Nationwide crackdown launched on illegal nominee shareholders and land holdings
Srettha walks a tightrope between maritime border and energy exploration with Cambodia
AI In-Brief
Thailand News in Brief
Thai PBS World
Thailand and the world, every day
AI can make mistakes. Please double-check.
Srettha walks a tightrope between maritime border and energy exploration with Cambodia
14 Sept 02:00Key points summarised by AI
Thai Prime Minister Srettha Thavisin is pushing to resolve a long-standing maritime dispute with Cambodia over an energy-rich overlapping claims area in the Gulf of Thailand, vital for Thailand's energy security as domestic resources dwindle.
The 26,000 square kilometer disputed zone potentially holds significant natural gas and oil, prompting energy experts to urge accelerated negotiations to tap these resources quickly, warning that delays could diminish their future value.
Srettha emphasizes discussing both maritime boundary delimitation and joint hydrocarbon development simultaneously, navigating complex political sensitivities and historical concerns about territorial loss that have stalled talks since 2001.
The recent meeting between Srettha and Cambodian PM Hun Manet aimed to elevate bilateral ties to a “strategic partnership,” fostering broader cooperation while underscoring the delicate balance required to resolve the energy and territorial dispute.
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.