Insights

Building a Sustainable Business – 360 Degrees explores six key pillars for sustainable growth, combining strategic insights, best practices, and real-world examples to help businesses build resilience and thrive in an uncertain economy.

Building a Sustainable Business – 360 Degrees explores six key pillars for sustainable growth, combining strategic insights, best practices, and real-world examples to help businesses build resilience and thrive in an uncertain economy.

Building a Sustainable Business – 360 Degrees explores six key pillars for sustainable growth, combining strategic insights, best practices, and real-world examples to help businesses build resilience and thrive in an uncertain economy.

Building a Sustainable Business – 360 Degrees explores six key pillars for sustainable growth, combining strategic insights, best practices, and real-world examples to help businesses build resilience and thrive in an uncertain economy

Building a Sustainable Business – 360 Degrees explores six key pillars for sustainable growth, combining strategic insights, best practices, and real-world examples to help businesses build resilience and thrive in an uncertain economy.

Global Business in a New Risk Landscape Given the present level of technological development and economic volatility around the world, businesses are operating under immense pressure from all sides.

Not long ago, in a meeting with a group of senior executives here in Bangkok, I noticed something interesting. While everyone was talking about Generative AI, the opportunities, the fears, the future, very few were talking about leadership. How will we, as executives, actually lead in a world transformed by AI? It struck me that while AI advancing at incredible speed, leadership thinking must move even faster. This is not just another business trend. It is a profound shift - one that challenges how we define value, build teams, and set strategy. Here are a few thoughts I wanted to share.

In May, we explored how leadership must evolve in Gen AI. This month, I want to shift our focus to something equally fundamental but often ignored in transformation conversations: process. It's not technology, platforms, or automation. It's just a simple, clear human process, the way work actually happens, from the ground up.

Mid-market optimism falls as tariff threats become reality

The Thai Revenue Department (“TRD”) has announced the Emergency Decree on Top-up Tax, B.E. 2567 (2024) (“Top-up Tax Law”), which will be effective from January 1, 2025. Below is a summary of the key aspects of this law.

This tax news will be of interest to: Thai companies that are part of multinational enterprise (MNE) groups and engage in intercompany transactions. In our tax news, you will find a guide on how a company can deal with a transfer pricing (TP) audit. How to manage TP risks during the audit If the company faces one or more red flags according to our TP series Part 1: Potential Red Flags, the company needs to prepare for how to deal with the TP audit by the tax authority. To reduce the risk of TP adjustments during the TP audit, the following important steps should be taken:

Thailand’s Cabinet Approves Draft Financial Hub Act to Boost Global Investment To position Thailand as a key global financial hub, the Thai Cabinet approved the draft Financial Act on February 4, 2025, as proposed by the Ministry of Finance. This legislation seeks to attract foreign financial businesses to invest in Thailand, while simultaneously fostering the development of the nation’s financial industry, workforce, and infrastructure to meet international standards.

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.

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.

This tax news will be interest to: Thai companies that are part of multinational enterprise (MNE) groups and carry out intercompany transactions. In this tax news, we explain potential red flags that could trigger a Transfer Pricing (TP) audit by the Thai Revenue Department (TRD), how the TRD selects audit targets and how companies can minimise TP risks.

To streamline tax administration and promote paperless processes, the Revenue Department issued a Notification of the Director-General of the Revenue Department on Income Tax No. 451, published on December 3, 2024, mandating the exclusive online submission of withholding tax returns. This new regulation will be effective from January 1, 2025.