You are using an outdated browser and your browsing experience will not be optimal. Please update to the latest version of Microsoft Edge, Google Chrome or Mozilla Firefox. Install Microsoft Edge

May 12, 2011

The Report: Thailand 2011 – More Prudent Practice

Subscribe to Updates
Oxford Business Group

No country is immune to corruption. Corruption and other illicit activities thrive in Thailand today as they have throughout this nation’s long history. According to Transparency International’s latest survey, the level of corruption in Thailand is no worse than it is in many countries. Is it liked? No. Accepted? Yes, but as a repugnant fact of life. Why? Because most people can do little about curbing it so they learn to live with it. Is the government promoting anti-corruption? Lip service, yes. Concrete steps? Very slow, so the jury is still out. Are Thais less moral or ethical than other nationalities? No. With perhaps a few exceptions in the political arena and within the circles of the powerful, they know that corruption is reprehensible.

Download Full Article
Related Professionals

Practices

Compliance and Investigations

Location

RELATED INSIGHTS​ 

October 15, 2019
Successive Thai governments have consistently emphasized the importance of improving Thailand’s standing as a foreign direct investment (FDI) destination, recognizing its significant impact on economic growth and stability, along with a host of other beneficial factors. This awareness, coupled with Thailand’s well-developed and modern legal framework, has persuaded many investors to identify Thailand as a business hub in Southeast Asia.
Read More
October 15, 2019
In recent years, remarkable reforms have been made to Myanmar’s legal, social, and economic commitments. The government has specifically focused on the liberalization of the market and the promotion of foreign direct investment—highlighted, for instance, by the Myanmar Investment Law (2016), and the Myanmar Companies Law (2017). The World Bank is projecting 6.5 percent growth in GDP in 2018–19, reflecting broad-based economic growth in the country.
Read More
October 15, 2019
Situated strategically between Cambodia, China, Myanmar, Thailand, and Vietnam, the small, landlocked country of Laos has strong potential to be a crossroads for foreign investment. While its more economically powerful neighbors attract the largest share of investment, the economic outlook of Laos is good and continues to grow at a steady and impressive clip—6.5 percent in 2018—with mining and natural resources leading the way. 
Read More