Insights

Much has been made of the Thai government’s commitment to developing a modern industrial base. In large part, the praise from the business community has been deserved. Concerted efforts include a range of initiatives, from a detailed program of BOI incentives, to the fast-tracking of business permits across industries, to the ambitious upgrades in infrastructure and government support that are making the Eastern Economic Corridor a highly promising region for manufacturing.

Optimising working capital requirements is key to assessing the efficiency of profits, and something CFOs are expected to manage at all times. Do you know how well working capital is managed in your business and where improvements could be made?

There are many good reasons why companies tend to prefer passive candidates to active ones. They are already established in the workplace, so they are guaranteed to have relevant experience as well as the ability to adapt to office culture.

The global demand for Robotic Process Automation is rapidly increasing as businesses seek to harness enterprise technology to streamline processes and increase productivity.

China’s One Belt, One Road outbound investment strategy presents a wealth of opportunity along major global land and maritime trade routes. But how can business owners outside China take advantage?

The government’s recent high-profile solicitation of China’s leading e-commerce operator, Alibaba, to collaborate in developing the nation’s digital economy made front page news. Equally newsworthy were the government’s current attempts to revise existing tax laws to ensure that digital transactions are subject to VAT, and that capital gains from disposal of digital assets are subject to withholding tax.

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?