled import capabilities, leading to shortages of essential goods and fueling a growing food security crisis affecting nearly 25% of the population.
Businesses struggle with profound uncertainty and a lack of trust in the current leadership, making long-term planning impossible and impeding any economic recovery.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Yesterday 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.