Nationwide crackdown launched on illegal nominee shareholders and land holdings
Jatuporn Buruspat: New commerce minister plots course in global trade storm
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Jatuporn Buruspat: New commerce minister plots course in global trade storm
11 Sept 01:05Key points summarised by AI
Jatuporn Buruspat, after nearly four decades as a bureaucrat, transitions into politics as Thailand's new commerce minister, tasked with steering the nation through a challenging global trade environment.
His appointment comes amidst a Cabinet reshuffle, following a coalition withdrawal and political turbulence, with Jatuporn replacing a minister criticized for failing to shore up crop prices.
Immediately taking office, Jatuporn embarked on urgent missions, addressing falling mangosteen prices, inaugurating a key border trade fair with Laos, and prioritizing crucial trade negotiations with the US.
He outlined a proactive economic strategy focused on maintaining domestic price stability, reducing living expenses, and boosting income to ensure fair product prices for Thai citizens.
Jatuporn's non-party affiliation raises questions about his political backing as he assumes this pivotal role amidst a turbulent political landscape.
Nationwide crackdown launched on illegal nominee shareholders and land holdings
Yesterday 15:20Key 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.