Nationwide crackdown launched on illegal nominee shareholders and land holdings
Millions of struggling Thai workers eye election promises to ease daily hardship
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Millions of struggling Thai workers eye election promises to ease daily hardship
14 Sept 05:38Key points summarised by AI
Millions of Thai workers, burdened by low wages and soaring living costs, face severe financial hardship, with nearly all low-income earners struggling with debt and inadequate welfare.
Ahead of the May 14 election, major political parties are campaigning on significant promises, including raising the daily minimum wage to between 400 and 600 baht and increasing starting salaries for graduates.
Labor rights networks are demanding even higher minimum wages (723-789 baht) and comprehensive worker protections, encompassing union rights, maternity leave, and provident funds.
Economic experts caution that while wage hikes are popular, a sustainable solution requires a holistic approach focusing on boosting worker productivity, ensuring social safety nets for informal workers, and promoting inclusivity to avoid potential economic risks.
Nationwide crackdown launched on illegal nominee shareholders and land holdings
Today 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.