Thailand Corporate Tax Rate Overview and Global Changes Thailand’s proactive stance on implementing the Global Minimum Tax (GMT) demonstrates significant changes to the corporate tax landscape for 2025. The country has recently joined the GMT initiative led by the Organization for Economic Co-operation and Development (OECD), aligning with global efforts to curb tax avoidance and… Read More

Thailand is confronting a critical demographic transformation that is reshaping its economic landscape. The Thailand aging population trend is creating unprecedented challenges for the labor market, prompting the government to develop comprehensive strategies to address potential economic disruptions. Understanding Thailand’s Demographic Shift and Labor Shortage Thailand’s population is experiencing a rapid aging process that has… Read More

The Southeast Asian private equity (PE) market has witnessed significant growth in recent years. 2023 wrapped up with a total of 22 deals deploying US$3.9b, and, as of 2024, Southeast Asian PE firms are holding unprecedented levels of dry powder amounting to US$2.59 trillion in 20231 – the amount of uncommitted capital that PE firms/investors… Read More

BOI Thailand Introduces New Measures to Boost Automotive Industry and EV Market As global competition in the automotive sector intensifies, Thailand’s Board of Investment (BOI) is implementing measures to solidify the nation’s leadership in automotive manufacturing, with a particular focus on the growing electric vehicle (EV) market. These initiatives are designed to enhance local production… Read More

India’s semiconductor industry is poised to reach US$110 billion by 2030, demonstrating significant growth and promising opportunities for business and investors. This projected surge, nearly five times as great as the 2019 market size of US$22.7 billion, is driven by the most populous country’s huge domestic demand, particularly in its telecom stack and industrial applications…. Read More

Production and sales of electric vehicles (EVs) in Thailand have been on the rise in recent years due to the shift in demand from gasoline-powered cars to lower-emission vehicles, alongside the Thai government’s efforts to boost domestic productivity. The government aims to see the country producing all types of electric vehicles (passenger car, commercial vehicle,… Read More

On January 15, 2024, Vietnam’s 15th National Assembly enacted the revised Land Law 2024, a legislative overhaul poised to reshape the nation’s land management landscape. Effective from August 1, 2024, this comprehensive reform introduces significant changes with far-reaching implications for the manufacturing sector and foreign investors. Limits on Agricultural Land Transfers The amended Land Law… Read More

Over the past four years, the United States has witnessed a profound surge in domestic and foreign direct investment (FDI) within its semiconductor industry, driven by strategic government incentives and unprecedented demand for new technology. This growth underscores the critical role of semiconductors in global technology and highlights the United States’ ambitions to advance its… Read More

With over 1600 exhibitors from 91 countries, Food and Hotel Asia (FHA) 2024 in Singapore was another bustling congregation of the agri-food community showcasing their latest products, processes, technologies, and ingredients. Suffice to say that a trade show such as FHA presents an accurate depiction of the state of the agri-business industry and is an… Read More

China has made great achievements in agriculture modernization, but the problems of unbalanced domestic agricultural green development and the insufficient supply of high-quality green agricultural products still exist. In recent years, China has increasingly paid attention to green development transformation. China first proposed the concept of agricultural green development (AGD) in 2015, aiming to achieve… Read More