According to a press release from the Bank of Thailand, the concern is that while most businesses can now continue payments, an extension of the assistance measure could impact the long-term stability of financial institutions.
The competitiveness of Thailand’s small and medium-sized entreprise (SME) business sector could be threatened once the Asean Economic Community (AEC) takes effect in 2015, according to the director of Thai Chamber of Commerce University Center for International Trade Studies.
5.5 million Thai workers to receive Bt300/day minimum wage
Some 5.5 million workers in Thailand, employed in factories, trade and services sectors are entitled to receive the governments minimum wage of Bt300/day, according to the Ministry of Labour and Social Welfare.
Thailand’s SME should adjust to ASEAN’s Economic Community
Thailand’s small- and medium-size enterprises (SMEs) should adjust to prepare for the country’s entry into the ASEAN Economic Community (AEC) in the next 3-4 years, according to Prime Minister Abhisit Vejjajiva.
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