Thailand calls for wider cooperation to navigate a fragmented global economy

9 Sept 23:44 Key points summarised by AI

Prime Minister Anutin Charnvirakul urges stronger economic partnerships and a reassessment of global engagement to build a competitive and resilient economy amidst geopolitical disruptions and fragmented supply chains.
Thailand aims to attract foreign investment by streamlining over 7,000 regulations, seeking integrated investments that develop local suppliers, strengthen SMEs, and foster innovation within the Thai economy.
Finance Minister Ekniti Nitithanprapas advocates for a resilient ASEAN as a "network of trusted connectors," emphasizing regional collaboration in digital infrastructure, clean energy, and advanced industries to address shared global challenges.
Facing economic challenges and low GDP growth forecasts, Thailand seeks significant economic transformation, with the World Bank recommending 5.4% annual GDP per capita growth and outlining priorities like leveraging data centers, boosting EV investment, and enhancing skills to achieve high-income status.

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.