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ASEAN chief urges 'boldly' integrating region's economies amid US tariff worries

18 Sept 16:48 Key points summarised by AI

ASEAN Secretary-General Kao Kim Hourn urges "bold" acceleration of regional economic integration to mitigate the impact of sweeping US tariffs and global trade instability.
The 10-member bloc, heavily dependent on the US for exports, faces substantial tariffs, with nations like Vietnam (46%) and Cambodia (49%) experiencing high duties.
Despite opting for dialogue over retaliation, ASEAN's export-oriented economies are vulnerable to the escalating global trade war, necessitating market diversification and deeper internal ties.

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.