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The Latest Breaking News from Tanit Sorat

Businesses and economists took a deep breath after the US and Iran signed off on a deal to end their war and reopen the Strait of Hormuz, lifting optimism as oil prices fell, which could ease inflation and support potential economic growth.

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Businesses warn of worker shortage

Thai businesses are pressing the government to renew work permits for 190,000 Cambodian migrant workers, warning of a looming labour shortage if their licences are allowed to expire.

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EconThai glum on second-half outlook

The domestic economy may slow down in the second half of the year due to a number of problems, ranging from looming drought and political uncertainties to a sluggish global economy, says the Employers' Confederation of Thai Trade and Industry (EconThai).

Bangkok Post

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Migrant workers plug crucial gaps

Some roles, particularly in Thailand's recovering tourism and service sectors, are now mostly being filled by migrant workers due to a chronic manpower shortage, a top official from the Employers' Confederation of Thailand (ECOT) has said.

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The price of populism

After the Songkran celebrations peter out, Thais must contemplate the general election on May 14 and decide whether political parties' campaign pledges will really create a healthier economy.

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Industry applauds election clarity

Thailand's general election is scheduled for May 14, with early ballots cast on May 7, according to a recent statement from the Election Commission.

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Wage hikes could harm economy

Political parties are being urged to stop wooing voters by promising them unrealistic leaps in daily minimum wage rates which many experts warn will do more harm than good to the country's economic system.

Bangkok Post

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Business leaders back U-turn on land sales

The government's decision to withdraw its proposal to sell land to prospective foreign investors has been supported by key business leaders, with the move seen as having no significant impact on the Thai property market.

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An age-old dilemma

The government is under pressure after the cabinet approved a bill that allows foreigners to own land if they invest here, a policy that has been widely derided as "selling off" the country.

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Cabinet backs expats owning land

The cabinet approved on Tuesday the Interior Ministry's proposal to allow foreigners to hold land ownership of up to one rai (roughly 0.16 hectares) for residential purposes, though critics warned the move may trigger land speculation by foreign investors.

Bangkok Post

Desperate for a long-term vision

With the country's next general election tentatively slated for May 7, 2023 by the Election Commission, assuming the House of Representatives completes its four-year term by March 23, many political parties have cranked up their election machines, with leading parties already kicking off their campaigns.

Bangkok Post

Employers call for new economic strategies

Thailand needs to prepare new economic plans, including more production of value-added products in the agricultural sector, in response to the hurdles caused by geopolitical conflicts, notably the Russia-Ukraine war, says the Employers' Confederation of Thai Trade and Industry (EconThai).

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Wage hike looms large for firms

Businesses have mixed reactions to the new daily minimum wage hike finalised by the cabinet on Tuesday as they deal with a raft of economic challenges.

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Thai industry left at the altar

Heightened geopolitical tensions are tipped by some analysts and economists to trigger a spillover effect, with one possibility the relocation of industries to this region, including Thailand.

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Business shrugs off PM's suspension

Business leaders expect Wednesday's decision by the Constitutional Court to suspend Prime Minister Prayut Chan-o-cha from office to have little impact on the government's administration and its ongoing efforts to spur the country's fragile economy.

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EconThai calls for wage hike to be based on inflation rate

The Employers' Confederation of Thai Trade and Industry (EconThai) is urging the government to base the daily minimum wage calculation on inflation, not politically-motivated factors, as the Labour Ministry plans to enforce the new wage hike in October, which is sooner than originally anticipated.

Bangkok Post

Youth shun tourism jobs in favour of admin work

Administrative duties top a list of young applicants' 12 most sought-after jobs, while tourism and hospitality work is least popular, says the Employers' Confederation of Thai Trade and Industry (EconThai).

Bangkok Post

Labour market rocky amid slow recovery

Only less than half of businesses surveyed by the Employers' Confederation of Thai Trade and Industry (EconThai) managed to maintain their employment as the local labour situation is expected to slowly improve amid economic challenges in the second half of this year.

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Industry cowers as baht dips again

The Federation of Thai Industries (FTI) has warned against further currency depreciation to 37 baht against the US dollar, claiming it would make life more miserable for businesses and households because of higher oil prices.

Bangkok Post

Employers back wage hike

The Employers' Confederation of Thai Trade and Industry (EconThai) has come out in support of a daily minimum wage hike if the increase is appropriate based on current inflation.

Bangkok Post

Unmasking changes to Covid restrictions

As Thailand plans to downgrade Covid-19 to endemic status in July, several rules from the pandemic era such as wearing a mask in public and mandatory purchase of Covid health insurance to enter the nation for foreign visitors are set to change.

Bangkok Post

Firms cheer easing of tourism rules

After more than two years of severe hardships brought about by Covid-19 outbreaks, tourism-related businesses are seeing a glimpse of hope after the government agreed on Friday to abandon the pre-registration process for foreign visitors and the requirement for face masks to be worn in public.

Bangkok Post

For work hours, one size does not fit all

A four-day workweek sounds pleasing to many and has gained traction in some fields as employees are hesitant to head back to the office. However, industry analysts and executives in Thailand are sceptical of a permanent shift in the nation.

Bangkok Post

Doubts linger over job situation

The government's planning unit, the National Economic and Social Development Council (NESDC), reported on May 23 Thailand's unemployment rate dropped in the first quarter to its lowest level since the start of the pandemic, boosted by higher employment in both the agricultural and non-agricultural sectors, as the economy gradually recovers.

Bangkok Post

Employment situation seen improving in first quarter

The unemployment situation in the first quarter is likely to improve boosted by healthy export growth and a gradual recovery of the tourism sector, according to the Employers' Confederation of Thai Trade and Industry.

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