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Chartered Group denies political ties, vows legal action over false information

10 Sept 23:02 Key points summarised by AI

Chartered Group vehemently denies allegations linking it to politicians or political groups through investments in Bangchak Corporation, MFC Asset Management, and VGI, stating its operations strictly adhere to regulatory standards.
The company announced it will pursue legal action against individuals spreading false or misleading information that damages its reputation, while reaffirming its commitment to expanding investments in Thailand under full legal compliance.

Yesterday 14:58 Key points summarised by AI

Thailand's government will launch the "Chainat-Pasak-Gulf" water diversion canal project in fiscal year 2027, a seven-year mega-infrastructure initiative.
This permanent structural solution aims to mitigate recurrent central plains flooding by diverting water from the Chao Phraya River directly into the Gulf of Thailand, significantly reducing flow to major cities like Ayutthaya and Bangkok.
Prime Minister Anutin Charnvirakul justifies the long-term investment as a means to reduce future damages and fiscal burdens, contrasting it with the 40-50 billion baht spent annually on short-term flood relief.
Concurrently, the Prime Minister instructed officials to expand drainage capacity into the Tha Chin River and swiftly remove water hyacinths to improve immediate flood management.