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.
Large Shopping Malls in Bangkok Will Be Closed until July 25th
Shopping malls under the Mall Group, including all branches of The Mall, the Emporium, Emquartier and Paragon Department Store, are also closed for 14 days, from today, except for supermarkets, food courts, pharmacy shops, eateries (take-out and delivery only), banks, mobile phone shops and vaccination sites.
Downside risks loom for Thai economy due to Prolonged COVID-19 Outbreak
The most important issue for the Thai economy at present would be the procurement and distribution of appropriate vaccines adequately and timely.
The Bank of Thailand (BoT) has revealed that Thailand’s economy faces significant downside risks, because a prolonged COVID-19 outbreak could cause the economy to underperform the baseline projection, squeezing business liquidity and slowing employment.(more…)
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