FTA with Thailand will deepen Bhutan's global links - Bhutanese PM

10 Sept 15:26 Key points summarised by AI

Bhutan and Thailand formalized a Free Trade Agreement (FTA) to strengthen economic cooperation and boost bilateral trade, building on existing close ties.
Bhutanese Prime Minister Tshering Tobgay highlighted the FTA's significance for Bhutan, a landlocked nation, to deepen global integration and attract investment, particularly for its climate-resilient Gelephhu Mindfulness City.
Tobgay noted that global economic uncertainties and trade tariffs present an opportunity to accelerate regional FTA discussions and foster greater economic integration within the BIMSTEC region.

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.