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13 Mar 2007

Thai Economy

Outlook for Thai Labor in Singapore, 2007(Current Issue No.1957)

คะแนนเฉลี่ย
In 2006, Thai workers overseas totaled 160,846 persons, up 15.2 percent over the previous year. Most of them were working in countries with high economic growth and had great demand for additional labor.
Singapore is among those destination countries that are worth watching. Over the past ten years (1997-2006), more than 10,000 local job seekers went to work there.
In 2006 alone, as many as 15,115 Thai workers went to work in Singapore. The city-state was ranked as the third largest market for Thai job seekers, behind Taiwan and South Korea, the first and second largest employers of Thais working overseas, respectively.
During the past decade (1997-2006), foreign workers with jobs in Singapore made up 30.3 percent of that city-state's total employment, with the rest – 69.7 percent – being Singaporean citizens. This means that Singapore is in desperate need of foreign workers to drive its economy.
Among the key competitors for Thai workers in the Singaporean job market are workers from India, Bangladesh, Sri Lanka, Pakistan and Myanmar. Most of them are construction laborers or shipyard workers, similar to their Thai counterparts.
In 2007, bright prospects seem to lie ahead for Thais working in Singapore. However, some negative factors including international political woes, wage problems, a lack of Thai workers skilled in shipbuilding as well as the global economic slowdown are likely to affect the employment of Thai workers in this city-state.
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Thai Economy