ASEAN should negotiate trade deals with the US as a regional block

13 Sept 15:22 Key points summarised by AI

Advocates for United ASEAN Front: Proposes ASEAN member countries negotiate collectively with the incoming Trump administration to enhance bargaining power against potential US import tariffs.
Anticipates US Tariff Hikes: Highlights the likelihood of the Trump administration imposing significant import taxes, particularly on countries with trade surpluses and specifically high tariffs (60-100%) on Chinese products.
Urges Precautionary Measures: Suggests Thailand implement measures like verifying majority Thai ownership for relocating Chinese firms to avoid tariffs and establishing a 'war room' with US lobbyists to navigate new trade policies.
Forecasts Economic Impact: Predicts a global economic slowdown and increased dumping of Chinese products into markets like Thailand, significantly impacting local industries due to the "America First" policy.

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.