Market Intelligence Reports

Quarterly APAC Market Report Q3 2020

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23 October, 2020 Thailand Schools Reopened Non-essential Shops Open Bars and Restaurants Open International Travel Allowed Some exceptions for specific visas and work permits Arrival Free of Quarantine Sources: http://statbbi.nso.go.th/analytics/ https://travel.state.gov/content/travel/en/traveladvisories/COVID-19-Country-Specific- Information.html https://www.bangkokpost.com/thailand/general/1989935/b19-5bn-funding-agreed-for-low-earning- graduates https://www.businesstimes.com.sg/government-economy/thailand-announces-us22b-worth-of- additional-stimulus-in-handouts-job-measures https://www.bot.or.th/App/BTWS_STAT/statistics/ReportPage.aspx?reportID=638&language=eng https://datastudio.google.com/reporting/abd4128c-7d8d-4411-b49a-ac04ab074e69/page/qk3NB https://www.pwc.com/th/en/press-room/press-release/2020/press-release-26-08-20-en.html An employment subsidy scheme is being introduced with the Government paying up to 50% of 260,000 graduate salaries for a year. Conditions will be placed on private sector employers who wish to take part in the scheme. Total Workforce (Aug) 38,773K % Unemployed (Aug) 1.9% Unemployed Workers 724K Underemployed Workers* (with a job but not at work) 438K* 12.9% of 2016-18 GDP was from inbound tourism. Borders are not expected to open for tourists until at least 2021. It is thought that approximately 2 million jobs were lost due to the fall in tourism. Recent protests in Thailand are further expected to erode consumer confidence. For the 8 months to August, there were 16.5% fewer job vacancies when compared with last year. PwC Thailand estimated that during the pandemic, 20% of Thai corporations shifted to working at home. Labor Force (in thousands) and Unemployment Rate by Quarter Most Recent Workforce Statistics Employment Situation Youth Employment Situation Total Covid-19 Deaths (22 nd October 2020) https://www.worldometers.info/coronavirus Covid-19 Restrictions – October 2020

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