Thailand is joining OECD

13 Sept 06:36 Key points summarised by AI

Thailand has formally submitted a letter of intent to join the Organization for Economic Cooperation and Development (OECD), with Cabinet approval initiating negotiations.
The membership process is projected to take 5-7 years, aiming to enhance foreign investor confidence and align Thailand with OECD economic standards, building on existing cooperation through the Phase 2 country program.

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.