Nationwide crackdown launched on illegal nominee shareholders and land holdings
Commerce minister under fire for suggesting rice farmers to grow bananas
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Commerce minister under fire for suggesting rice farmers to grow bananas
13 Sept 12:38Key points summarised by AI
Commerce Minister Pichai Naripthaphan faced strong criticism for advising rice farmers to switch to growing bananas for export to Japan, citing higher potential profits.
Opposition parties and critics, including Palang Pracharath spokesman Pol Lt-Gen Piya Tavichai, slammed the suggestion as impractical, highlighting unsuitable flooded paddy fields and the long wait time for banana fruit.
The minister was accused of lacking understanding of farmers' struggles, including falling rice prices below production costs, and the inadequacy of current government subsidies.
Critics proposed alternative solutions such as increasing subsidies, developing high-yield rice species, and leveraging technology to boost productivity and global competitiveness for Thai rice.
Nationwide crackdown launched on illegal nominee shareholders and land holdings
Today 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.