Selective minimum wage increases in 10 provinces

13 Sept 13:56 Key points summarised by AI

Thailand's Wage Committee approved a 400 baht minimum wage for employees in 4-star hotels with at least 50 staff, specifically targeting designated tourist areas across 10 provinces, effective April 13th.
This selective increase aims to bolster the crucial tourism industry in high-revenue regions, reflecting a consensus among stakeholders, including employers and employees in the hotel sector.

Thailand secures US$200m World Bank loan for clean energy and low carbon cities

Yesterday 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).