To help SMEs retain employees, the Thai Cabinet has approved a 37-billion-baht (US$1.1 billion) subsidy programme that will help pay for salaries.
Companies with approval will have to fully implement their upgrade plans within three years from the BOI certificate issuance date.
As the country gets ready to reopen its borders on November 1, the Labour Ministry has announced that 222,871 jobs have been created.
Foreigners who would qualify for this lower tax rate must work in fields in which Thailand faces a skills shortage, and could work anywhere in the country.
A new project will help generate new jobs, maintain employment for about 400,000 workers and subsidise the income of over four million workers.
To help about 480,122 struggling small businesses keep five million employees employed, the government is planning to roll out subsidies.
The country’s planning agency is launching a 45.4-billion-baht (US$1.4-billion) stimulus package to help small businesses keep jobs.
Support will also be extended for an existing scheme that encourages domestic travel until end-February as the pandemic situation eases.
The funds will financially support companies and employees affected by the latest measures to contain the latest spike in COVID-19 cases.
The Ministry of Commerce is providing assistance to SMEs to be digitally equipped to get through the pandemic.
The Labour Ministry is aiming to create almost 400,000 jobs in the country’s Eastern Economic Corridor (EEC) within the next five years.
The pilot programme aims to limit COVID-related disruptions to the country’s export-driven manufacturing sector.
This includes the adjustment of its soft loan scheme to support liquidity for both existing and new SME borrowers by expanding their credit line.
By end-2021, jobless numbers are forecasted to hit 3.4 million, up from 3 million in Q2’ 2021, reported the country’s central bank chief.
A new regulation that boosts the financial assistance offered to state enterprise employees infected with COVID-19 has taken effect.
Companies have asked the government to allow them to deduct the cost of vaccinating their employees from their corporate taxes.
The financial aid will apply to companies in the sectors of construction, hotels, food services, art, entertainment and recreation in affected provinces.
The payout will cover over 690,000 employees across six high-risk provinces, paying out half their wages with a cap of 7,500 baht.
The debt moratorium has been extended from June 30 to December, and will be applicable to SMEs hit by the economic uncertainty due to the pandemic.
Qualified SMEs for the new co-payment scheme include those that could not acquire a soft loan from Thailand’s central bank package.
The measures include cash handouts to welfare card holders and special groups, co-payments and cash rebates, and will be implemented from July.
The measures include assistance to the tourism industry, which has been hit badly by the outbreak, and support to retain jobs at smaller companies.
The National Economic and Social Development Council said the third wave of the pandemic is likely to lead to soaring unemployment this year.
The Cabinet gave in-principle approval for the fiscal stimulus measures, aimed to help the poor cope with the economic impact from the pandemic.
The restrictions are now enforced in six provinces — Bangkok, Chiang Mai, Chon Buri, Nonthaburi, Pathum Thani and Samut Prakan.
A government spokesperson said that the new relief packages would be decided “carefully” to ensure that those who are impacted by the pandemic are covered.
To help workers made jobless by the latest COVID-19 wave, the country’s Ministry of Labour is compiling a list of more than 225,000 job vacancies.
The Ministry of Public Health's advisory comes as the number of COVID-19 cases are expected to spike after the Songkran festival.
The Ministry of Labour will provide free COVID-19 tests to members of the social security scheme, in a bid to curb the spread of COVID-19 in Bangkok.
The cabinet has approved its third stimulus package of 1.9 trillion baht (US$60.5 billion) to help workers and businesses get through the pandemic.