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Being graft-free is good for business
News, Bhumpat Ngamyingsanga & Tippatrai Saelawong, Published on 25/09/2024
» Risks of corruption and bribery are key factors that multinational companies take into account when deciding to invest money or conduct business in Thailand. Early this month, a well-known US-based company selling farm and construction equipment paid $10 million (329 million baht) to settle charges from the US Securities and Exchange Commission after its Thai subsidiary was found bribing government officials to secure procurement contracts from the Department of Highways (DoH) and the Department of Rural Roads (DRR).
Is Asia a rising star or a poster child for disaster?
News, Janice Ian Manlutac, Published on 07/07/2018
» Emerging Asia, which covers India, China, and Southeast Asia, will be revelling in an economic growth rate of 6.3% annually from 2018 to 2022, according to the Organisation for Economic Co-operation and Development (OECD). But there's a hitch: Asia is also waist-deep in alarming projections of deaths, damage to livelihoods and property, and worsening inequality because of disasters and climate change. Asia's robust economic growth is not underwritten.