Asia-Pacific: Companies face rising credit risks despite shorter payment delays

Coface’s 2022 Asia Corporate Payment Survey, conducted between November 2021 and February 2022, provides insights into the evolution of payment behaviour and credit management practices of about 2,800 companies across the Asia Pacific region during another pandemic year.

Thai cabinet approves new minimum daily wages rate table

The Cabinet approved a standard wage rate for workers in three occupational groups that possess a certificate from the Department of Skill Development (DSD).

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.

The Philippines Amends its Foreign Investment Act

The amendments aim to promote and attract foreign investments by allowing, for the first time, international investors to set up and fully own domestic enterprises (including micro and small enterprises in the Philippines.

Thai Corporate Earnings to continue Recovering in 2022 says Fitch

The earnings of Fitch-rated Thai corporate issuers should continue to improve in 2022, supported by a recovery in economic activity and a gradual reopening of the country from the pandemic

Thailand’s liveability ranking sinks amidst Covid-19 restrictions and environmental concerns

Thai cities have fallen out of the global top 100 most liveable locations for expatriate workers from East Asia, with Bangkok and Chiang Mai placed at 115th and 118th in the latest Location Ratings survey respectively

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.

How Thai businesses can manage modern slavery risks?

New tools developed in conjunction with with the Stock Exchange of Thailand and Finance Against Slavery and Trafficking have launched.