Connect with us

Economics

Skills and productivity of Thai workers should be improved

Kasikorn Research Centre KRC advises in a new report that the Thai government should further develop the skills of the country’s workers and their productivity so that Thai products can compete more effectively in the global market.

Published

on

Kasikorn report

Kasikorn Research Centre KRC advises in a new report that the Thai government should further develop the skills of the country’s workers and their productivity so that Thai products can compete more effectively in the global market.

The KRC recommendations were made after the National Wage Committee decision Thursday to increase the daily minimum wage by Bt8-17 countrywide effective Jan 1.It said the increase is slightly higher than the inflation rate and is considered “positive news” to workers throughout the country.

Kasikorn report

The government should introduce innovative knowledge and technology in order to strengthen labourers’ skills from medium to long-term by offering improved incentives so that they would not migrate overseas,

However, Thai industry will encounter a challenging problem next year on the rise of operational costs due to the increase of the minimum daily wage and a decline in profit margin because of a fiercer competition in the market, both local and overseas.Thailand’s exports have been hurt by the strength of its baht currency and the shortage of skilled labour, KRC said.

via Think Tank: Skills, productivity of Thai workers must be improved.

Click to comment

Leave a Reply

Economics

Asia’s slow rate of vaccination is a thorn in the region’s economic recovery

Southeast Asia has been hit badly. Daily infections for Indonesia, Thailand, Vietnam are at their worst, on a seven-day moving average. The Philippines and Malaysia are not far off their daily infection peaks reached in the second quarter of 2021.

Published

on

Last week was tough for the Asia-Pacific region. Many countries responded to stubbornly elevated daily infections by extending or tightening social distancing measures.

(more…)
Continue Reading

Economics

World Bank lowers Thai GDP growth outlook to 2.2%

In the Thailand Economic Monitor released today, the World Bank adjusted its outlook on Thailand’s economic growth this year to just 2.2% from its previous forecast of 3.4%.

Published

on

BANGKOK, July 15, 2021 – Thailand’s economy continues to take a heavy toll due to the COVID-19 pandemic and is projected to expand modestly at 2.2 percent in 2021, revised down from the 3.4 percent growth projected in March, according to the World Bank’s latest Thailand Economic Monitor “The Road to Recovery” published today.

(more…)
Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 14,160 other subscribers

Wise

Recent