Nationwide crackdown launched on illegal nominee shareholders and land holdings
Has the Pheu Thai-led government put military reform on the back burner?
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Has the Pheu Thai-led government put military reform on the back burner?
13 Sept 11:04Key points summarised by AI
The Pheu Thai-led government faces criticism for a 2% defense budget hike in 2024 amid an economic crisis, with the opposition questioning its commitment to military reform.
Defense Minister Sutin Klungsang pledged to modernize and downsize the armed forces but requested more time, while the opposition argued the budget increase would not facilitate real change.
Plans to reduce the number of generals are muddled by conflicting figures from government officials, and the 2024 budget bill does not reflect any such reduction, suggesting potential expansion rather than downsizing.
The controversial submarine procurement project with China remains stalled due to engine problems and EU restrictions, leaving the government undecided on whether to proceed, swap for a frigate, or face legal and diplomatic complexities.
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.