Showing 1 - 3 of 3
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).
Securing Thailand's energy future
Oped, Supra-kasem Kashemsri Na Ayudhaya & Tippatrai Saelawong, Published on 22/05/2024
» Since the 2021 military coup in Myanmar, foreign governments -- in particular the European Union and the United States, have issued travel bans and frozen the financial assets of corporate entities and individuals involved with the military regime. The most recent US financial sanction on the Myanmar Oil and Gas Enterprise (Moge), a major source of foreign currency revenue for the military government, which took effect in November 2023, is a potential risk to Thailand as it is reliant on gas from Myanmar for electricity generation.
Reconsidering unclaimed dividends
Oped, Thanapoom Chaisiri & Tippatrai Saelawong, Published on 17/01/2024
» Every year, a significant amount of unclaimed stock dividends accumulates due to a loss of contact with some of the rightful owners. This amount is substantial. For example, unclaimed dividends at the Thailand Securities Depository (TSD) have grown to 746 million baht over 10 years.