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The Thai government says it wants to help workers who have been laid off after closing nearly 11 factories in the past 1.400 months.

Prime Minister Prayut remains optimistic despite the layoff of 35.533 workers. According to him, 2.889 new companies and factories have been added in the same period, which should provide work for 84.033 people.

Prayut wants his ministers to take measures to stimulate the economy. For example, farmers and workers must be assisted financially, but skills must also be improved. The prime minister also proposes to promote domestic and foreign investment and in particular government projects. The use of digital technologies should be used to improve efficiency in business.

Krichanont of the Ministry of Industry says many factories are still desperate for workers. Many factories want to expand their production capacity, which would involve an investment of 431 billion baht.

Minister Chatu of employment says that there are still about 79.000 vacancies, which is an indication of the high demand for personnel. He is confident that investments in infrastructure and public transport will ensure that the economy shows better figures in the coming years.

Source: Bangkok Post

20 responses to “Prime Minister Prayut optimistic about the economy despite significant job losses”

  1. Henk says up

    As usual keep saying that the economy and tourism in Thailand are doing well. It's the Thai way of survival and to avoid losing face. I really hope for Thailand that it's not too bad. That the expensive Baht leaves no trace.

    • PEER says up

      Yes Hank,
      That expensive Th Bath also ensures that exports are threatening to go further and further to the minimum. And those 3000 new “companies”: that includes hairdressers, nail stylists and handymen?
      On that information, things seem to be going great in Thailand.

  2. Rob says up

    I think it would be better that he first do something about age discrimination, because when my girlfriend lost her job because of a holiday in the Netherlands, it was very difficult for her to find new work, because most factories set a maximum of 38 years.
    So for all rose-colored viewers, this country is not that beautiful, no real holidays for the Thai, age discrimination, corruption, etc. The only thing that is always there is the sun.

    • Johnny B.G says up

      This is inconsistent with my experiences.

      It is a mystery to me why the owners of massage parlors, blowjob bars and bars always do well in terms of staffing, but if our company has a job for a parcel packer in a decent business, then there is 0,0 enthusiasm. 15000 for 5 days a week and includes free insurance. And 30 paid days off. Just shoot me in that famous rubber thingy.

      • TheoB says up

        Dear Johnny BG,

        My girlfriend is interested. Please send some further information to: theob.thailandblog monkeytail gmail.com
        Thank you in advance. 🙂

  3. Rob V says up

    The economic prospects cannot really be called positive: decline here, decline there, contraction here, contraction there. Vice Prime Minister Somkid Jatusripitak has called for NOT to talk about the economy because that would damage confidence in the market... Head in the sand, look away.

    - https://www.bangkokpost.com/business/1797214/forecasts-cut-as-q3-gdp-withers
    - https://www.bangkokpost.com/thailand/general/1796999/dont-mention-the-economy

    • TheoB says up

      That last link reminds me of Fawlty Towers:
      “Don't mention the war!”
      https://www.youtube.com/watch?v=yfl6Lu3xQW0

    • Rob V says up

      And today again the request to keep our mouths shut: please say nothing about the purchase of the 3 submersibles. "Stop talking about sub, says navy chief."

      https://www.bangkokpost.com/thailand/general/1798614/stop-talking-about-sub-says-navy-chief

      @Johnny: yes a real classic, great. 🙂

  4. janbeute says up

    But professional skills must also improve.
    Now I would like to know how Prayut intends to approach this.
    And certainly in the short term.
    Then from tomorrow there may be a gigantic change at high schools, technical schools and Unions.

    Jan Beute

    • John says up

      I recently went to a technical college in Ubon Ratchantani in the car section, they had the latest equipment only there was a lack of students there were about 3 boys walking around, the teacher told me there was no ambition they preferred to start working immediately then she earned something.

      • janbeute says up

        As a former car technician, I also went to a technical school in Lamphun and to the CMU Uni in Chiangmai.
        At the CMU I first thought I had joined a car hobby club for students.
        Turned out to be advanced training in the car trade and that at Uni level.
        There were still diesel injectors that I still knew from a gray past.
        So by Thai school standards I also had a university education.

        Jan Beute.

      • ruud says up

        If their previous education is as solid as that in the village, where subtracting two numbers under a thousand by heart is an impossible task for almost every student, where hardly anyone knows the times tables of 10 and where after high school hardly anyone can speak 3 words of English, I can imagine that they would rather work than study.

  5. l.low size says up

    Problems such as those that will arise in Thailand have already been mentioned in previous posts.
    (The Netherlands cannot escape the same problem either)

    In Thailand, due to the aging of the country, the ratio is expected to be 1:1, younger versus elderly by the year 2035
    Due to the lack of good (technical) training, the shortage of skilled employees will decrease further. The number of highly skilled employees are still retiring relatively early, in some cases already at the age of 55.

    If Minister Chatu has no workers, investments in infrastructure and public transport make little sense, unless, for example, Japanese people are attracted and people from India.

    The fact that Prayut puts the ball in the court of his ministers shows little decisiveness and leadership!

    • l.low size says up

      fall should be : rise

      • Mark says up

        Could lung Toe be able to look at 2035 through a demographic lens in a social welfare economic context?

        I fear that he too is unable to see beyond the end of his nose and only in a context of personal interest.

        Where would he have learned otherwise?

    • theiweert says up

      “The fact that Prayut puts the ball in the court of his ministers shows little decisiveness and leadership!”

      Maybe he can learn from our Prime Minister for a while 😉

      • Chris says up

        It does not have to do with the lack of decisiveness and leadership, but with a lack of knowledge of economics. If all goes well you apparently don't need that knowledge, but if the need arises, of course you will. And then it turns out that Prayut doesn't have it, but his economic czar also hits blunders. A rudderless whole.

  6. Rob V says up

    Here's a great decision: illegal hotels are allowed to stay open for the benefit of the economy. Now that things are getting worse, it wouldn't be right to close hotels that are on land where it's against the law. Will they close the hotels when things get better??? 555 sigh.

    https://www.bangkokpost.com/thailand/general/1799014/province-to-allow-encroaching-hotels-to-stay-in-business

  7. Gerrit says up

    After many years of Thailand, I am in Canada. People warned me: Canada is a big man. As it turns out, in many ways much cheaper than (current) Thailand. A nice house cuts in yes, 25.000 p/m but incl. internet, heating, water, etc. Buying in a supermarket: cheaper than Thailand. Gasoline, cheaper. Public transport, very affordable. Tax refunds, medical insurance, etc. In Thailand I had to pay taxes with my work permit status, but got zero zero in return. Prayuth is really destroying Thailand. For low-income retirees it becomes unsustainable.

    • fred says up

      We are now staying more and more in Portugal. Also there not more expensive than Thailand and oh so easy to stay and live.
      A friend of mine has exchanged Thailand for Uruguay…….not even need a visa and he can stay there for 6 months.
      In Thailand, even if you are married to a Thai person, you still have to report every 90 days and go for a visa extension every year.
      And then they are amazed that many pensioners leave here. In many countries people are waiting for people who cost nothing but only come to spend their money.
      They forget that many of those people here also help the local economy…..they buy cars, mopeds, televisions, bicycles, pumps and so on.
      I also don't understand where Thailand actually wants to go.


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