SRT ordered to pay Bt4.2bn to contractors over Red Line project

11 Sept 17:02 Key points summarised by AI

The Central Administrative Court ordered the State Railways of Thailand (SRT) to pay 4.2 billion baht, plus interest, to contractors Unique Engineering and Construction and Sino-Thai Engineering and Construction for the Red Line suburban train service.
This court order upholds an arbitration committee's ruling, as SRT's subsequent appeals to both the Central and Supreme Administrative Courts were dismissed, confirming the payment obligation.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Today 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.