Insights

As for the GTCT, its beginnings may have seemed ordinary and lacking in promise – but the team now races regularly at a national level, holding its own against impressive competition. We at Grant Thornton Thailand will continue giving the team our sponsorship and support, rain or shine, as they progress through another exciting racing season.

A rise in business optimism means more organisations are on the lookout for talent, but with demand outstripping supply, where does it leave small and medium-sized enterprises (SMEs)?

The corporate training sector is changing, with learners and employers setting new expectations of what they should receive through training. And businesses need to adapt.

Nobody thought that complying with the Base Erosion and Profit Shifting (BEPS) transfer pricing analysis and documentation demands would be easy. Yet, the opening year has proved to make greater demands and has required more attention than many multinational enterprises (MNEs) had anticipated.

This kind of trust can only come from well-maintained human relationships that develop over the long term. Listening and patience are crucial for creating and building relationships.

The global mobility environment is changing rapidly. Businesses and their employees working internationally are faced with a complex web of regulations and laws. While tax laws change almost daily, wider political agendas and large-scale reforms have the potential to create new complexities and to increase mobility costs.

After deciding on a vision, there are two main barriers that generally prevent companies from following through on their initial ideas: Money, and expertise.

In part 1, we discussed the origins of the CPTPP and Thailand’s existing trade relationships with other members. Of the 11 countries already signed on, Thailand already has free trade deals with 9 of them. The remaining countries – Canada and Mexico – are highly significant players on the world stage.

The reluctance is understandable. Your business has showed good signs of health for years (or decades), in large part because you’ve concentrated on creating value in the field you know best. Within a short span of time, you’ve begun to hear plenty of talk about the need for businesses to transform themselves for entry into the digital world.

As artificial intelligence grows in capability, people in all industries have begun to look on with some measure of concern. What if I lose my job to a robot?

On 30 March 2018, the Bangkok Post reported Deputy Prime Minister Somkid Jatusripitak expressing his support for Thailand in joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Also known as the TPP-11, this amended version of the TPP has been the version under consideration since the United States announced its plans to stay out of the deal.

The global automotive supply chain is one of the largest, most complex, challenging and yet sensitive market networks. In this article we view this supply chain through the eyes of Original Equipment Manufacturers (OEMs) and their suppliers. We highlight external forces impacting the market, suggest approaches for those looking to move up the value chain, and give insight into the future of the industry.

Many organisations have placed tremendous efforts in implementing a new ERP system or improving their current system. They correctly believed that the ERP system would bring lots of advantages to their organisation, such as process efficiency improvements, benefits of a single database, and data analytics capabilities for corporate strategy.

Automating and optimising your supply chain can help save money and facilitate growth. So could it work for your business?

The latest global survey findings from our International Business Report (IBR) shows that despite the rise of automation and record global business optimism (net 58%) businesses will turn to people in 2018 to meet swelling order books.

Every business, every day, generates an incredible amount of data. The easiest and cheapest way to store all this information is to adopt the ‘landfill’ model of keeping everything and moving as much of it as possible to the cloud. But we find that many are doing this without even trying to keep track of what they have.