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How employers can temporarily shut down their businesses to weather the COVID-19 situation
Published on 03/08/2021
» With the latest wave of COVID-19 continuing to have a serious impact on Thailand, many businesses have been looking for ways to survive. Some have temporarily reduced employees' wages, while others have resorted to a complete or partial halt to operations. In these unprecedented circumstances, it is vital that business owners understand the legal criteria and steps for implementing a temporary cessation of operations in Thailand, as outlined in this article.
Airlines nearing brink of collapse
Business, Narumon Kasemsuk, Published on 22/07/2021
» Over 20,000 employees from seven airlines are on the verge of losing their jobs if the ban imposed on domestic flights is prolonged to three months without help from the long-awaited 5-billion-baht soft loan from the government, according to the Airlines Association of Thailand (AAT).
B14bn loan for staff payroll at local airlines halved
Business, Dusida Worrachaddejchai, Published on 23/06/2021
» A 14-billion-baht loan for seven local airlines has been sliced in half in an effort to retain jobs in the second half as the industry prepares for the country to reopen to foreign tourists by mid-October.
Clarity sought over private vaccinations
Business, Lamonphet Apisitniran, Published on 25/05/2021
» The Employers' Confederation of Thai Trade and Industry (EconThai) is asking the government to clear legal hindrances blocking private hospitals from administering Covid-19 vaccines for employees as hospitals are reluctant to carry out vaccinations.
Cut eyed for worker SSF portion
News, Published on 23/01/2021
» The Labour Ministry will seek cabinet approval for a reduced contribution to the Social Security Fund (SSF) by employees from 3% to 0.5% in February and March to ease the financial plight of employees affected by Covid-19.
Surging Covid caseload dents investor confidence
Business, Published on 26/09/2020
» Recap: Global stocks fell amid surging Covid-19 infections globally, with Hong Kong posting its biggest weekly drop in six months. European stocks fell along with US equity-index futures as investors weighed the receding prospects of a new American stimulus package.
SSO defends Sri Panwa investment
News, Penchan Charoensuthipan, Published on 23/09/2020
» A senior Social Security Office (SSO) official on Tuesday defended its investment in Sri Panwa Hospitality Real Estate Investment Trust, saying it is in line with SSO regulations.
5,000-baht SSF stipend moves forth
Business, Wichit Chantanusornsiri, Published on 11/07/2020
» The Finance Ministry has approved the Labour Ministry's proposal to provide leftover budget as a cash handout of 5,000 baht a month to nearly 90,000 workers registered under the Social Security Fund who were affected by the pandemic.
Changing employment conditions during the COVID-19 situation
Published on 13/05/2020
» The COVID-19 crisis continues to have a serious impact on global economic conditions, and many employers are feeling the severe economic effects here in Thailand. In light of this situation, employers are making efforts to ensure that their businesses survive the crisis, often looking to cost reduction measures such as reducing employees’ wages and benefits in accordance with labour laws. In general, Thai labour laws permit employers to reduce employee wages and benefits either by negotiating with employees and receiving their consent for the reductions, or by carrying out the labour relations processes described below.
NBTC tries mobile ID for loans
Business, Komsan Tortermvasana, Published on 22/01/2020
» The National Broadcasting and Telecommunications Commission (NBTC) says its mobile ID project will help facilitate nano-finance operations and address the loan shark problem.