Thailand prepares to ship 500,000 tons of rice to China

14 Sept 23:02 Key points summarised by AI

Thailand's Commerce Ministry is actively negotiating with China's state-run COFCO Corporation to finalize a government-to-government deal for the export of 500,000 tons of Thai rice.
This significant agreement stems from an announcement made by Chinese President Xi Jinping during the recent state visit of Their Majesties the King and Queen of Thailand to Beijing, celebrating 50 years of Sino-Thai diplomatic relations.
The deal is anticipated to elevate Thai rice prices and significantly boost the country's total grain exports, projected to surpass the 7.5 million-ton target in 2025 and continue growing into 2026.

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.