Insights

Thailand continues to be one of Southeast Asia’s most attractive destinations for investment and business expansion. With its strategic location, robust infrastructure, and supportive regulatory environment, the country offers significant opportunities for both local and international enterprises. However, navigating the complexities of a foreign market requires more than ambition—it demands insight and preparation. Our Doing Business in Thailand 2025–2026 guide provides a comprehensive overview of the Thai business landscape, covering everything you need to know to establish and grow your operations successfully

Thailand’s plummeting workforce is a multi-dimensional and critical crisis demanding immediate action from businesses.

How well do you really know internal control health check of your company ? How thoroughly are they checked when policies and procedures are updated? How do you ensure internal control efficiency is established and maintained? Are there any inefficiencies and control deficiencies your team has missed?

A system that only works ‘well enough’ today will be far out of its depth tomorrow, as the rest of the industry optimises for greater speed, efficiency, and customer service quality. Because digital transformation/enablement takes time, companies cannot afford to wait until they are noticeably falling behind in order to upgrade their systems and processes.

A great idea is worthless without the funds to bring it to fruition. One of the most underappreciated responsibilities of business leaders is to ensure adequate liquidity for each new endeavour that their companies embark upon. This task requires great insight into company operations and market patterns, as well as an excellent sense of timing, as the necessary cash must be available at the precise moment the organisation needs to access it. Whether a business is a well-established company or a fast-growing start-up, this principle holds true. Even the most seasoned organisations can falter if liquidity management is neglected, just as newer companies can fail to get off the ground without the right financial planning.

Fraudulent activities committed by employees, managers, and even executives can severely damage a business both financially and reputationally. The scope of this problem is typically underestimated, as the idea of team members stealing from the team is unpleasant to consider, much less to discuss out loud. The resulting silence surrounding this issue leads many to assume that it must not be a common problem.

Left unchecked, all things fall into disorder. This universal law requires that we maintain high standards of maintenance and organisation in all aspects of both life and business. As soon as we allow ourselves slack in any area, the deterioration process will begin anew.

Thailand’s economy has demonstrated positive growth in the first half of 2024, yet the country continues to lag behind its ASEAN neighbours. As mid-market leaders weigh the impacts of global uncertainty, concerns over long-term investments in skills and technology are being raised, according to the latest findings from Grant Thornton's International Business Report (IBR) for Q3 2024.

Grant Thornton will be holding the Accounting & Tax Updates 2024 Seminar on the topic “ESG and accountants & Tax audit insights” on Tuesday, 26 November 2024, from 0900 to 1630 hours at Bliston Suwan Park View Hotel, Bangkok.

Bangkok, Thailand – On September 24, 2024, Grant Thornton, in collaboration with the British Chamber of Commerce Thailand (BCCT) and the American Chamber of Commerce in Thailand (AMCHAM), will host a groundbreaking conference titled “Courageous Leadership in the Age of AI” at the Hyatt Regency Bangkok Sukhumvit. This full-day event is set to bring together over 300 senior executives, business owners, and emerging leaders to explore the critical intersection of leadership and artificial intelligence (AI) in today's rapidly evolving landscape.

Grant Thornton, BCCT & AMCHAM are thrilled to invite you to our upcoming full-day conference, "Courageous Leadership in the Age of AI," on Tuesday, 24th September 2024 at the Hyatt Regency Bangkok Sukhumvit.

The Grant Thornton International Business Report (IBR) for Q2 2024 reveals a nuanced outlook among Thailand's mid-market business leaders. With a Business Health Index score of 16.3, Thailand continues to outperform its ASEAN, Asia-Pacific, and global peers. However, underlying economic concerns tell a different story and highlight the need for strategic vigilance.

Our CEO & Managing Partner Ian Pascoe interviews our Director of Forensic Advisory Ashish Chaturvedi on the many benefits of a whistleblowing hotline, how to set one up, how to get your team to buy in, and much more in this video.

Collective Action Against Corruption in Thailand, CAC

The worst injuries are often the ones that go undetected. In far too many cases, companies that report no fraud are simply unaware of the leakages inside their own area of operations, which tend to be significant in scope. The most recent edition of Report to the Nations: Occupational Fraud, by the Association of Certified Fraud Examiners, estimates that organisations lose 5% of revenue to fraud each year. While the median loss per case is USD 117k, the average loss is an eye-watering USD 1.78 million.

As businesses look ahead to economic recovery in Thailand, some sectors have valuable lessons to learn regarding resilience and overall business strategy.