Sethaput enters a new phase in his career, as advisor to Privy Purse Bureau

14 Sept 08:18 Key points summarised by AI

Sethaput Suthiwartnarueput, former Bank of Thailand (BOT) governor, has been appointed as an advisor to the Privy Purse Bureau, effective October 1, transitioning from his distinguished five-year term as BOT chief.
During his tenure at the BOT, Sethaput maintained the central bank's independence despite political pressures on interest rates and successfully navigated Thailand through significant economic challenges, including the COVID-19 pandemic.
His extensive career includes academic excellence, early roles at McKinsey and the World Bank, and a pivotal role in Thailand's economic crisis management following the 1997 Asian financial crisis.
The Privy Purse Bureau, the royal asset agency Sethaput now advises, manages royal properties and recently underwent a name change in 2025 to restore its historic term, while its fundamental management structure from 2018 remains.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Today 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.