Nationwide crackdown launched on illegal nominee shareholders and land holdings
‘Blue Flag’ initiative aimed at cushioning impact of oil-driven inflation
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‘Blue Flag’ initiative aimed at cushioning impact of oil-driven inflation
13 Sept 12:30Key points summarised by AI
The Commerce Ministry plans to establish "Blue Flag" outlets, offering reasonably priced consumer products to ease the financial burden on citizens facing rising costs due to higher oil prices.
The ministry actively monitors and regulates prices of essential goods, classifying some as "controlled" requiring permission for price increases, and is reviewing the list for potential expansion to further protect consumers.
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.