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Companies in Thailand and Thai company news and reviews
More than a quarter of APAC companies vulnerable if Russia-Ukraine crisis escalates
Over a quarter of rated Asia-Pacific (APAC) companies will be at risk under a downside scenario of a global recession and a more severe liquidity squeeze if the Russia-Ukraine military conflict escalates, according to Moody’s Investors Service in a new report.
In 2020 Asia will have the world’s largest GDP. Here’s what that means
In 2020 Asia’s GDP will overtake the GDP of the rest of the world combined. By 2030, the region is expected to contribute roughly 60% of global growth. Asia-Pacific will also be responsible for the overwhelming majority (90%) of the 2.4 billion new members of the middle class entering the global economy.
Proposed Amendments to Thailand’s Public Limited Companies Act
The proposed amendments aim to improve the efficiency of and bring consistency to Thailand’s corporate system and procedures that were impacted by the pandemic, as borders were closed and logistics disrupted, leading to the loss in competitiveness for local businesses.
Why South-East Asian SMEs are missing out on the digital revolution
Digital financial services, in particular, have kept the South-East Asian economy afloat. The rise of digital payments and greater access to the internet have fuelled the rapid rise in digital consumers amid the pandemic. Online payments in the region are poised to exceed $1 trillion by 2025, driven by the ongoing trend away from cash payments and increased usage of e-commerce, as well as further development of new payment methods, particularly for e-wallets and prepaid cards.