Ekniti brings wealth of experience to helm Finance Ministry

2 Oct 09:44 Key points summarised by AI

Ekniti Nitithanprapas, 54, is appointed Thailand's new finance minister, bringing extensive experience from leadership roles across the Finance Ministry, including the Treasury, Revenue, and Excise Departments.
His diverse background includes chairing major state enterprises like Thai Airways and Krungthai Bank, and serving internationally as a World Bank senior advisor and Thailand's Financial Attaché to the UK and EU.
Ekniti faces significant challenges, including addressing Thailand's economic slowdown with potential stimulus measures and undertaking crucial tax reform, such as a debated VAT rate increase, to boost national revenue.

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.