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Article: Overall Thai corporate performance improves this year
- Article from:
- Xinhua News Agency
- Article date:
- December 23, 2002
CopyrightCopyright 2002 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Overall Thai corporate performance improves this year
BANGKOK, Dec. 23 (Xinhua) -- Overall corporate performance has
improved this year as could be witnessed by many companies' ability
to resume paying annual bonuses to staff, according to a report of
the Federation of Thai Industries (FTI) available Monday.
FTI chairman Prapat Photivorakul said it was likely most
companies would be able to pay an equivalent of at least one-month
salary in annual bonuses to their staff.
Many companies, particularly automakers, have enjoyed an increase
in sale turnover this year. Some firms have increased a monthly
salary by 5-6 percent, which is considered high when compared with
low inflation ...