top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.

Forex

The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Economic Indicator

18 Nov 2021

Thailand to Allow More Foreign Workers to Help Kick start Economy

The Index Today

Thailand has announced plans to bring in more foreign workers from next month in hopes to revive the dwindling economy. The country has recently seen a shortage of workers which has negatively impacted manufacturing and growth. The economy is still recovering from the deadly pandemic and aims to get boost growth over the next quarter.

The Thai government will encourage illegal workers in the country to register themselves, which will in turn help assess the total number of workers and deficit in labor supply. According to the figures, the government will then allow workers from neighboring countries such as Cambodia, Myanmar and Laos to enter. According to estimates, the labor shortage comes to 300,000.

Labor Minister Suchart Chomklin stated, “We start prosecuting illegal workers from next month because we can’t take any risks that will lead to any new outbreak.” The Prime Minister of Thailand has previously faced challenges with migrant workers and economic recovery. Out of 2.5 million foreign workers in Thailand, one-fifth went back to their native countries during the pandemic. The nation’s economy declined by 6.1% last year and is expected to go up 1.2%.

Clay pottery with table linens
bottom of page