Nationwide crackdown launched on illegal nominee shareholders and land holdings
Does crashing birthrate and aging society spell doom for Thailand?
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Does crashing birthrate and aging society spell doom for Thailand?
23 Sept 15:51Key points summarised by AI
Thailand confronts a severe demographic crisis: Its median age of 40 and a fertility rate of 1.1 births per woman signal a projected 50% population decline by 2100, with deaths now surpassing births.
This demographic shift poses dire economic and social threats: Anticipated impacts include underutilized infrastructure, widespread labor shortages, diminished consumer demand, and increased strain on social systems across all sectors.
Experts advocate for comprehensive policy interventions: Solutions include attracting skilled foreign migrants, granting nationality to qualified individuals, extending the retirement age, integrating technology in the workplace, and robustly supporting families.
Inadequate past policies contrast with new government pledges: While previous incentives for parents were insufficient, the incoming Pheu Thai government promises enhanced welfare, extended leave, and support for assisted reproductive technology to boost birthrates.
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.