Overview

Tax liabilities: Impacts of the trend towards lower corporate tax rates on developed and developing economies
OBG
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Recent decades have seen a downward convergence in corporate tax regimes as advanced, emerging and developing economies moved to grab a bigger slice of the global investment pie. Headline corporate tax rates have fallen by 20 percentage points since the early 1980s. Alongside lower average rates, special tax incentives aimed at capturing investment have emerged, further reducing the effective rates…

Overview

Business Barometer: OBG in ASEAN CEO Survey: Thailand edition
OBG
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According to the results of the inaugural Business Barometer: OBG in ASEAN CEO Survey, in which we surveyed business leaders in Indonesia, Malaysia, Myanmar, the Philippines, Thailand and Vietnam, business sentiment is buoyant in the region. This is the first time we have collated our proprietary data from individual ASEAN markets, allowing us to provide commentary and analysis on investor sentiment…

Overview

Generation of demand: Economic indicators and development strategies contribute to a positive outlook for 2018
OBG
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Macroeconomic recovery in Thailand gained momentum in 2017, with GDP growth hitting a five-year high on the back of positive performance in exports, tourism and financial services, as well as a moderate uptick in private consumption. Although non-performing loans (NPLs) remain a concern for the banking sector, lending growth accelerated in 2017. Meanwhile, the main index of the Stock Exchange of…

Overview

Thailand continues on the path of steady and sustainable development
OBG
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Located at the heart of South-east Asia, the Kingdom of Thailand covers a total area of approximately 513,120 sq km, making it the 52nd-largest nation in the world by area. It is bound geographically by the nations of Cambodia to the east, Laos to the northeast, Malaysia to the south and Myanmar to the west. Its major natural boundaries include the Andaman Sea and the Gulf of Thailand, which straddle…

Overview

Efforts under way to bridge political divides in Thailand
OBG
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Following the death of His Majesty King Bhumibol Adulyadej in October 2016, a major chapter in the history of the kingdom closed and another opened. With His Majesty King Maha Vajiralongkorn Bodindradebayavarangkun now on the throne, the way ahead promises to be one of further development, with an active monarch as head of state. Meanwhile, the government of the National Council for Peace and Order…

Overview

Tax liabilities: Impacts of the trend towards lower corporate tax rates on developed and developing economies
OBG
plus

Recent decades have seen a downward convergence in corporate tax regimes as advanced, emerging and developing economies moved to grab a bigger slice of the global investment pie. Headline corporate tax rates have fallen by 20 percentage points since the early 1980s. Alongside lower average rates, special tax incentives aimed at capturing investment have emerged, further reducing the effective rates…

Overview

What is the outlook of CEOs as: Thailand 4.0 gains traction?
OBG
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Perhaps more than any other emerging ASEAN market, Thailand has succeeded in crafting a coherent blueprint for adaptation to the rapid technological advancements that are transforming lifestyles and professions in very profound ways. In 2016 the government unveiled Thailand 4.0, an overarching vision that aims to develop a vibrant digital economy and ensure the nation is not left behind in the…

Overview

Increased loan demand driving credit growth in Thailand's banking sector
OBG
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The banking sector experienced mixed results in 2017. Although bank loans and asset quality benefitted from the country’s ongoing economic recovery, with operating profits rising as a result, high provisioning costs and preparations for the new accounting standards that take effect in 2020 saw net profits decline for many larger commercial banks. The sector is resilient, well capitalised and liquid,…

Overview

Reforms aim to boost foreign participation in Thailand's insurance market
OBG
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Steadily improving macroeconomic growth and shifting demographics are creating favourable conditions for the expansion of Thailand’s insurance industry, with reforms aimed at boosting foreign participation supporting a bright outlook for the remainder of 2018. The life insurance segment continues to dominate the country’s insurance landscape, accounting for the bulk of premium and policyholders,…

Overview

New reinsurance programmes bolster coverage against natural disasters in emerging markets
OBG
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While advanced economies generate the vast majority of insurance and reinsurance business, emerging markets are posting higher rates of growth. Complementing this underlying trend is a strong and expanding interest in catastrophic risk, which by nature tends to pertain to emerging markets. This is coming alongside fast-paced, sector-transforming innovation, which could provide a major boost to industries…