Nationwide crackdown launched on illegal nominee shareholders and land holdings
Thailand’s tourism sector keen to welcome Chinese tourists back
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Thailand’s tourism sector keen to welcome Chinese tourists back
23 Sept 07:09Key points summarised by AI
Thai tourism businesses in Chiang Mai and Phuket are eagerly anticipating the return of Chinese visitors after a three-year hiatus, aiming to revitalize the sector.
While some companies are recovering by rehiring staff and seeing increased arrivals from other Asian markets, the full return of Chinese tour groups is hindered by significantly higher airfares and limited flights.
Phuket authorities assure readiness for tourists, but local businesses are concerned about recent, sudden changes to entry rules, such as new vaccine and insurance requirements, which have led to numerous booking cancellations.
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.