Troubled “Digital “Wallet” scheme delayed

2 Oct 17:25 Key points summarised by AI

Deputy Finance Minister Julapun Amornvivat confirmed the delay of the digital wallet scheme, originally set for May, despite previous assurances.
The delay stems from the government's need to carefully review legal observations from the Council of State regarding a proposed Bt500 billion borrowing bill.
The Council of State advised the Finance Ministry to justify an economic crisis to legally issue the loan bill, emphasizing their role as legal advisors, not approvers.
The government is also awaiting official recommendations from the National Anti-Corruption Committee (NACC), which reportedly voiced concerns about the scheme's potential risks.

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.