Featured
Thai Airways is seeking a younger image
To avoid allegations of sex and age discrimination, THAI plans to make voluntary retirement highly appealing, with flight attendants who have served for 15 years being offered a lump-sum of up to 30 times their monthly salary.

Passengers of Thai Airways International (THAI) can expect to be served by younger female flight attendants as senior staff take up an unprecedented voluntary resignation package.
THAI is aiming to improve its appeal to customers while circumventing accusations of age and sex discrimination with a tempting ‘‘mutual separation plan’’ for female flight attendants aged 45 and over. Those who take up the carrier’s offer will receive up to 30 times their monthly salary in a lump sum.
The scheme is the first so-called “mutual separation plan” – or MSP – to be launched by THAI in its 50-year history and exclusively targets female flight attendants aged 45 and over.
The initiative, which has been backed by the airline's union, is part of the management's bid to rejuvenate THAI's brand image and save costs, while giving senior crew the chance to stay on or leave the firm, said THAI executives.
To avoid allegations of sex and age discrimination, THAI plans to make voluntary retirement highly appealing, with flight attendants who have served for 15 years being offered a lump-sum of up to 30 times their monthly salary.
THAI president Piyasvasti Amranand said the MSP would help the airline trim operating costs. Older THAI cabin attendants earn about 100,000 baht a month, while younger colleagues get about 30,000 baht.
THAI is believed to be among very few leading carriers in Asia in having very liberal employment terms for female cabin attendants, with no fixed period of service or age limit beyond the compulsory retirement age of 60.
The Thai carrier had originally followed the norms of the worldwide airline industry, hiring cabin attendants on contract terms and setting the age limit for operating on flights at 45. But union and political pressure in the 1990s, while Montree Pongpanit served as transport minister, succeeded in removing restrictions, enabling attendants to work on board until 60, provided they were willing and physically fit enough.
via THAI seeking a younger image.
China
Bangkok 7th World Most connected city to China
Bangkok also ranks 3rd in terms of the volume of Chinese corporate leasing activity over the last three years, according to a new report from real estate consulting firm JLL.

While China’s biggest corporates are increasingly flexing their global muscle as the country’s economic and geopolitical influence accelerates, Bangkok is the 10th most popular destination for mainland firms expanding overseas. (more…)
Featured
Thailand’s Special Economic Zones (SEZ) and new opportunity connected
The SEZ policy was first launched in 2015 based on the government’s belief in the strong potential of the 10 areas to connect with the neighboring countries in terms of trade, economy and investment

With its strategic location in the center of ASEAN with emerging markets, including Cambodia, Laos, Myanmar, Malaysia and southern China, on its border, Thailand is well position to connect investors to new opportunities arising from the increasing border trade and the region’s rapid economic growth.
(more…)
Banking
Decrypting the Crypto Bubble : China Ban Vs. Thailand’s cautious welcome
ICO has gained popularity among tech startups as a convenient and timely way to access funding. In the past few months, ICO has grown exponentially and has surpassed early stage venture capital funding

Twenty years ago, day trading was the great new pastime for Americans, all of them tuned to the financial news and reports on the day’s newest crop of IPOs. (more…)
-
Economics1 week ago
Thailand Tops Bloomberg’s Emerging Markets List
-
Economics4 days ago
96% of Foreign Investors still confident in Thailand says BOI
-
Investment5 days ago
Thailand BOI new measures to boost post-Covid-19 investment
-
Companies5 days ago
Thai Firm to produce 200 million doses of Covid-19 vaccine