Boosting Thailand-Myanmar trade to US$12bn possible, but with constraints

13 Sept 00:30 Key points summarised by AI

Thai and Myanmar leaders aim to boost bilateral trade to US$12 billion, leveraging recent high-level talks and Myanmar's evolving political situation.
Experts urge Thai businesses and the government to proactively engage Myanmar's market through trade, investment, and tourism, recognizing its high economic potential.
Significant constraints to trade expansion include complex import licensing procedures, the necessity for Myanmar importers to secure foreign currency ('export earnings'), and the need to legalize migrant workers.
Strategic infrastructure projects, particularly the Dawei deep-sea port, present substantial opportunities for Thailand, offering connectivity to South Asia and fostering regional trade and tourism.
Myanmar is identified as a crucial market for diversifying supply chain risks, offering lower labor costs and abundant resources, which can create new opportunities and mutual benefits for both nations.

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.