China should complete its transition to a market economy — through enterprise, land, labor, and financial sector reforms — strengthen its private sector, open its markets to greater competition and innovation, and ensure equality of opportunity to help achieve its goal of a new structure for economic growth.
Property protests have been erupting in China. Unhappy people were picketing outside a developer’s office in Shanghai Friday, while a blockaded village mourned the death of a local man who’d been leading a fight against land seizure
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The Labor Ministry is coordinating with companies to temporarily hire over 300,000 workers who have been left jobless by the flooding. The Labor Ministry’s flood relief center reported that approximately 8,450 companies and 320,000 workers have been affected by the flooding between October 1 and 13.
The Federation of Thai Industries president has indicated that the cost of flood damage to the industrial sector in Ayutthaya Province stands at between 70 and 80 billion baht. He urges the government to provide extra help to flood-hit SMEs. Federation of Thai Industries, or FTI, President Payungsak Chartsuthipol said the current floods have badly affected the industrial sector in Ayutthaya Province, which has over 100,000 workers and more than 500 factories. These factories are mostly involved in the auto parts, electrical appliances and electronics, textiles and rubber goods industries.
The Commerce Ministry reports that Thailand’s export in May picked up 17.6 percent from the same period last year. Despite risk factors like political instability in Thailand and in the Middle East, the strengthening baht and rising oil prices, the ministry believes this year’s export will grow by 15 percent as targeted. Commerce Minister Porntiva Nakasai stated that export for May was worth 19.4 billion US dollars, or a 17.6-percent rise year-on-year, while import saw a 33.8-percent expansion, worth 19.1 billion US dollars, leaving a surplus of 278 million dollars.
Thailand Business News In the “land of smiles”, the real estate market is really attractive and the requirements to buy or rent an apartment or a condo are easier. Welcome to Thailand where more than 8,000 French and over 15,000 American expats have been attracted by the quality of life, the strong purchasing power and the amazing tropical climate. Share this Article
Thailand Business News According to the latest Condominium Market Report from Colliers International Thailand approximately 10,800 units were launched in Q1 2011 with slightly more coming from suburban Bangkok . Share this Article