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Myanmar businesses urge closer ties with Kanchanaburi

HIGH POTENTIAL of Myanmar’s Tanintharyi Region could be unlocked only if the government attempts to strengthen bilateral cooperation with the neighbouring Kanchanaburi Province, according to Ye Htut Naing, president of Tanintharyi Region Chamber of Commerce and Industry (TCCI). “Myanmar and Thai businesses have planned to implement the ‘sister cities’ initiative between Dawei and Kanchanaburi. Now […]

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Malee juices revenue with Vietnam deal

SET-listed Malee Group Plc, one of the country’s top juice makers, has sealed its first acquisition deal with a Vietnamese drink producer as part of its ambitious strategic plan to become a health-driven global food and drink firm by 2021. Chief operating officer Roongchat Boonyarat said the company spent 330 million baht to acquire a […]

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Thailand: Executives aren’t prepared for Industry 4.0 revolution

Business executives and government agency leaders don’t feel ready for the coming fourth industrial revolution (Industry 4.0), says global accounting and consulting firm Deloitte. Industry 4.0 is characterised by the integration of physical and digital technologies, like analytics, artificial intelligence, cognitive computing and the Internet of Things. Leaders are not confident their organisations are ready […]

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Malee regional expansion continues with Vietnam acquisition

Food-and-beverages firm Malee Group is investing Bt330 million in its first foreign acquisition, Long Quan Safe Food Joint Stock Company (LQSF), a major beverage producer in Vietnam. The acquisition will increase Malee’s production base for emerging markets in Southeast Asia, helping to drive the proportion of the company’s foreign revenue, currently at 40 per cent, […]

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How to use the tax treaty with Cambodia

The new double-taxation agreement between Thailand and Cambodia officially took effect on Jan 1 for withholding tax and corporate income tax. The two countries only signed the agreement on Sept 7 last year but rushed to complete the ratification process on Dec 26. This super-fast track is a part of a consolidated strategic action plan […]

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