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Cabinet approves new minimum wage raise

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.

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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.

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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.
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Thailand maintains Emergency Decree while easing Covid-19 restrictions

The Center for COVID-19 Situation Administration (CCSA) has extended the Emergency Decree until November 30th, but further relaxed some measures.

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Thailand’s Centre for COVID-19 Situation Administration (CCSA) approved a proposal to shorten the nighttime curfew to 10pm-4am, instead of the current 9pm-4am, and to resume other types of businesses from October 1st.

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Thailand Approves Package to Attract Wealthy Foreigners and Professionals

Thailand’s Cabinet has approved an economic stimulus and investment promotion package aimed at attracting wealthy foreigners and highly skilled professionals from overseas to help revive the post-COVID economy.

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Thailand’s Cabinet has approved an economic stimulus and investment promotion package aimed at attracting wealthy foreigners and highly skilled professionals from overseas to help revive the post-COVID economy.

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