Nationwide crackdown launched on illegal nominee shareholders and land holdings
Is the massive “land bridge” project worth the trillion baht investment?
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Is the massive “land bridge” project worth the trillion baht investment?
20 Sept 01:11Key points summarised by AI
The proposed 'land bridge' mega-project aims to connect Thailand's Andaman Sea (Ranong) and Gulf of Thailand (Chumphon) coasts via a 90km network of deep-sea ports, a six-lane highway, dual-track railway, and oil pipelines.
Intended as an alternative to the congested Strait of Malacca, the project promises to shorten shipping times, significantly increase southern Thailand's annual GDP contribution to 10%, and generate substantial economic value and jobs.
Estimated at one trillion baht, with funding expected from the private sector, the project faces strong opposition and concerns from conservationist groups regarding its massive investment, funding viability, and potential severe impacts on the environment, tourism, and fishing industries.
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.