Thailand to push for conclusive ASEAN digital economy pact by 2025

13 Sept 15:00 Key points summarised by AI

Thailand commits to finalizing the ASEAN Digital Economy Framework Agreement (DEFA) by late 2025, aiming to establish ASEAN as a leading digital hub in the Asia-Pacific.
Commerce Minister Pichai Naripthaphan, as chair of the ASEAN-DEFA Committee, will accelerate regional negotiations, with Singapore expressing strong support for the initiative.
Thailand plans to host a special meeting of ASEAN Economic Ministers to build regional consensus on key steps required to conclude DEFA by the target date.
Beyond the pact, Singapore has also indicated interest in expanding investments in Thailand's clean energy, electronics, financial services, and digital sectors.

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.