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Thailand’s Business Confidence Declines as Investment Falls Behind ASEAN Peers
GRANT THORNTON INTERNATIONAL BUSINESS REPORT (IBR) – Q4 2024 Thailand’s Business Confidence Declines as Investment Falls Behind ASEAN Peers
Thailand’s mid-market businesses are facing increasing pressure as business confidence drops sharply, with investment in technology, workforce development, and productivity failing to keep pace with ASEAN peers. This trend, highlighted in the latest Grant Thornton International Business Report (IBR) for Q4 2024, raises concerns about the country’s long-term competitiveness in an evolving regional landscape.
3 min read | 10 Mar 2025
Forensic Advisory: An Introduction
Forensic Advisory: An Introduction Forensic Advisory: An Introduction
Fraud, theft, and other forms of wrongdoing present a major challenge for businesses in the information age. Whereas in earlier times, paper trails and physical evidence could often be relied upon to catch corporate criminals, the digital nature of both assets and spreadsheets allow would-be fraudsters to engage in more sophisticated levels of obfuscation. However, the same set of new technologies enables improved guardrails against such damaging activity. It is the responsibility of modern organisations to actively prevent fraud and theft from occurring within their ranks — either directly through internal procedures, or with the help of external specialists, or both.
Ashish Chaturvedi
Ashish Chaturvedi
| 3 min read | 10 Mar 2025
The Essential Guide to Business Transformation in 2024
Report The Essential Guide to Business Transformation in 2024
2024 is set to be a year of mass disruption as long-standing business models are tested by the rapid pace of technological advancement, causing economic upheaval around the world. In the last great technological leap, we saw traditional businesses such as Blockbuster, Tower Records and Kodak disappear as Netflix, Spotify and Instagram came from nowhere to dominate.
09 Apr 2024
Trending articles
Tax and Legal update Thai BOI unveils new measures for companies impacted by Global Minimum Tax under the OECD BEPS - Pillar 2 regime
5 min read | 07 Jul 2023
Tax and Legal Share premium: capital or income?
09 Sep 2021
Transfer Pricing Regulations in Thailand Transfer Pricing Regulations in Thailand
Narumol Limprasert
Narumol Limprasert
| 06 Mar 2023
Women in Business Progress on women in senior leadership stalling
07 Mar 2023
Our latest insights
US – China Trade War: What’s at stake for Thailand
Tax US – China Trade War: What’s at stake for Thailand
In July 2018, the trade war between the United States and China went live. The war of words which saw threats, posturing, and “nudges” to impose tariffs on goods traded between the United States and China became a reality.
Tanva Mahitivanichcha
Tanva Mahitivanichcha
| 16 Oct 2018
TFRS 9 Financial instruments
TFRS TFRS 9 Financial instruments
The Federation of Accounting Professions announced a new standard on accounting for financial instruments which application will be effective date on 1 January 2020. The new TFRS 9 is based on IFRS 9 issued by The International Accounting Standard Board which fundamentally rewrites the accounting rules for financial instruments.
08 Oct 2018
Income tax law changes in the People's Republic of China
Tax Income tax law changes in the People's Republic of China
The Chinese authorities have released proposed changes to tax law that may significantly impact how international assignees and long-term expats in the People’s Republic of China (PRC) are taxed. From changes to residency, personal taxation, payroll withholding and tax efficient benefits for assignees, the potential changes are far reaching.
01 Oct 2018
Digital disruption and its impact on business strategy : Part 2
Digital strategy Digital disruption and its impact on business strategy : Part 2
In Part 1 of this article, we examined the importance of speed, flexibility, and successful adaptation in the current business climate.
01 Oct 2018
Are we borrowing from the future?
Leadership Are we borrowing from the future?
Our own Grant Thornton International Business Report conducts worldwide surveys that poll business leaders across the world markets, and fully 54% of respondents reported feeling a sense of economic optimism in Q2 2018 – far higher numbers than in previous years.
Chris Cracknell
Chris Cracknell
| 01 Oct 2018
Taxing the digital economy: Part 2
Tax Taxing the digital economy: Part 2
Since its inception, the digital realm has been an economic “wild west.” Laws and regulations written in the “brick and mortar” world often do not apply or are, for all practical purposes, unenforceable in the digital counterpart.
Tanva Mahitivanichcha
Tanva Mahitivanichcha
| 19 Sep 2018
Impact in action
NOT FOR PROFIT Impact in action
How charities worldwide can measure impact to drive their mission.
18 Sep 2018
International indirect tax guide 2018
INTERNATIONAL INDIRECT TAX International indirect tax guide 2018
Indirect taxation is still evolving, and an arguable simple tax is growing in its complexity and application as a traditional goods and services model is replaced with digital content; virtual consumption and seamless international trade flows. But how can you stay ahead?
06 Sep 2018
Digital disruption and its impact on business strategy : Part 1
Digital strategy Digital disruption and its impact on business strategy : Part 1
In the natural world, the big winners are not always the strongest or fastest, but rather the ones that are best at adapting to changes in their environment. The business world follows similar rules – and its current environment is changing more rapidly than at any time in history, thanks to the digital revolution.
05 Sep 2018
Taxing the digital economy
Tax Taxing the digital economy
The lack of international consensus on taxing the digital economy is creating a vacuum of uncertainty. So, what’s coming up on the horizon and how can your business deal with the implications?
Tanva Mahitivanichcha
Tanva Mahitivanichcha
| 03 Sep 2018
Fundraising: adapt your message and medium to your audience
NOT FOR PROFIT Fundraising: adapt your message and medium to your audience
Do you tailor your donor communications by age group? Grant Thornton’s Global Not for Profit Leader, Carol Rudge, explains why you should
30 Aug 2018
Creating a vibrant city
Growth Creating a vibrant city
Vibrant cities attract people to live, work or invest in them. So what should you be focusing on if you're a city planner? How can you help your city function smartly and create sustainable growth for all?
28 Aug 2018
Five key steps to optimising your cash flows
Working capital optimisation Five key steps to optimising your cash flows
Effective cash management is a critical success factor for any business. To fund growth, invest in new infrastructure or mitigate short term downturns, having strong visibility and control of day-to-day cash is a must.
27 Aug 2018
AI will enhance the human workforce – not replace it
Talent Acquisition Management AI will enhance the human workforce – not replace it
Artificial intelligence is a concept that remains much discussed but poorly understood. There are popular speakers who preach its potential, predicting that we will soon live in an automated world where human work is no longer necessary.
Ratna Wright
Ratna Wright
| 22 Aug 2018
Getting it right when sending an employee overseas
GLOBAL MOBILITY SERVICES Getting it right when sending an employee overseas
Global businesses today use a wide variety of tools in their communications strategy to stay connected – intranets, emails, mobile phones, Skype, texts and instant messaging among them. Revolutionary as they may be for transforming how business is conducted globally, they still provide no substitute for sending a trusted, capable employee on an overseas assignment to solve a problem or lead an initiative in person.
17 Aug 2018
Taxing the digital economy : Part 1
Tax Taxing the digital economy : Part 1
Thailand may soon join several countries in taxing digital services and products that are provided by foreign e-commerce operators. In July 2018, the Thai Cabinet approved of a draft law that, if enacted, will see Thailand imposing value added tax (“VAT”) on foreign operators that provide services and content through the internet or electronic media to Thai consumers.
Tanva Mahitivanichcha
Tanva Mahitivanichcha
| 14 Aug 2018
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