Thailand faces a shortage of about 500,000 foreign workers in its manufacturing and services sectors to support an economic recovery from the COVID-19 pandemic, with the government having lifted almost all virus-related travel and business restrictions
A combination of factors including civil strife in Myanmar and virus outbreaks in neighboring countries has led to fewer-than-expected people seeking work in Thailand.
Meanwhile, demand for staff is growing, especially in tourism-related sectors as well as labor-intensive industries like construction and fisheries, where Thais reject jobs because of low pay and difficult work conditions.
Photo: AFP
“This is a serious problem, as Thailand needs these foreign workers to help drive the economy,” said Poj Aramwattananont, vice chairman of the Thai Chamber of Commerce. “We will need more workers going forward, because we have lots of major infrastructure projects. We also have many services-sector jobs that need to be filled.”
Southeast Asia’s second-largest economy is on a recovery path after enduring its steepest contraction in more than two decades in 2020. More than 300,000 foreign workers were estimated to have left Thailand since the pandemic started, with only about 20,000 having returned this year under the bilateral contracts between Thailand and some peers in ASEAN.
About 2.5 million foreign workers are estimated to live in Thailand, Department of Employment Director-General Piroj Chotikasatien said.
The government recently changed rules to enable people with Laos, Myanmar, Vietnam and Cambodia nationalities who are working illegally in Thailand to register and gain a pathway into the formal system.
It also extended the expiring work permits for about 1.7 million people through 2025.
As many as 500 people from neighboring countries are crossing borders every day to seek work in Thailand.
That number would soon increase to 2,000 per day, the Department of Employment has said.
Shares of contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) came under pressure yesterday after a report that Apple Inc is looking to shift some orders from the Taiwanese company to Intel Corp. TSMC shares fell NT$55, or 2.4 percent, to close at NT$2,235 on the local main board, Taiwan Stock Exchange data showed. Despite the losses, TSMC is expected to continue to benefit from sound fundamentals, as it maintains a lead over its peers in high-end process development, analysts said. “The selling was a knee-jerk reaction to an Intel-Apple report over the weekend,” Mega International Investment Services Corp (兆豐國際投顧) analyst Alex Huang
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to remain Apple Inc’s primary chip manufacturing partner despite reports that Apple could shift some orders to Intel Corp, industry experts said yesterday. The comments came after The Wall Street Journal reported on Friday that Apple and Intel had reached a preliminary agreement following more than a year of negotiations for Intel to manufacture some chips for Apple devices. Taiwan Institute of Economic Research (台灣經濟研究院) economist Arisa Liu (劉佩真) said TSMC’s advanced packaging technologies, including integrated fan-out and chip-on-wafer-on-substrate, remain critical to the performance of Apple’s A-series and M-series chips. She said Intel and Samsung
POWER BUILDUP: Powered by Nvidia’s B200 Blackwell chips, the data center would support MediaTek’s computing power demand and business growth, the company said Smartphone chip designer MediaTek Inc (聯發科) yesterday launched a new artificial intelligence (AI) data center with a maximum capacity of 45 megawatts to meet its rising demand for computing power required to develop new advanced chips for AI applications. The company has completed the first-phase computing power buildup at the data center in Miaoli County’s Tongluo Township (銅鑼), providing 15 megawatts of capacity to support its research and development (R&D) capabilities, despite an industrywide shortage of key components, MediaTek said. Supply constraints have plagued a wide range of key components, including memory chips, solid-state drives, power supply units and central
TRANSITION: With the closure, the company would reorganize its Taiwanese unit to a sales and service-focused model, Bridgestone said Bridgestone Corp yesterday announced it would cease manufacturing operations at its tire plant in Hsinchu County’s Hukou Township (湖口), affecting more than 500 workers. Bridgestone Taiwan Co (台灣普利司通) said in a statement that the decision was based on the Tokyo-based tire maker’s adjustments to its global operational strategy and long-term market development considerations. The Taiwanese unit would be reorganized as part of the closure, effective yesterday, and all related production activities would be concluded, the statement said. Under the plan, Bridgestone would continue to deepen its presence in the Taiwanese market, while transitioning to a sales and service-focused business model, it added. The Hsinchu