Nationwide crackdown launched on illegal nominee shareholders and land holdings
Time for Bangkok and Jakarta to up the ante
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Time for Bangkok and Jakarta to up the ante
10 Sept 18:13Key points summarised by AI
Thailand and Indonesia, ASEAN's leading economies, aim to invigorate their currently "subdued" strategic partnership to realize its full potential.
Prime Minister Anutin's visit seeks to significantly boost bilateral trade, currently a modest $18 billion, and expand cooperation across diverse sectors including tourism, food security, and green technology.
The nations plan to enhance collaboration on critical security issues like transnational crime and defense, while also working towards a more coordinated approach to regional challenges, particularly the Myanmar crisis.
This high-level engagement offers a crucial opportunity to reset relations, align economic priorities, and strengthen regional stability, benefiting both countries and the wider ASEAN community.
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.