Airline and car market CEOs urge seek streamlined regulations

14 Sept 16:35 Key points summarised by AI

Tony Fernandes (Capital A/AirAsia) urges Thailand to revise its 49% foreign equity ownership limit in airlines to foster a truly ASEAN carrier and boost industry growth, citing inefficiency and potential for Thailand to lead aviation.
Aaron Tan (Carro) calls for lifting restrictions on wholesale funding for tech companies and easing stringent car loan policies to attract startups and integrate the unbanked population into the formal credit system.
Both CEOs highlight Thailand's strategic potential as a regional hub for various industries but emphasize that current cumbersome regulations and financial hurdles impede its full economic growth and investment appeal.

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.