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The latest World Bank Report for East Asia and Pacific, 2016-2018, suggests that growth in the region will remain resilient over the next three years, but that in the longer term there are significant risks, and countries need to take measures to reduce financial and fiscal vulnerabilities.In particular, the Report recommends that countries address constraints to sustained and inclusive growth, by filling infrastructure gaps, reducing malnutrition and promoting financial inclusion.For Thailand, the World Bank forecasts growth at 3.1% in 2017 an....
The Bankruptcy Act (No.9) B.E. 2559 (2016) became effective on 25 May 2016, broadening the provision relating to the reorganization of a debtor’s business to allow a debtor who is unable to repay his debt avoid bankruptcy.Previously, such reorganization was limited only to debtors that were a limited company, a public limited company or any other juristic person as prescribed in the Ministerial Regulations. This amendment to the Act has widened the definition to include a debtor who is a natural person; a group of persons; a non – registere....
Financial reports can sometimes be a difficult swamp to swim through, here are some simple tips to help you understand basic accounting terms.Balance SheetThis basic form gives a glimpse of the company’s assets, or what it owns, and what it owes, such as liabilities and equity.AssetAn asset is anything a company owns. Cash, buildings, equipment, cars, they all count as an asset. If your company bought a car and that car contributes to running your business, then it is an asset.LiabilitiesAre you hiding the electric bill under your mattress, h....