The ongoing flood crisis has impacted more than 10,000 businesses in 15 provinces, affecting over 350,000 workers, according to the Labour Ministry.
The Department of Labour Protection and Welfare also reported that if the floods continued, 100,000 more workers were at risk of being laid off, explaining that business operators may be unable to rehabilitate their businesses and factories in time and may be unable to continue paying wages in the long run.
Meanwhile, the workers, who were not fully paid, will be forced to find new jobs. Some of them may join the ranks of the unemployed.
In hard-hit Ayutthaya, 616 businesses and 195,406 workers were affected.
However, four at-risk industrial zones which have not yet hit by floods include Navanakorn Industrial Estate and Bangkadee Industrial Estate in Pathum Thani, Ladkrabang Industrial Estate, and Bangchan Industrial Estate in Bangkok. (MCOT online news)
Thailand supplies around 60% of the world’s HDDs, with other Southeast Asian countries like Malaysia and Singapore picking up the slack. So any shutdown of factories in Thailand has a ripple effect on the computer industry.
Thailand aims to push its games and content industry
After almost a year under the pandemic, the number of game players in Thailand rose to 32 million and helped the market generate over a billion dollars in 2020, according to NewZoo, an international analytics and market research group.
Thailand’s H1 Investment Applications rise 158% in combined value, BOI says
Japanese firms ranked first with 87 projects worth 42.8 billion baht, followed by investments from the U.S. with 18 projects worth 24.1 billion baht, and China with 63 projects worth 18.6 billion baht.
In the first six months of 2021, Thailand’s investment applications increased 14% from the year earlier period in terms of the number of projects, and 158% in combined value, led by increasing foreign direct investment (FDI) applications, sustained growth in target industries including the electronics and medical sectors, as well as in power generation, the Thailand Board of Investment (BOI) said.(more…)
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