THAI’s creditors endorse additional planners proposed by finance ministry

13 Sept 08:38 Key points summarised by AI

THAI creditors approved the Finance Ministry's proposal to appoint two additional rehabilitation plan administrators, expanding the committee overseeing the airline's restructuring efforts.
Creditors also endorsed a debt-to-equity swap and a reduction in share par value to address 60 billion baht in accumulated debt, despite the THAI labour union's concerns about potential political interference.

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.