Malaysian companies watching political situation closely – Trade Minister

14 Sept 04:22 Key points summarised by AI

Malaysian Minister Zafrul Aziz expressed investor concern over Thailand's political instability, noting its potential impact on economic growth despite close bilateral ties.
Malaysia targets boosting trade with Thailand to US$30 billion by 2027, planning to reactivate the Joint Trade Committee to streamline cross-border commerce in the Deep South.
As 2025 ASEAN Chair, Malaysia will champion regional collaboration to attract FDI, addressing geopolitical shifts, climate change, and the digital economy to strengthen the bloc.
Malaysia is solidifying its role as an ASEAN semiconductor hub through a RM25 billion National Semiconductor Strategy, shifting focus to advanced design and packaging to draw investment.
Minister Aziz clarified Tesla has not committed to a Malaysian car assembly plant, yet emphasized Malaysia's significant automotive chip production capabilities as a compelling advantage.

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.