Selection of new central bank chairman postponed until next Monday

23 Sept 03:13 Key points summarised by AI

Thailand's central bank chairman selection committee deferred its decision until November 11th, stating a need for more time to evaluate candidates.
The postponement follows public outcry and concerns from academics and former central bank officials regarding potential government interference in the selection process.
Controversy centers on the nomination of Kittiratt Na-Ranong, proposed by the Finance Minister, prompting calls for a chairman with integrity and no political ties to safeguard the bank's independence.

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.