Nationwide crackdown launched on illegal nominee shareholders and land holdings
Pirapan pressured: Thailand’s monopoly-busting energy minister faces backlash
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Pirapan pressured: Thailand’s monopoly-busting energy minister faces backlash
10 Sept 12:03Key points summarised by AI
Thailand's Energy Minister Pirapan Salirathavibhaga faces intense political backlash and rumors of dismissal, which he links directly to his ambitious campaign to dismantle entrenched energy monopolies.
Pirapan asserts that his reforms, designed to ensure fair prices for consumers and boost solar energy adoption, challenge powerful interests that have profited from the sector for over 50 years.
His ministry is actively drafting new legislation to regulate oil and gas prices, simplify rooftop solar installations, and establish a strategic petroleum reserve to enhance energy security amidst global fluctuations.
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.