Insights

Outsourcing lets businesses focus on their core operations, while letting specialists help with other responsibilities. Here we show how this approach can lead to major business improvements.

This case study shows how the consulting team at Grant Thornton in Thailand helps clients improve internal efficiency and comply with regulatory standards within their industry.

Sound guidance from Strategy to Execution can help companies find success in the new environment after the pandemic.

Is Thailand’s economic recovery now beginning in earnest? Our new analysis lays out the challenges that remain for business – and our recommendations for dealing with them effectively.

The Thai economy continued to operate in a lower gear in the first quarter of 2021, but changing conditions indicate that better times are just around the corner.

Going public can dramatically increase a company’s funding as well as its prestige. But as we describe here, the process is highly regulated by Thai authorities, with complex requirements and no room for error.

From Shared Service Centres, to Assisted Captive and Virtual Captive solutions, to Full Outsourcing, we review the various ways that companies can transform non-core activities to increase their overall agility.

Transfer pricing disclosure form in Thailand may be complex, but serious penalties await companies that fail to meet government requirements. Here we provide some of the details on how these disclosure form works.

For business to succeed, trustworthy local connections are needed to navigate laws and regulations in the relevant area. Outsourcing provides the best access to the necessary expertise.

This newsletter provides an update on Thailand’s Country-by-Country Reporting regulations involving various business circumstances, for accounting periods beginning after 1 January 2020.

This article explains how business process optimisation and robotic process automation can help businesses of all types and sizes increase their efficiency.

Faced with financial difficulties, businesses may be tempted to continue to handle their support functions in-house. But as we argue here, the more sensible option is to outsource non-core activities.

Thailand’s business leaders once again show modest, but increasing, levels of business confidence when compared with their counterparts across APAC and around the world, according to Grant Thornton’s global research for H2 2020. The study also reveals especially high levels of economic uncertainty, along with the widespread belief that the Thai government could play a greater role in the country’s economic recovery moving forward.

Grant Thornton’s global research reveals that the business confidence among company leaders in APAC stands at 62%, a remarkably high total for a region that has been badly affected by the slowdown in international travel. This total is 6 percentage points higher than in H2 2019, and a full 15 percentage points above H1 2020 levels. The high level of confidence is especially notable because the same group of respondents also predicted a worsening of several key business constraints over the coming 12-month period.

H2 2020 brought significant improvements in business confidence around the world, according to Grant Thornton’s global research. The change includes a 14% rise in global business confidence over the corresponding H1 2020 totals, alongside double-digit increases in several related categories. Survey respondents from across the business world likewise indicated their intention to increase investment across multiple areas over the next 12 months.

As a new and unpredictable decade dawns, the business world looks forward with its optimism largely intact, according to Grant Thornton’s latest International Business Report (IBR). Leaders in mid-market companies around the world delivered an average optimism score of 59% in H2 2019, a rise of 3% over the first half of the year. This modest improvement is an encouraging contrast to the two consecutive declines that preceded it, although there remains a long way to climb before reaching H1 2018’s high of 69% global optimism.