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India's great employment challenge
News, Published on 22/01/2024
» India seems to be a favourite growth story nowadays. Despite valid concerns about the accuracy of official statistics, the economy is projected to expand by 6.3% in 2024 -- an undeniably remarkable feat given that its GDP exceeds $4.1 trillion. While it remains a lower-middle-income country with a per capita income under US$3,000 (106,500 baht), its rapid growth suggests that its economic potential may be greater than expected. But any optimism about economic prospects must be tempered by its inability to address two challenges. The first is the unequal distribution of the benefits of rapid economic growth, which have accrued predominantly to the top 10–20% of income earners.
Employment key to reopening economy
Business, Wichit Chantanusornsiri, Published on 15/10/2020
» Finance Minister Arkhom Termpittayapaisith has instructed ministry departments to devise measures to tackle unemployment and propel the economic recovery in preparation for a full reopening of Thailand's economy.
Employment tipped for 2018 rebound
Business, Chatrudee Theparat, Published on 10/03/2018
» The employment situation is expected to improve this year in line with a stronger economy after last year's employment rate dropped by 0.6%.
Thailand faces grim employment prospects
Business, Wichit Chantanusornsiri, Published on 17/03/2025
» Thailand's employment prospects are negative as there are clearer signs of a shrinking workforce, evidenced by fewer insured workers under Section 33 of the Social Security Act, which covers more than 10 million people, according to the Federation of Thai SMEs.
Employment demand pops last month
Business, Suchit Leesa-nguansuk, Published on 30/03/2021
» Thailand's labour force is recovering from a plunge last year that saw 3 million people lose their jobs because of the pandemic, though people with IT skill sets are in great demand as organisations gear up for digital transformation, according to job search platform JobsDB.
Termination of Employment in Thailand
Published on 06/08/2022
» According to Thai labour laws, an employer is empowered to terminate an employee’s employment at its will, except for members of the Employee Committee which requires a court order for dismissal. However, the consequences of dismissal with and without statutory causes under the Labour Protection Act B.E. 2541 (the “Labour Protection Act”) will be different in terms of the statutory payments for which the employer is legally required to pay the employee. In this regard, the question “how much statutory payment does the employer have to pay to the employee due to dismissal?” becomes one of the most concerned and critical issues for all employers.
Employment robust at Marriott hotels
Business, Molpasorn Shoowong, Published on 11/05/2023
» Marriott International remains upbeat about Thailand's labour crunch in the tourism sector as employment at its properties countrywide now almost matches the level recorded in 2019.
Thai auto industry employment declining
Lamonphet Apisitniran, Published on 22/11/2024
» Employment in Thailand’s automotive and auto parts industries as well as car financing services is declining as domestic car sales have been sluggish for months, with the latest job cuts by Nissan Motor adding to the misery.
Host of headwinds threaten employment prospects
Business, Chatrudee Theparat, Published on 24/02/2021
» The second wave of Covid-19, drought and a labour shortage, particularly of high-tech and digital skill groups are tipped to haunt Thailand's employment prospects this year.
MFP aims to abolish daily employment
News, Penchan Charoensuthipan, Published on 09/09/2022
» The Move Forward Party (MFP)-led House committee on labour is proposing an amendment to the Labour Protection Act aimed at abolishing temporary and daily employment and upgrading the status of workers to help them make ends meet.