-
Internal audit
In today's increasingly competitive and regulated market place, organisations - both public and private - must demonstrate that they have adequate controls and safeguards in place. The availability of qualified internal audit resources is a common challenge for many organisations.
-
IFRS
At Grant Thornton, our International Financial Reporting Standards (IFRS) advisers can help you navigate the complexity of financial reporting so you can focus your time and effort on running your business.
-
Audit quality monitoring
Having a robust process of quality control is one of the most effective ways to guarantee we deliver high-quality services to our clients.
-
Global audit technology
We apply our global audit methodology through an integrated set of software tools known as the Voyager suite.
-
Looking for permanent staff
Grant Thornton's executive recruitment is the real executive search and headhunting firms in Thailand.
-
Looking for interim executives
Interim executives are fixed-term-contract employees. Grant Thornton's specialist Executive Recruitment team can help you meet your interim executive needs
-
Looking for permanent or interim job
You may be in another job already but are willing to consider a career move should the right position at the right company become available. Or you may not be working at the moment and would like to hear from us when a relevant job comes up.
-
Practice areas
We provide retained recruitment services to multinational, Thai and Japanese organisations that are looking to fill management positions and senior level roles in Thailand.
-
Submit your resume
Executive recruitment portal
-
Update your resume
Executive recruitment portal
-
Available positions
Available positions for executive recruitment portal
-
General intelligence assessments
The Applied Reasoning Test (ART) is a general intelligence assessment that enables you to assess the level of verbal, numerical reasoning and problem solving capabilities of job candidates in a reliable and job-related manner.
-
Candidate background checks
We provide background checks and employee screening services to help our clients keep their organisation safe and profitable by protecting against the numerous pitfalls caused by unqualified, unethical, dangerous or criminal employees.

-
Capital markets
If you’re buying or selling financial securities, you want corporate finance specialists experienced in international capital markets on your side.
-
Corporate simplification
Corporate simplification
-
Expert witness
Expert witness
-
Family office services
Family office services
-
Financial models
Financial models
-
Forensic Advisory
Investigations
-
Independent business review
Does your company need a health check? Grant Thornton’s expert team can help you get to the heart of your issues to drive sustainable growth.
-
Mergers & acquisitions
Mergers & acquisitions
-
Operational advisory
Grant Thornton’s operational advisory specialists can help you realise your full potential for growth.
-
Raising finance
Raising finance
-
Restructuring & turnaround
Grant Thornton can help with financial restructuring and turnaround projects, including managing stakeholders and developing platforms for growth.
-
Risk management
Risk management
-
Transaction advisory
Transaction advisory
-
Valuations
Valuations
-
Management consulting
Every business faces unique and complex challenges. Challenges are specific and solutions do not translate perfectly from one business to another, which is why you told us you want a fully customised approach to professional services.
-
Strategic insourcing
From time to time, companies find themselves looking for temporary accounting resources. Often this is because of staff leaving, pressures at month-end and quarter-end, or specific short-term projects the company is undertaking.
-
International tax
With experts working in more than 130 countries, Grant Thornton can help you navigate complex tax laws across multiple jurisdictions.
-
Licensing and incentives application services
Licensing and incentives application services
-
Transfer pricing
If your company operates in more than one country, transfer pricing affects you. Grant Thornton’s experts can help you manage this complex and critical area.
-
Global mobility services
Employing foreign people in Australia, or sending Australian people offshore, both add complexity to your tax obligations and benefits – and we can guide you through them.
-
Tax compliance and tax due diligence review services
Tax compliance
-
Value-Added Tax
Value-Added Tax
-
Customs and Trade
Customs and Trade
-
Service Line
グラントソントン・タイランド サービスライン
-
Strategic outsourcing
At Grant Thornton we have experience and skilled teams that can help you with every aspect of Outsourcing from large Shared Service Centres through to small payroll requirements. We can even help you staff-up with temporary resources during busy periods.
-
BUSINESS PROCESS SOLUTION Practical Preparation for PDPA ComplianceOrganisations must effectively assess their personal information collection and use practices to comply with Thailand’s Personal Data Protection Act.
-
TAX AND LEGAL Complying with the PDPA – A Balancing ActOrganisations must be aware of the circumstances in which they are allowed to collect data to comply with Thailand’s Personal Data Protection Act.
-
CONVERSATIONS IN BUSINESS Turning Challenges into Opportunities: How Businesses in Thailand Can Succeed in 2020Despite the challenges facing the Thai economy, businesses in Thailand can succeed in 2020 by reducing overheads, conserving cash, improving efficiency of internal structures, and focusing on customer service.
-
BUSINESS PROCESS SOLUTION Mystery shopping: A pathway to quality, consistency, and adaptationMystery shopping allows companies to identify and correct friction points by gathering data on the standard of service and customer experiences in each branch.

The new H1 2023 IBR is especially significant, as it indicates a clear expectation among business leaders of full-throated, post-pandemic growth across industries — a long-awaited development that had been delayed repeatedly in recent years amid geopolitical issues such as the war in Ukraine and the downturn of China, as well as new waves of infections.
Switching gears
At a global level, scores for mid-market business health rose to 3.1% during the current period, an encouraging increase for the worldwide economy as this number had been in negative territory just six months prior. For Asia-Pacific, self-reported mid-market business health is at 0.5%, up from -2.8% in the previous report. (Scores are determined by a weighted sum of positive and negative responses that falls within the range of -50 to +50.)
Encouraging as these numbers are, ASEAN and Thailand both reported even higher rates of improvement across indicators as well as higher overall totals. ASEAN’s current business health score is now at 9.9%, with Thailand’s at an excellent 14.3%. This score from Thailand represents an impressive 5.5 percentage point increase over the previous period, reflecting an improved climate for investment, better economic conditions, and an especially sharp increase in overall business optimism, as indicated by the data.
At the same time, mid-market businesses in Thailand see both supply constraints and demand constraints as less significant obstacles now than they were six months previously, improving by 2 and 6 percentage points respectively. The easing of inflation likely contributed to an improved perception of demand constraints during this period.
Drivers of growth
A closer look at the survey responses from Thai businesses tells an interesting story. Contrary to the heightened improvement in business health, the percentage of businesses expecting an increase in exports over the coming 12-month period has been on a consistent downward trend of late — from a 64% score in H1 2022, to 54% in H2 2022, to 46% in H1 2023. This decrease puts the country’s export scores at a lower level than both the regional average and the world as a whole.
Yet during the same period, Thailand’s revenue scores are up (from 64% a year ago to 73% now), profitability expectations are higher (from 68% to 82%), and economic optimism likewise follows a similar trend (from 58% to 72%). Employment scores are also up (36% then, 52% now); as are those for investment in staff skills (from 48% to 59%), and investment in IT (from 49% to 60%), although, with neighbouring countries growing increasingly competitive, ASEAN averages remain higher than Thailand’s scores in these areas.
A big part of the explanation for these diverging trends can be found in the rising number of tourists entering the country. Tourist arrivals form a tide that lifts many boats in Thailand, enabling business growth even without a corresponding increase in exports.
Moreover, increased private consumption in Thailand driven by a rising middle class, along with investment in S-curve industries, and major projects such as One Bangkok, U-Tapao Airport Expansion, and the Eastern Economic Corridor (EEC) will also help to bolster and sustain healthy economic activity within the country. In time, some of these projects could give a much-needed boost to Thailand’s export economy as well as attract greater foreign investment.
Clearing the obstacles
Overall economic uncertainty remained the most frequently cited obstacle to growth in Thailand, scoring at 50% overall (slightly worse than in the previous period). Political uncertainty is likely a key factor here, alongside increasing competitive pressures from neighbouring countries. The forming of the new government should help to remove some of that uncertainty.
Other constraints on mid-market business growth in Thailand include energy costs (44%), and regulation / red tape (32%). Of less concern was the availability of skilled workers (24%), although this indicator will be worth revisiting later as the country’s demographic shift toward an ageing society continues apace.
The H1 2023 IBR is based on approximately 5,000 surveys and interviews (including 100 in Thailand) with mid-market business leaders, conducted from May to June of this year. We would like to thank Oxford Economics for their assistance in analysing the data from this report.