1st Quarter Newsletter 2018
Thailand
Hong Kong
Hong Kong recruitment outlook 2018
With Hong Kong’s GDP predicted to expand conservatively in 2018 by 2.8%, we expect that the strong hiring...
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Hong Kong Salary Overview
China
China’s workplace outlook
Shanghai has held the top position in the 2017 comprehensive competitiveness rankings of Chinese cities...
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China Salary Overview
Singapore
Highlights in Singapore 2018
Technology skills in high demand across key sectors.
Government’s policies and heavy campaign to develop and...
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Singapore Salary Overview
Thailand
The Kingdom's economic growth gaining momentum
Thailand has seen a significant jump in growth smashing expectations forecasted in the first quarter...
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Thailand Salary Overview
The Kingdom's economic growth gaining momentum

Thailand has seen a significant jump in growth, smashing expectations forecasted in the first quarter. Thailand’s economic growth is likely to come close to 4% this year after robust momentum continued in October, despite low activity in the month as the country mourned the late King Bhumibol Adulyadej, says a key finance official.

The National Economics and Social Development Board (NESDB) says Gross Domestic Product growth (GDP) for the third quarter of this year rose to 4.3%, prompting it to adjust growth forecast for the whole year.

It says the 4.3% GDP growth is the highest growth in the past 18 months - after expanding by 3.8% in the second quarter and 3.3% in the first quarter. In the first nine months of 2017, the economy grew by 3.8% year-on-year.

The economy in October avoided a slowdown, and whether GDP growth can reach 4% for all of 2017 will depend on exports in the final two months, said Soraphol Tulayasathien, director of the Macroeconomic Policy Bureau at the Fiscal Policy Office (FPO).

Contributing factors were higher exports and consumer consumption in the private sector, and state spending and investments. Meanwhile, the economy was also buoyed by industrial production, retail and wholesale business, electrical and gas, hospitality, transport and communications. Tourism has been hit due to the funeral and mourning period of the late king, but has jumped back to its normal levels quickly. Exports rose for an eighth straight month in October, up 13.1% year-on-year, while the 10-month figure jumped 9.7% year-on-year.

With the higher growth forecast, the NESDB says it will raise its forecast for this year to 3.9% from its projection of 3.5-4.0%. To hit 4% growth, the economy must expand by at least 4.7% in the fourth quarter, Mr. Soraphol said. For next year, the NESDB says the growth forecast is expected to be in the range of 3.6-4.6%.

 

Sources:   
https://www.thailand-business-news.com
National Economic Development Board

 
New rail link jump starts
The cabinet recently gave the go-ahead for the Highways Department to begin building the first 3.5 kilometres section of the Thai-Sino high-speed train project, stretching from Bangkok to Nakhon Ratchasima. The transport minister said that the first section from Klang Dong to Pang Asok is mainly simple civil construction due to the flat level terrain involved.

Construction kicked off recently with Prime Minister Prayut Chan-o-cha presiding over the ceremony to initiate the piling work for the 179-billion-baht Sino-Thai high-speed network at tambon Klang Dong, Pak Chong.

The construction of the first section will take six months to complete. For the remaining three sections, auctions will be opened to seek contractors. 

The second section is an 11 kilometre stretch from Sikhiu district to Kud Jik in Sung Noen district. Its construction will begin in August 2018 and will take 12 months to complete. The third section will be 120 kilometres long and will take an estimated 30 months to complete.
 

Source: https://www.bangkokpost.com
 
Regional management meeting 2017
Last December Gemini held its annual regional management meeting in Thailand. Directors and Managers from our Hong Kong, Shanghai, Beijing, Guangzhou, Singapore and Thailand offices were present.
The agenda of the meeting included a reflection on the year 2017 and strategy and opportunities for the Gemini group for 2018. The whole team at Gemini is looking forward to continue contributing to the success of clients’ organisations by providing high quality services, including Recruitment, Executive Search and HR Consulting.

 
Top 5 Candidates in Thailand
Assistant Finance Manager      
Nationality: Thai Languages: Native Thai, Good English (TOEIC: 835)   
Based: Eastern area, Thailand Availability: 30 days' notice
Total Experience: Fifteen years in accounting and finance
Education: Master 
Degree in Economics, Chiang Mai University, Bachelor Degree in Accounting (Hons.), Chiang Mai University
 
Plant Controller
Nationality: Thai Languages: Native Thai, Good English  
Based:  Eastern area, Bangkok, Thailand Availability: 30 days' notice
Total Experience: Twenty-five years in Finance analysis and supply chain
Education: Bachelor Degree of Science in Accounting, Master Degree in Business Economics, Bachelor Degree in Business Administration, Major Finance
 
Engineering Manager
Nationality: Thai Languages: Native Thai, Good English (TOEIC: 650)
Based: Eastern area, Bangkok, Thailand Availability: 30 days' notice
Total Experience: Twenty years in reliability and project management
Education: Bachelor Degree in Electrical Engineering, Master Degree in Business Administration
 
Project Manager
Nationality: Thai Languages: Native Thai, Good English
Based: Eastern area, Bangkok, Thailand Availability: 30 days' notice
Total Experience: Fifteen years in project management and fire protection
Education: Master of Science in International Marketing Management, Bachelor of Engineering in Mechanical Engineering
 
Product Manager
Nationality: Thai Languages: Native Thai, Good English
Based: Eastern area, Bangkok, Thailand Availability: 30 days' notice
Total Experience: Seven years in chemical and technical sales service
Education: Master Degree of Business Economics, Bachelor of Science in Chemistry

For more information about these candidates, please contact robertk@geminis.co.th.
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