Nationwide crackdown launched on illegal nominee shareholders and land holdings
Flooding causing havoc in Songkhla
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Flooding causing havoc in Songkhla
1 Oct 07:54Key points summarised by AI
Songkhla province, especially the commercial hub of Hat Yai, is experiencing severe flooding due to record-breaking rainfall (595mm), leading to a 'red flag' evacuation order for 103 communities.
Major water catchment areas are overwhelmed, with levels exceeding those of devastating floods in 2000 and 2010, rendering key roads and commercial districts like Kim Yong Market impassable.
The worsening flood situation has forced the cancellation of significant events, including the 43rd National Chambers of Commerce Seminar, and threatens economic losses up to 500 million baht from tourism disruptions.
Nationwide crackdown launched on illegal nominee shareholders and land holdings
Today 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.