Showing 1 - 4 of 4
Combating synthetic identity fraud
Business, PwC Thailand, Published on 08/05/2017
» While Thailand is on track to fully adopt Europay, MasterCard and Visa chip cards (EMV) by the end of 2019, bankers are anxiously anticipating a new dawn of online fraud triggered by identity and card-not-present transaction scams, as well as so-called sleeper fraud and account takeover. Lessons learned from early adopters such as the UK, Australia, and Canada shows a sharp decline in counterfeit card fraud. But the good news ends there. Application fraud and online fraud increased by 80-100% in a three-year period following EMV; and since EMV launched in the US through the last quarter of 2016 e-commerce fraud rose 42%.
The new Customs Act: What to expect and how to prepare
Business, PwC Thailand, Published on 27/03/2017
» After several years of discussions, the draft Customs Act was finally approved on March 9 by the National Legislative Assembly (NLA). It will replace and consolidate all current versions of the Customs Act 1926, and it is expected to be proposed for consideration by His Majesty the King within 20 days after NLA approval. Once approved and signed, it will be announced in the Royal Gazette and come into force within 180 days from the announcement date.
More investment incentives in pipeline as Thailand seeks to enhance competitiveness
Business, PwC Thailand, Published on 27/02/2017
» Thailand is introducing two new investment programmes -- Amendment No.4 of the Investment Promotion Act 2017 and the Competitive Enhancement Act for Targeted Industries 2017 -- aimed at enhancing the country's competitiveness on the world stage and maintaining a position as a major business hub within Southeast Asia for trade, investment and finance.
M&A: Making strategic acquisitions to achieve growth
Business, PwC Thailand, Published on 25/10/2016
» The Asean Economic Community is opening up the region to the free movement of goods and services, as well as the free flow of capital and labour. Concurrently, companies from the traditional developed economies that are experiencing little or no growth at home are seeking new opportunities in the growth markets of Southeast Asia. These forces are creating buy-side activity in the mergers and acquisitions market. Meanwhile, family-owned businesses are assessing increased competition, as well as more challenging management succession issues, which together drive sell-side considerations.