Thailand and Sri Lanka sign FTA to boost bilateral trade

2 Oct 05:59 Key points summarised by AI

Thailand and Sri Lanka signed a Free Trade Agreement (FTA) aimed at significantly boosting bilateral trade and providing strategic market access, with Thailand expanding into South Asia and Sri Lanka leveraging Thailand for ASEAN trade.
The two nations also agreed on enhanced air travel services, pushing for visa-free travel, and collaborating on clean energy, maritime security, and the development of Sri Lanka's fishing industry, coinciding with Thai Airways launching a new Bangkok-Colombo flight.

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.