ASEAN raises alarm over potential US blockade in Hormuz

18 Sept 13:47 Key points summarised by AI

ASEAN expresses deep concern regarding a potential US naval blockade in the Strait of Hormuz, fearing escalated tensions and severe disruptions to global energy supplies.
Foreign ministers convened to address the Middle East crisis's impact on energy prices, maritime security, and food supply chains, advocating for diplomatic solutions between the US and Iran.
The bloc urged all parties, including the US, Israel, and Iran, to uphold international law, particularly freedom of navigation through vital shipping routes like the Strait of Hormuz, citing its critical importance for ASEAN economies.
Ministers emphasized strengthening regional cooperation on energy security, accelerating renewable energy adoption, and enhancing food security mechanisms to mitigate economic impacts of the conflict.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Yesterday 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.