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Widespred corruption in Thailand undermining business, causing companies to invest money elsewhere

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Few Thai firms caught for bribery and illegal acts, researcher tells panel; fears for impact on development

Bribery, red tape and corruption have to be reduced before Thailand becomes non-competitive and unsuitable for many corporations, which would seek to invest elsewhere, a roundtable on corporate good governance concluded last week.Building a climate of good governance will take years and will also require the government to be less corrupt than it is, said the panellists at the seminar organised by Krungthep Turakij, a sister daily of The Nation.

Read more: The Nation

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