Nationwide crackdown launched on illegal nominee shareholders and land holdings
Rail merger plan heads to Cabinet next week
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Rail merger plan heads to Cabinet next week
13 Sept 06:17Key points summarised by AI
The Transport Ministry plans to propose a merger of all electric rail systems under the Mass Rapid Transit Authority of Thailand (MRTA) by next year, aiming for unified ownership and management.
This initiative seeks to implement a single ticketing system across all lines (17-45 baht fares), though challenges persist with integrating ticket-reading systems and transferring assets/liabilities.
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.