Can Korn Chatikavanij pull off his ‘brave’ political resurrection?

13 Sept 18:09 Key points summarised by AI

Former Finance Minister Korn Chatikavanij is making a significant political gamble by leaving his co-founded Kla Party to lead the Chart Pattana Kla Party, marking his first election as a party leader.
This move is seen as a strategic alliance between smaller parties, aiming to enhance their chances of survival in the upcoming general election, which will feature a new two-ballot system and a higher vote threshold for party-list seats.
As the new leader, Korn pledges a 'major restructuring' of Thailand, vowing to overhaul the economy and bureaucracy, improve people's income, confront large corporations, and modernize the public sector through digital transformation.
Korn's bid for leadership is backed by his extensive background in finance as a fund manager and CEO, and his prior political experience as a finance minister, where he was recognized for his economic management skills.

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.