Firm backs 2.25 billion baht for employment plan


Firm backs 2.25 billion baht for employment plan

First group of new graduates to benefit

The cabinet on Tuesday approved the allocation of 2.25 billion baht from a central budget earmarked for emergency purposes in fiscal year 2021 to hire 10,000 new college graduates for a year, with the aim of helping financially the people suffering from the coronavirus epidemic.

According to Prime Minister Prayut Chan-o-cha, temporary employment is to be managed by 28 state agencies, both in central and provincial areas.

Under this program, new graduates will earn 18,000 baht per month.

“The new employment program is intended to alleviate the financial hardship of those affected by Covid-19,” General Prayut said. “Measures to help entrepreneurs will be decided later.”

From the approved budget, 2.10 billion baht is for monthly salary expenses and 150 million for contributions to the Social Security Fund.

The employment program begins this month, he said.

Last week, Deputy Prime Minister Supattanapong Punmeechaow revealed that the government was preparing to roll out a new 50% co-payment subsidy for the monthly salary of employees of small and medium-sized enterprises (SMEs), its latest move aimed at to discourage mass layoffs country.

The co-payment system should be implemented as soon as possible to help SMEs keep their businesses open, he said.

Supattanapong said the program will be funded either from the 300 billion baht budget the government has set aside to help people and businesses affected by the third wave of the pandemic, or from the 170 billion baht set aside for the stimulus. investment and domestic consumption. like job maintenance.

Both budgets are part of the new 500 billion baht loan decree.

He said the SMEs likely to qualify for the new co-payment system are those that were unable to acquire a 250 billion baht soft loan from the central bank.

The measure could last from 3 to 9 months, Supattanapong said.

In a related development, General Prayut said he had authorized Mr. Supattanapong, the Ministry of Finance and the National Economic and Social Development Council to study the G7 agreement for an overall minimum tax rate of at minus 15%.

The deal aims to get multinationals, especially tech giants, to pay their fair share of taxes.

The Thai prime minister said the deal could affect Thailand’s ability to attract foreign investment, including in its flagship Eastern Economic Corridor.


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