Labour Day brings little cheer for Thailand’s 20 million informal workers

13 Sept 04:56 Key points summarised by AI

Over half of Thailand's workforce (19.6 million) are informal workers, lacking legal protection, social security, and stable income, making them highly vulnerable, especially post-COVID-19.
Many informal workers, and some formal ones, face abrupt dismissals without severance pay, often enduring lengthy legal battles to claim their entitlements.
Informal workers earn meager wages with no ability to negotiate, struggling with rising living costs and the constant fear of job loss if they demand better pay.
Despite a proposed bill for informal worker protection, issues like workers transitioning from formal to informal sectors, unfair treatment of migrant workers, and an outdated minimum wage persist, with calls for a significant hike to 492 baht/day.

New home loan scheme aims to boost property sector with Bt125 billion

Yesterday 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.