Nationwide informal debt mediation operations to start on Monday

13 Sept 13:05 Key points summarised by AI

The Ministry of Interior will launch nationwide informal debt mediation operations starting Monday, as part of the "debt solving market place" program.
Registered informal debtors and lenders will meet at provincial and municipal offices, with government representatives acting as mediators to facilitate debt settlements.
Since its December 1st launch, the program has attracted over 126,000 debtors and 97,000 lenders, with 2,896 cases already resolved from a total debt of 8.11 billion baht.
Beyond mediation, the initiative will offer additional services like employment assistance and free legal counseling, with security provided to protect debtors from harassment by lenders.

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.