Nationwide crackdown launched on illegal nominee shareholders and land holdings
Cambodia says China to hand over two warships
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Cambodia says China to hand over two warships
10 Sept 20:29Key points summarised by AI
Cambodia announced China will deliver two Type 056C corvettes by 2025 or later, aiming to bolster its naval defense, search and rescue operations, and humanitarian activities at sea.
This development raises US concerns about Beijing's increasing military influence in the strategic Gulf of Thailand, particularly with China funding the renovation of Cambodia's Ream naval base, which Washington fears could provide China with a key strategic position.
Nationwide crackdown launched on illegal nominee shareholders and land holdings
Today 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.