Environmental policies in Thailand are governed by the Factory Act B.E. 2535 (1992) (“Factory Act”) in conjunction with other legislation. The Factory Act aims to increase public participation and follow the “polluter pays” principle.[1] Different stakeholders are involved in the process for the EIA such as the business undertaking the project, the Office of Natural […]
Thai law prescribes strict rules for the advertising of pharmaceutical products. Permission must be granted to sell drugs through radio, television slide or motion picture, or in print.[1] What should companies be aware of when advertising pharmaceutical products, particularly to the public, as opposed to healthcare professionals? What is a ‘drug’? The advertising of substances […]
Cyber risk encompasses all risks that would arise from using technology and its related data. In the last few years, cyber threats and attacks have been on the rise in Thailand. In fact, the Kingdom reportedly experienced 20 million cyber-attacks in the past year alone. According to TrendMicro, the five categories most vulnerable to hackers in […]
“Companies don’t go global, people do.” The point of this statement by renowned Organizational & Cross-Cultural Psychologist, Andy Molinsky, is simple. Companies can export technology, operating procedures and even their corporate cultures to new countries, but the human factor will determine the success or failure of overseas ventures. Considerations When entering a new market, organizations […]
In an effort to help struggling small and medium sized enterprises (SMEs) survive the effects of the COVID-19 pandemic, the Federation of Thai Industries (FTI) and the Thai Listed Companies Association (TLCA) plan to propose four debt and health related measures to the Prime Minister, Prayut Chan-o-cha in a meeting for the Economic Situation Administration […]
SET-listed oil and gas company, PTT Public Company Limited (‘PTT’) has announced its plan to assist small and medium sized enterprises (‘SMEs’) that adopt advanced technologies through its Industrial Digital Platform (‘IDP’). The platform is scheduled to be launched in January next year, with an expectation that it will assist around 70,000 participants nationwide. PTT […]