Many Thais Facing Unemployment Risks: Academic

(6 December) Many Thais are facing risks of unemployment due to the slowdowns in global and domestic economies, according to Deputy Director of the Centre of Economic and Business Forecast, University of Thai Chamber of Commerce.


Mr. Wachira Khoontaweethep said business firms are also facing difficulty in releasing their stocks and increasing capitals. He blamed the government′s enactment of new minimum wage rate at 300 baht per day as a factor.
Employability Confidence Index in November also remains at 68.2, the lowest in 18 months, said Mr. Wachira, adding that many people are facing employment struggles in Bangkok and its peripheral provinces, including provinces that have not been connected to logistic routes.
Meanwhile, SMEs Investment Suitability Index in November 2013 hit its lowest in 89 months at 70.4, causing SMEs to put off their investments.

For comments, or corrections to this article please contact: [email protected]

You can also find Khaosod English on Twitter and Facebook