Women and youth found to bear brunt of job losses amid pandemic
These workers were more likely to lose their jobs because they dominated sectors that were hard-hit, like hotels and restaurants, wholesale, and retail.
Thailand launches 2nd phase of job retention programme for SMEs
Small and medium enterprises (SMEs) can now register for the second phase of the recently announced Job Retention SME programme.
Thailand expects digital finance to boost economic growth in 2022
The digital finance service is part of a smart payment infrastructure connecting government agencies, lenders and businesses with digital technology.
Thailand allocates 2.4 billion baht for digital initiatives
One of the projects is an identification programme, aimed at helping SMEs access government e-services and promoted government projects.
Thailand approves 5-billion-baht soft-loan package to create jobs
The cabinet has given the go-ahead for a soft-loan package worth 5 billion baht (US$150 million) to help create jobs for the unemployed.
Thailand to regulate digital platform businesses
To maintain financial and commercial stability, such businesses will have to provide notification before commencing operations.
Thailand approves 37 billion baht in subsidies for SMEs
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.
Thailand approves incentives to speed up industry 4.0 transformation
Companies with approval will have to fully implement their upgrade plans within three years from the BOI certificate issuance date.
Thailand sees 222,871 jobs created in October
As the country gets ready to reopen its borders on November 1, the Labour Ministry has announced that 222,871 jobs have been created.
Thailand mulls tax cut for skilled foreigners
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.
Thailand plans to help SMEs retain workers
A new project will help generate new jobs, maintain employment for about 400,000 workers and subsidise the income of over four million workers.
Thailand approves subsidies to help SMEs keep staff employed
To help about 480,122 struggling small businesses keep five million employees employed, the government is planning to roll out subsidies.
Thailand budgets US$1.3 billion job support for small businesses
The country’s planning agency is launching a 45.4-billion-baht (US$1.4-billion) stimulus package to help small businesses keep jobs.
Thailand approves 27 billion baht COVID-19 relief fund
Support will also be extended for an existing scheme that encourages domestic travel until end-February as the pandemic situation eases.
Thailand approves US$518 million of COVID-19 support
The funds will financially support companies and employees affected by the latest measures to contain the latest spike in COVID-19 cases.
Government to help SMEs get digitally equipped in Thailand
The Ministry of Commerce is providing assistance to SMEs to be digitally equipped to get through the pandemic.
Thailand to boost employment through Eastern Economic Corridor
The Labour Ministry is aiming to create almost 400,000 jobs in the country’s Eastern Economic Corridor (EEC) within the next five years.
Thailand launches “Factory Sandbox” to protect 3 million jobs
The pilot programme aims to limit COVID-related disruptions to the country’s export-driven manufacturing sector.
Bank of Thailand relaxes debt assistance to support businesses
This includes the adjustment of its soft loan scheme to support liquidity for both existing and new SME borrowers by expanding their credit line.
Thailand needs US$30 billion more to support the economy
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.
Thailand increases aid to COVID-infected state employees
A new regulation that boosts the financial assistance offered to state enterprise employees infected with COVID-19 has taken effect.
Companies urges Thai government to grant tax relief for vaccinations
Companies have asked the government to allow them to deduct the cost of vaccinating their employees from their corporate taxes.
Thailand approves 42 billion baht COVID-19 stimulus package
The financial aid will apply to companies in the sectors of construction, hotels, food services, art, entertainment and recreation in affected provinces.
Thailand announces 7.5 billion baht COVID-19 relief package
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.
Bank of Thailand extends debt restructuring measures for SMEs
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.
Thailand rolls out wage subsidies to deter mass layoffs
Qualified SMEs for the new co-payment scheme include those that could not acquire a soft loan from Thailand’s central bank package.
Thailand approves US$4.5 billion COVID-19 stimulus package
The measures include cash handouts to welfare card holders and special groups, co-payments and cash rebates, and will be implemented from July.
Thailand plans more COVID-19 stimulus packages to save jobs
The measures include assistance to the tourism industry, which has been hit badly by the outbreak, and support to retain jobs at smaller companies.
Thailand likely to see higher unemployment this year
The National Economic and Social Development Council said the third wave of the pandemic is likely to lead to soaring unemployment this year.
Thailand plans US$7.2 billion stimulus to help low-income group
The Cabinet gave in-principle approval for the fiscal stimulus measures, aimed to help the poor cope with the economic impact from the pandemic.