Insights

Thailand is facing a rising threat to its future workforce. Brain drain, the movement of skilled people abroad for better pay, opportunities and quality of life is easier than ever in a globalised world, and its effects on Thailand are already visible. As younger generations enter the job market, society and workplaces must recognise their changing needs and respond appropriately, as coupled with the country’s demographic pressures, the need to keep and grow a strong workforce has never been greater. The question is clear, will Thailand make the changes needed to reverse brain drain, or will it keep watching its skills slip away.

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.

The Ministry of Commerce recently withdrew its endorsement of Thailand joining the CPTPP over concerns that the trade deal may harm farmers.

I recently met with Richard to discuss how British businesses can establish themselves and prosper in Thailand. The two most salient points he made were about the imperative of understanding the complexities of the Thai market, along with the need to foster strategic local partnerships.

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?

Asia Pacific is a vast and diverse region, and one of the strongest performing parts of the global economy. GDP growth across Asia Pacific is forecast to hit 5.6% in 2017, well above the 3.6% projected worldwide, and 5.5% in 2018.

Cross-border merger and acquisition opportunities are increasing as healthy company financials in many economies drive an appetite for deals. However, while cross-border transactions can generate new market opportunities, they often bring heightened risk and a range of challenges.