The cabinet has approved the Interior Ministry Wage Committee’s proposal to raise the minimum daily wage for workers in 71 provinces by 1-8 baht, a source at government House said on Tuesday.

Go here to read the rest:
Cabinet approves new wage rates

Externally, the trade balance in January 2009 recorded a 1,688 million US dollar surplus. Export value contracted for the third consecutive month while import fell even more rapidly. Export value dropped 25.3 percent (yoy) to 10,382 million US dollars. This was due mainly to contraction across the board except for labour-intensive industries which still expanded from gold export. Import value contracted 36.5 percent (yoy) across the board to 8,694 million US dollars. When accounting for the net services, income, and transfers surplus of 601 million US dollars from lower investment income transfer compared to the previous month, the current account balance registered a 2,289 million US dollar surplus.

Nevertheless, the impact on lending was muted. Commercial banks, concerned about credit risks in a contracting economy, were cautious in lending, while private sector demand for credit generally declined in tandem with economic activity. The rate of increase in loans by commercial deposit-taking institutions slowed from 8.4% in the ifrst quarter to 6.1% in the second. Stock prices as refected in the SET index, afer falling by 48% in 2008, picked up in the second quarter of 2009. The index rose by 45% in the first 8 months of this year, a gain in line with other Asian markets.
.

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Thai Capital to Get New English Name

This new update, proposed by the Office of the Royal Society, includes the change of the official English title of Thailand’s capital city from Bangkok to Krung Thep Maha Nakhon, with the commonly known title of “Bangkok” kept within parentheses.

Thailand raises to level 4 alert for COVID-19

Thailand’s COVID-19 alert has been raised from Level 3 to Level 4 today (Thursday), with more restrictive measures to be announced in the near future, according to Public Health Permanent Secretary Kiattibhoom Vongrachit.