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).
How banks can stop the trade in illegal wildlife
Oped, Timothy Choon, Published on 10/02/2021
» Despite being the fourth most lucrative trade globally, the illegal wildlife trade (IWT) is often overshadowed by more prominent criminal ventures, such as drug trafficking and arms dealing. It is estimated that US$26 billion (779 billion baht) is made yearly at the cost of our natural environment, fuelling corruption, and damaging the reputation and economies of the affected countries.
Little progress in war on graft
Asia focus, Nareerat Wiriyapong, Published on 11/03/2019
» Corruption is rarely out of the news in Southeast Asia, but the last three weeks have been busier than usual. In Vietnam, two former information ministers were arrested on suspicion of mismanaging public investment. The prosecution order issued on Feb 23 for Nguyen Bac Son and Truong Minh Tuan accuses them of "violations of regulations on management and use of public investment capital that cause serious consequences". The news cast a shadow over Hanoi's preparations fo the Trump-Kim nuclear summit.