Thailand and Sri Lanka Agree to 10,000 Worker Pact - Briefs Finance

On Tuesday, Thailand's cabinet endorsed a bilateral labor deal with Sri Lanka that sets up a formal pathway for bringing in workers, Labor Minister Julapun Amornvivat said. Sri Lanka will act as a pilot partner as Thailand searches for fresh labor sources to plug vacancies, with a target of about 10,000 recruits to start.

How to use ChatGPT & Claude to research stocks like a pro

An aging economy has long leaned on migrants from Myanmar, Cambodia and Laos to keep factories, farms and construction sites running. According to the Thai Chamber of Commerce , migrants make up about one-tenth of Thailand's labor force. Before border tensions flared into deadly clashes last year, about 500,000 Cambodians worked in Thailand. Since then, more than 60% have departed, deepening shortages in construction, manufacturing and agriculture.

Sri Lankan recruits will receive initial two-year terms, with the option to extend for an additional two years, and they will be covered by Thailand's labor protections .

When economic relationships change, steady planning helps protect your financial future. Join Briefs Finance CEO Jaspreet Singh on September 29th for a FREE live investor workshop, How to Profit From A Dollar That's Losing its Value, where he shows how we're spotting investment opportunities as the dollar falls. Save your spot .

If you have exposure to Thai construction , manufacturing or agriculture, keep an eye on how quickly this hiring channel ramps up and whether it eases production bottlenecks. Thailand is testing a new labor source, and the speed and scale of this pilot could influence costs and output on the ground.

A thoughtful approach today can help preserve and grow your savings over time. Our CEO Jaspreet Singh is hosting a FREE live investor workshop, How to Profit From A Dollar That's Losing its Value, on September 29th. Sign up free to join him live.

Free investor livestream — Nov 17

Make sure to check your inbox for the first email.

We’re hosting our first ever livestream on how investors can use ChatGPT & Claude to invest like a pro. It’s on 11/17 and is hosted by our CEO Jaspreet Singh.