Nationwide crackdown launched on illegal nominee shareholders and land holdings
BTS extensions to adopt distance-based fares from November 1
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BTS extensions to adopt distance-based fares from November 1
13 Sept 16:32Key points summarised by AI
Starting November 1, BTS extensions will implement a distance-based fare system, with prices ranging from Bt17 to a maximum of Bt45, replacing the current Bt15 flat rate.
This adjustment aims to cover operational costs and ensure the mass transit system's sustainability, as the previous flat fare required an annual subsidy of approximately Bt6 billion.
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.