Thailand’s Prime Minister urges ASEAN to focus on incentives beyond low labor cost, pushing for higher minimum wages.
Thailand’s Shift From Low Labor Cost to Other Incentives
Prime Minister Srettha Thavisin emphasized the need for Thailand to move away from using low labor cost as a way to attract foreign investments. Instead, he advocated for focusing on clean energy, good international schools, public health care, fair capital market, zero corruption, and ease of doing business during a panel discussion at the World Economic Forum in Davos.
“Low labour cost should not be the attracting point. The attracting point should be clean energy, good international schools, good public health care system, fair capital market, zero corruption, and ease of doing business.”
Prime Minister Srettha Thavisin
ASEAN Collaboration on Minimum Wages
Thavisin also called for collaboration…
