Thailand can strengthen its migration policies and systems to support sustained, innovation-driven growth, under its Thailand 4.0 strategy, experts concluded at a presentation of the recent World Bank report.
Thailand, Malaysia and Singapore combined are home to 6.5 million ASEAN migrants, or 96 percent of all migrants in ASEAN, and Thailand alone accounts for more than half of all ASEAN migrants. About half of Thailand’s migrants are from Myanmar and most of the rest hail from Lao PDR and Cambodia.
Strong, streamlined labor policies and systems to facilitate migration commensurate with labor needs, the increased use of data by decision makers, and lower costs for would-be migrant workers will be key to realizing the vision of Thailand 4.0.” said Ulrich Zachau, World Bank Director for Thailand
Jointly organized by the Ministry of Labor and the World Bank, and bringing together representatives from government, the private sector, development partners, think tanks, and civil society, the conference focused on the report’s lessons for Thailand.
“Labor mobility in ASEAN brings benefits to the citizens of both receiving and sending countries. However, a migration system requires collaboration between not only sending and receiving countries but also stakeholders in order to bring about the greatest gains from labor migration,” said H.E. Police General Adul Sangsingkeo, Minister of Labor.
Migrants contribute significantly to Thailand’s economic development, according to the report. They fill critical skills gaps in sectors and occupations where local Thai workers are not always available.
Conference participants noted that effective migration systems can play a critical role in knowledge-based economies, by attracting highly productive, formally employed workers. They can also help improve transparency and predictability, incorporate feedback from employers and other stakeholders, and adjust policies rapidly according to changes in the labor market.
ASEAN Economic Forum to focus on “Advancing Partnership for Sustainability”
This year, as the ASEAN Chairman, Thailand has proposed the concept of “Advancing Partnership for Sustainability” as the main topic of 2019’s ASEAN Leaders Meeting.
BANGKOK, 17 June 2019 (NNT) – At the 34th ASEAN Summit, Thailand will propose plans for promoting cooperation in various areas needed among ASEAN countries and accelerate implementation of the plans by this year under the concept of “Advancing Partnership for Sustainability” which will be the main topic of this ASEAN Leaders Meeting.(more…)
King Power wins Duty Free auction for Thailand’s main airports
King Power is adding three regional airports to its duty-free concession portfolio after winning the bid for Suvarnabhumi
BANGKOK, 12 June 2019 (NNT) – King Power today won the bidding to run duty-free shops in three regional airports, marking another victory for the firm which previously won two licenses to operate duty-free shops and the commercial zone at Bangkok’s Suvarnabhumi Airport.(more…)
Private sector adopting a“wait and see” approach to new government
Mr. Thanawat disclosed that the Consumers Confidence Index dropped to 77.7 in May, the lowest in 19 months, due to the people’s concerns over political uncertainties and fears of the trade war between the United States and China
(NNT) – The private sector is waiting to see new ministers in charge of economic portfolios who may raise the confidence of investors. The Consumers Confidence Index was reported at 77.7 in May, the lowest in 19 months.(more…)
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