Engine woes continue to delay Thai submarine project

12 Sept 04:27 Key points summarised by AI

Germany maintains its refusal to supply the MTU 396 engine for Thailand's Chinese-built submarine, citing EU restrictions on military exports to China.
This refusal has stalled the controversial 13.9-billion-baht project, despite Thailand previously accepting a Chinese engine alternative and compensation package that opposition deemed insufficient.
The project faces further uncertainty, with 64% of the submarine built and 7.7 billion baht paid, requiring a significant contract extension and impacting future budget allocations.

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.