Thailand is an attractive destination for foreign investors seeking to establish their small and medium-sized enterprises (SMEs) due to its robust economy, strategic location, and business-friendly environment. However, navigating the visa and work permit requirements in Thailand can be a daunting task without proper guidance and expertise. To make this Read More
The Grant Thornton International Business Report (IBR) for H1 2023 shows dramatic improvements in economic conditions and positive sentiment for the private sector, both globally and for Thailand in particular as inflation concerns recede. The biannual report compiles detailed surveys and interviews among mid-market businesses, providing analysis of expected trends Read More
Implementing effective internal controls is crucial for small and medium-sized enterprises (SMEs) in Thailand to ensure sound financial management, deter fraud, and maintain compliance with local regulations. Inadequate internal controls can lead to financial mismanagement, reputational damage, and regulatory penalties. In this actionable checklist, we outline the essential internal controls Read More
As globalization continues to reshape the world’s business landscape, SMEs in Thailand must be prepared to operate in an increasingly international context. Securing business visas for foreign employees, partners, or investors is an integral part of this process. However, navigating the complexities of the Thai business visa system can be Read More
Starting a new small or medium-sized enterprise (SME) in Thailand can be both exciting and challenging. Navigating the complexities of setting up your business, ensuring compliance with legal requirements, and managing finances can feel overwhelming without the right guidance. Fear not, as we have prepared the ultimate checklist to help Read More
Small and medium-sized enterprises (SMEs) in Thailand often face challenges related to accounting, which if left unaddressed, can destabilize financial operations and hinder growth. Identifying and overcoming these common pitfalls is essential for maintaining accurate financial records and ensuring regulatory compliance, improving financial insight, and facilitating informed decision-making. In this Read More
Thailand’s exports expanded by 2.6% in August, ending 10 consecutive months of contraction. Commerce Ministry permanent secretary Keerati Rushchano said Thai exports in August were valued at US$24.28 billion (824.94 billion baht), reflecting a 2.6% growth over the past 11 months of the fiscal year ending in September. Thailand enjoyed Read More
Prime Minister Srettha Thavisin’s visit to New York to attend the 78th session of the United Nations General Assembly was successful in fostering relationships and increasing trade and investment with other countries, Prime Minister’s Office spokesperson Chai Watcharong said. Srettha met with several foreign leaders, made five speeches and met Read More
Every single business, no matter how successful or large, has challenges in moving towards digital transformation, John Wagner, managing director and partner of Boston Consulting Group (BCG) said on Monday. Businesses have to focus on a variety of aspects to cope effectively with digital transformation, he said during the interview Read More
The Thailand Trust Mark (TMark) will be promoted internationally to boost confidence among importers and consumers, the Department of International Trade Promotion (DITP) said. Phusit Rattanakul, DITP director-general, said on Monday that the department has been working on TMark as a symbol of excellence for over a decade now. The Read More