Progress made in ASEAN-China FTA talks in Hangzhou

16 Sept 13:11 Key points summarised by AI

ASEAN and China achieved substantial progress in the 5th round of ACFTA upgrade negotiations in Hangzhou, targeting a comprehensive agreement by year-end.
Key conclusions were reached on critical areas including small and medium-sized enterprises, trade competition, consumer protection, and goods standardization.
Upcoming talks in Singapore will address remaining aspects such as the digital economy, investment, and green economy, driving towards the finalization of the agreement.
The ongoing negotiations highlight the strategic importance of China as ASEAN's largest trading partner, with significant bilateral trade volumes underscoring the FTA's impact.

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.