Thailand’s property market set to experience brokerage megashift

Thailand’s property market set to experience brokerage megashift

Thailand’s property market set to experience brokerage megashift It’s clear that Thailand’s real estate sector is expected to undergo a megashift as a result of the Covid-19 pandemic and search for a ‘new normal’, if that’s even possible. That said, one of the country’s leading PropTech groups FazWaz says the crisis has only accelerated dynamic charges to…

Thai economy to return to normal in three years

Thai economy to return to normal in three years

Thai economy to return to normal in three years The Thailand Development Research Institute (TDRI) has forcast that Thailand is likely to take up to three years to return to normal economic conditions similar to 2019. Bangkok (VNA) – The Thailand Development Research Institute (TDRI) has forecast that Thailand is likely to take up to three years to…

Thai Economy shrinks 1.8% in first quarter

Thai Economy shrinks 1.8% in first quarter

Thai Economy shrinks 1.8% in first quarter BANGKOK (Reuters) – Thailand’s economy contracted at its sharpest pace in eight years in the first quarter, pushing Southeast Asia’s second largest economy into recession sooner than expected, as the coronavirius pandemic hit tourism and domestic activity. The state planning agency, reporting January-March data on Monday, slashed its…

Tesco addressing migrant worker abuse at Thailand distribution centres

Tesco addressing migrant worker abuse at Thailand distribution centres

Tesco addressing migrant worker abuse at Thailand distribution centres Migrant workers at Tesco’s distribution centres in Thailand are being abused, according to an annual modern slavery statement from the UK-based company. Out of 187 migrant workers interviewed in Thailand, many had issues with unexplained and illegal wage reductions, excessive overtime hours, indebtedness through recruitment fees. Migrant workers at…

Covid-19, poverty, social protection and the Thai economy

Covid-19, poverty, social protection and the Thai economy More than half of workers in Thailand are informal, meaning they are not covered by a social security scheme and are particularly vulnerable. The coronavirus pandemic (COVID-19) has touched people from all walks of life. Across Thailand, children have been home from school, employees have been working…