Recruitment consultancy Robert Walters Thailand says the nation’s high- and mid-level workforce is insufficient, particularly in the 12 targeted industries of the flagship Eastern Economic Corridor (EEC). Natiya Saul, director for Bangkok and the Eastern Seaboard, said the corridor has been able to attract new investment for the 12 industries, but the country’s labour market […]
Read MoreThe government’s pledge to boost the country’s minimum wage is foundering because of an economic slowdown. US-China trade tension and its impact on Thailand is one of the risks to monitor, according to Labour Minister Chatu Mongol Sonakul. An official report due Monday may show economic growth slowed to a near five-year low of 2.2%, […]
Read MoreThe four biggest commercial banks have passed on the central bank’s 25-basis-point policy rate cut almost in full, slashing their minimum retail rate (MRR) and minimum overdraft rate (MOR) from Thursday. Kasikornbank (KBank), Krungthai Bank (KTB) and Bangkok Bank (BBL) cut their MOR and MRR by 25 basis points, while Siam Commercial Bank (SCB) lowered […]
Read MoreThe sluggish economy and lack of consumer confidence continues to cause subdued media spending, with year-to-date ad expenses dropping 2% from the same period a year earlier, says researcher Media Intelligence Co (MI). “The local media industry will continue to decline because of the economic slowdown, while consumers are not willing to spend,” said Pawat […]
Read MoreThe Bank of Thailand is considering relaxing the loan-to-value (LTV) regulations governing mortgage lending by refraining from requiring co-signers. The central bank has considered a raft of proposals from property developers to ease the LTV requirements, with an end to the co-signer rule likely the only one to change, said Ronadol Numnonda, deputy governor for […]
Read MoreThe average appraisal price for new land, which will take effect for four years starting from Jan 1, 2020, has risen by 8% nationwide from the current version. The appraised prices of about 70% of total land have been held from the previous assessment, with 29% increasing and the remaining 1% falling, said Wilawan Veerakun, […]
Read More
Thailand
