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Cabinet cuts employee social security contributions to 3 percent in Q4

24 Sept 20:46 Key points summarised by AI

The Thai cabinet approved reducing social security contributions for employees (Section 33) from 5% to 3% of their salaries, and for employers, from October to December.
Voluntary insured individuals (Section 39) will also see their monthly contributions cut from 432 baht to 240 baht for the same period, resulting in an estimated 10.7 billion baht shortfall for the Social Security Fund.

Today 09:24 Key points summarised by AI

Thailand secured a US$200 million loan from the World Bank to significantly invest in clean energy and low-carbon urban development initiatives.
The program aims to drive clean energy funding and low-carbon growth, ensuring a just transition for small and medium-sized enterprises, workers, farmers, and local communities.
Channelled through the Export-Import Bank of Thailand, the loan will fund energy efficiency upgrades in public buildings and industrial areas, including rooftop solar installations and electrical system modernizations, reducing initial capital burdens via Energy Service Companies (ESCOs).