Nationwide crackdown launched on illegal nominee shareholders and land holdings
Thai Cabinet approves ฿6.6bn for two new bridges in the South
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Thai Cabinet approves ฿6.6bn for two new bridges in the South
13 Sept 09:42Key points summarised by AI
The Thai Cabinet approved ฿6.6 billion for two vital bridge projects in the South, aiming to drastically improve regional connectivity and reduce travel times.
A ฿4.841 billion bridge over Songkhla Lake will connect Krasae Sin and Khao Chaison, cutting an 80km, two-hour journey to a mere 7km and 15 minutes, boosting tourism and logistics across Songkhla, Phatthalung, and Trang.
Another ฿1.8 billion bridge will link Lanta and Lanta Noi islands in Krabi, replacing the current slow ferry service that causes 1-2 hour delays for a short 1.53km distance due to small capacity and tidal issues.
Construction for both projects is scheduled to commence in 2023/next year and complete within three years, with the Songkhla Lake bridge requiring a crucial environmental impact assessment to protect a nearby fish conservation zone.
Nationwide crackdown launched on illegal nominee shareholders and land holdings
Yesterday 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.