Thailand remains vulnerable, despite push for FTAs

12 Sept 06:00 Key points summarised by AI

Economist Trinh Nguyen warns that despite pursuing more FTAs, these agreements alone cannot fully shield Thailand from economic volatility, as regionalization has inherent limits.
Thailand's significant reliance on tourism is identified as a key vulnerability, underscoring the urgent need for broader economic diversification.
The ASEAN bloc lacks genuine regional integration, with member states prioritizing sovereignty over a deeper, shared vision, further exposing Thailand to external shocks.
Despite these vulnerabilities, capable technocrats have played a crucial role in stabilizing the country's economy amidst prolonged political instability.

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.