Kudun & Partners

As Covid-19 continues to wreak havoc around the globe, its devastating impact on Thailand's economy is becoming increasingly apparent. With its borders closed to international travelers for the foreseeable future, Thailand's tourism industry, whose revenues account for more than 15% of the country's total GDP, has been largely decimated. Businesses heavily reliant on tourism have closed their doors in the thousands – and many companies who were already experiencing financial difficulties pre-Covid-19 have now been pushed over the edge into insolvency.

As Covid-19 continues to spread and cripple thousands of businesses in Thailand, both employers and employees alike are facing unprecedented challenges. To help them during this difficult time, the Thai Ministry of Labour has announced a number of compensation benefits schemes for employers and employees registered with the Social Security Fund (SSF) who are affected by the Covid-19 pandemic.

Due to the global crisis caused by the Covid-19 pandemic, the Thai government has implemented a number of important initiatives aimed at supporting the Thai economy and affected industries.