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400,000 More Farmers in Thailand

The National Statistical Office conducted a labor survey revealing that Thailands agricultural workforce has increased by 400,000 people year on year. Meanwhile, fewer laborers are entering the manufacturing sector.

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The National Statistical Office conducted a labor survey revealing that Thailands agricultural workforce has increased by 400,000 people year on year. Meanwhile, fewer laborers are entering the manufacturing sector.

The National Statistical Office reported the results of a labor survey that was conducted in August 2010, which found that there are total 38.7 million people currently in the workforce, an increase from last years figure by 410,000 people, up 1.1 percent from 2009.

rice farmers Thailand

The sector that experienced the greatest growth in the labor force was agriculture, which saw an increase of 400,000 people, up from the 15.42 million people the previous year to 15.82 million.

The sector that experienced the greatest growth in the labor force was agriculture, which saw an increase of 400,000 people, up from the 15.42 million people the previous year to 15.82 million. The sectors that have seen the most significant growth behind the agricultural industry are in wholesale and retail businesses, followed by the service industry and government employees.

Meanwhile, the industries that have seen significant drops in their labor forces were those in the logging, food, beverage and auto manufacturing sectors. At the same time, the non metallic mineral products, paper, leather and print advertising were the fastest growing manufacturing industries. The study found that there were a total of 22.89 million people working outside the agricultural sector.

Also according to the survey, there were total of 353,000 unemployed people in Thailand, making for a 0.9% unemployment rate, a decrease of 0.3% when compared with last year, which saw 93,000 fewer unemployed people in the workforce. However, compared to the month before the survey was conducted, there are 8,000 more employed Thais. Approximately 99,000 of the unemployed laborers were previously working in the manufacturing industry, while 86,000 were from service and commercial industries and 10,000 were from the agricultural sector.

The Bangkok Metropolitan had the highest unemployment rate, with 1.1 percent, followed by 1 percent in the Central region, 0.8 percent in the Northeastern region and 0.6 percent in the South.

via Thai-ASEAN News Network.

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Economics

BoI Plans More Efforts to Promote BCG Economy

National News Bureau of Thailand

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BANGKOK (NNT) – The Board of Investment (BoI) is working with related agencies to rev up promotion of the bio-, circular and green (BCG) economy to help drive growth over the next 5 years.

BoI Secretary-General Duangjai Asawachintachit said the BoI is looking into more business categories for high technology as part of efforts to promote the BCG economy.

She said the government is focused on developing the bio-economy as Thailand has more than 30 million people working in the farm sector, yet most of them remain in poverty.

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Ecommerce

Covid-19 and medical tourism: is a recovery on the cards?

Oxford Business Group

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Covid-19 and medical tourism: is a recovery on the cards?

– Before the pandemic, medical tourism was a major growth area
– Dubai was a world leader among emerging market destinations
– Covid-19 travel bans and lockdowns seriously dented growth
– Increased emphasis on safety has enabled a gradual re-opening

Prior to the outbreak of coronavirus, medical tourism was a significant growth industry in many emerging economies. While the pandemic represented a major setback for the segment, there are signs that it may be recovering in several markets.

The last decade saw a boom in medical tourism. By 2018 the global market was generating $58.6bn annually and in 2019 it was forecast to grow at a compound annual growth rate of 11.7% – reaching more than $142.2bn by 2026.

The segment’s growth was largely spurred by increased awareness – particularly among citizens of higher-income countries – of the quality and relatively affordable health care options on offer in many emerging economies. The appeal was further enhanced by the possibility of combining medical treatment with a holiday in an attractive location.

Asia has been a popular region for medical tourism for some time. In Thailand, for example, guided by the Ministry of Public Health’s 2016-25 strategic plan entitled ‘Thailand: A Hub of Wellness and Medical Services’, stakeholders have been working to cement the country’s position as a regional leader in medical tourism.

Elsewhere in Asia, in 2017 the Indian government began offering a medical visa aimed at bringing in more foreign patients. 

Governments in other regions similarly moved to capitalise on this growing segment. In 2015, for example, Turkish Airlines announced a 50% discount on flights for people coming to Turkey for medical treatment.

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Economics

Thai Government Promotes Circular Economy

National News Bureau of Thailand

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BANGKOK (NNT) – The Industry Ministry aims to increase social awareness among 65 factories this year to promote environmentally friendly production under the circular economy model.

Minister Suriya Jungrungreangkit said the government is committed to safeguarding the environment and communities through a campaign for business sustainability.

He said factories that join the government’s corporate social responsibility (CSR) project will benefit from waste and cost reduction based on high technology.

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