Varawut: Chinese steelmaker Xin Ke Yuan cleared to resume operations

13 Sept 09:53 Key points summarised by AI

Industry Minister Varawut Silpa-archa announced that Chinese steelmaker Xin Ke Yuan is legally cleared to resume operations after rectifying all identified problems.
The decision came under parliamentary scrutiny from opposition MPs, who questioned the company's adherence to production and public safety standards.
Xin Ke Yuan addressed two primary issues: substandard Electric Arc Furnace (EAF) dust management and the quality of its rebar products.
Varawut instructed the Department of Industrial Works (DIW) and the Thailand Industrial Standards Institute (TISI) to establish new standards for EAF and induction furnaces.
A Department of Special Investigation inquiry found no evidence of Xin Ke Yuan illegally importing or exporting hazardous EAF dust.

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.