PM claims foreign corporations now more at ease about investing in Thailand

16 Sept 04:54 Key points summarised by AI

Prime Minister Srettha Thavisin reported that foreign multi-national companies are more at ease about investing in Thailand, following his visit to the United States.
He actively engaged with global business leaders, including executives from Microsoft, Tesla, Google, and JP Morgan, to encourage significant investments in Thailand.
Specific proposals included asking Microsoft to invest US$5 billion in a regional data center and Tesla to establish an electric vehicle assembly plant.
Srettha also informed the UN General Assembly of Thailand's commitment to democracy, human rights, and sustainable economic development, aiming to bolster investor confidence.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Yesterday 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.