Struggle with changes as Thai firms venture abroad
In the last three years, Thai conglomerates have made significant acquisitions abroad, mostly in the Asia Pacific as well as in the US. In 2014, Thai firms invested almost $4 billion in other Asian countries, more than double the figure in previous years, according to a new study by leading global advisory, broking and solutions company Willis Towers Watson. Today, Asia Pacific-headquartered companies account for 40 per cent of the firms in the Fortune Global 500, outnumbering those headquartered either in North America (30 per cent) or in Europe (28 per cent). This represents a significant growth from 10 years ago, when they comprised only 24 per cent of the ranking.
