APEC can be much more with increased action and binding commitments

14 Sept 03:18 Key points summarised by AI

Experts advocate for APEC to evolve beyond a discussion forum, urging the implementation of more binding commitments and concrete actions to enhance its relevance and effectiveness.
Significant hurdles exist for APEC to achieve binding agreements like a Free Trade Agreement (FTA), primarily due to geopolitical clashes among key member nations such as China, the US, and Russia, alongside the complex status of Chinese Taipei.
Despite its current limitations, APEC is deemed essential, especially during global crises, and must adapt to actively drive constructive solutions for world economic and food security challenges.

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.