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WB raises Thai growth forecast to 4.1 per cent

THE WORLD Bank (WB) has revised up Thailand’s economy growth this year to 4.1 per cent from its previous estimate of 3.6 per cent given the country’s robust performance.  The bank has also revised up its forecast of Thailand’s economy in the year 2019 and 2020 to 3.8 per cent for both years, up from […]

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Thailand – Getting Old Gracefully: New retirement regime for Thai private sector employees

As Thailand gradually transforms into an ageing society, the potential economic and social burden of retiring workers is one issue that is likely to be on the minds of many employees, employers, and policymakers.  New amendments to Thailand’s Labour Protection Act have addressed this issue by introducing a retirement regime for Thai private sector employees, placing […]

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GMS countries discuss food safety

High-ranking officials from the Greater Mekong Subregion convened last week to discuss regional cooperation in food safety, agricultural trade and the implementation of the GMS Strategy and the Siem Reap Action Plan. The 15th Annual Meeting of GMS’s Working Group on Agriculture took place on May 29-30 in the Chinese city of Pu’er, in Yunnan […]

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Thailand – NESDB: Room for growth for social enterprises

THAILAND’S social enterprises have been facing issues of sustainability and limited ability to have a positive social impact, but they have plenty of room to grow, the National Economic and Social Development Board said. To promote social enterprise is part of the government’s 20-year national strategy, aiming to narrow the income gap between the rich […]

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