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THAILAND LIVE Thailand Live Monday 17 March 2025
Grim Employment Prospects Loom Over Thailand File photo courtesy of SCG Thailand for reference only The Thai economy is navigating turbulent waters as the nation's employment landscape reveals ominous signs of distress. Recent coverage from the Federation of Thai SMEs highlights a concerning drop in insured workers under Section 33 of the Social Security Act, affecting over 10 million people and signalling troubling times for job seekers. Full story: https://aseannow.com/topic/1354846-grim-employment-prospects-loom-over-thailand/ -
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British Tourist Missing After Dive Boat Fire Near Koh Tao
How can you lose someone on a boat as small as that, with the sea like a millpond? -
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British Tourist Missing After Dive Boat Fire Near Koh Tao
I went on a 4 island tour in Krabi many moons ago, and the staff was busy saving Chinese snorkelers who jumped in the ocean. Some of them couldn't swim. -
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Grim Employment Prospects Loom Over Thailand
File photo courtesy of SCG Thailand for reference only The Thai economy is navigating turbulent waters as the nation's employment landscape reveals ominous signs of distress. Recent coverage from the Federation of Thai SMEs highlights a concerning drop in insured workers under Section 33 of the Social Security Act, affecting over 10 million people and signalling troubling times for job seekers. The woes don't stop there. Sangchai Theerakulvanich, president of the federation, points to a surge in business closures and stagnation, reflected in negative financial statements submitted to the Revenue Department. This, he argues, showcases companies' battles to remain afloat amid escalating production costs and global economic strains. “Small businesses in Thailand faced hardships even before the pandemic,” explains Mr Sangchai. “The pandemic amplified these struggles and, just as recovery was within sight by 2022, the Russia-Ukraine conflict and competition from foreign labour, particularly from Chinese firms employing non-Thai workers, compounded the challenges.” One proposed solution lies in overhauling the education system to better align with future industries thriving on AI, digital advancements, and multilingual skills. Mr Sangchai emphasises the need for skill diversification, suggesting languages beyond English should be embraced. The competition is real—in neighbouring countries like China, a massive push for innovation-driven entrepreneurship is underway, while Indonesia’s upskilling initiatives have seen millions reskilled in a bid to bolster national competitiveness. Contrary to many debates that centre on increasing the minimum wage, Mr Sangchai underscores a more pressing matter: workforce quality and productivity. "Raising the minimum wage to 400 baht too soon could lead to job losses. The manufacturing sector may not cope with such costs," he cautions, highlighting the impending threat of automation and AI. Recent insights from the National Economic and Social Development Council (NESDC) support this concern, identifying skills development as crucial for Thailand’s workforce in evolving industries like renewable energy and high-tech manufacturing. However, despite new industries promising over 170,000 jobs, a significant dependency on foreign skilled workers poses a hurdle. This reliance is reflected in the 2023 IMD Digital Competitiveness Ranking, where Thailand's digital readiness lags behind, prompting calls for a focus on STEM education. Amidst these complexities, external factors add to the uncertainty. Trade protectionism, particularly from the US, poses potential risks to exports and, by extension, employment. Furthermore, Thailand's standing in human trafficking reports raises questions about its global trade reputation. Unemployment figures for 2024 have risen slightly to 1%, affecting over 402,000 individuals, despite a notable increase in non-agricultural sector jobs. As Thailand charts its path forward, balancing tourism allure, industrial advancement, and workforce development will be pivotal in overcoming these economic hurdles, reported Bangkok Post. -- 2025-03-17 -
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Thailand Defends Uyghur Repatriation Amid US Criticism
That's called far-right politics -
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Drowning During Live Stream as Worker Dies While Searching for Shellfish
Didn't miss their colleague until later reviewing the video... safety last. Like's first
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