Nationwide crackdown launched on illegal nominee shareholders and land holdings
Clean-up operations ramp up in Chiang Mai as floodwaters recede
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Clean-up operations ramp up in Chiang Mai as floodwaters recede
13 Sept 10:53Key points summarised by AI
Residents and businesses in downtown Chiang Mai commence clean-up and damage assessment as floodwaters steadily recede.
The Chiang Mai Chamber of Commerce estimates the economic damage from the severe flooding, described as the worst in over 50 years, at approximately two billion baht.
While water levels in Mueang district are dropping, Saraphli district, especially low-lying areas, remains heavily flooded, presenting significant challenges for rescue teams.
The Ping River's water level at Nawarat Bridge significantly decreased from its peak of over 5m to 3.45m, indicating the receding flood threat in some areas.
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.