AOT plans ฿300bn investment to develop six major international airports

12 Sept 09:44 Key points summarised by AI

Airports of Thailand (AOT) commits ฿300 billion to a phased investment plan for developing six major international airports.
The expansion aims to significantly increase capacity across airports like Suvarnabhumi, Don Mueang, Chiang Mai, Phuket, Hat Yai, and Chiang Rai, which are currently exceeding their designed passenger limits.
AOT plans to fund the initial phase of the project using its existing cash flow over the next five years, strategically avoiding immediate public borrowing.
Key developments include new passenger terminals, extensive renovations, and capacity upgrades across the six airports to manage projected passenger growth effectively.

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.