Company Directory - Federation of Thai Industries
Company Details - Federation of Thai Industries
Federation of Thai Industries
A non-profit organization representing the business community in Thailand, focusing on industrial development and economic growth.
CCI Score
CCI Score: Federation of Thai Industries
-10.78
0.01%
Latest Event
FTI Chairman Reassures Thailand Tourism Safety Post-Earthquake
Federation of Thai Industries Chairman Kriengkrai Thiennukul stated that Thailand remains a safe tourism destination following a building collapse near Bangkok linked to an earthquake in Myanmar, highlighting government vigilance and comprehensive safety inspections.
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ENABLER
Federation of Thai Industries is currently rated as an Enabler.
Latest Events
- APR062025
Federation of Thai Industries Chairman Kriengkrai Thiennukul stated that Thailand remains a safe tourism destination following a building collapse near Bangkok linked to an earthquake in Myanmar, highlighting government vigilance and comprehensive safety inspections.
- JUN072024
The Federation of Thai Industries warned that implementing a uniform Bt400 minimum wage in Thailand could force around 700 additional factories to shut down by year’s end, potentially leading to over 10,000 job losses. FTI attributes these potential closures to an economic slowdown and insufficient government support, and the warning appears aimed at influencing policy discussions around wage reforms.
-40
Public and Political Behavior
April 6
FTI’s public warning is an attempt to shape the political debate by suggesting that a minimum wage increase, a policy meant to improve worker livelihoods, would instead lead to widespread factory closures and job losses. This stance aligns with protecting corporate interests over advancing progressive labor policies, reflecting an anti-worker, pro-corporate narrative.
FTI Alerts of more Business Closures if Bt400 Minimum Wage is Implemented
-30
Business Practices and Ethical Responsibility
April 6
By cautioning against a minimum wage increase, FTI is effectively advocating for business practices that may prioritize corporate profitability over worker welfare. Their emphasis on potential business shutdowns and job losses may serve to undermine policies aimed at establishing fair labor practices and protecting marginalized workers.
FTI Alerts of more Business Closures if Bt400 Minimum Wage is Implemented
- FEB222024
The Federation of Thai Industries (FTI) has warned that a government-mandated minimum wage increase could spike operating costs and force SMEs to shutter, urging the government to keep the daily wage unchanged. The vice-chairman emphasized that rapid wage hikes amid economic pressures could further stress small businesses.
-40
Executive Political Engagement
April 6
The vice-chairman of FTI publicly advocated for maintaining the current minimum wage, an action that aligns with business interests over promoting improved labor standards. This public political engagement is seen as undermining progressive worker rights.
Federation of Thai Industries warns of business woes ahead of minimum wage hike
-60
Labor Relations and Human Rights Practices
April 6
By pushing for the status quo on minimum wage levels, FTI's stance prioritizes business cost concerns over fair labor practices, potentially undermining the broader push for improved wages and worker rights, which can disproportionately affect marginalized communities.
Federation of Thai Industries warns of business woes ahead of minimum wage hike
- MAR292023
At an annual conference attended by over 500 members, Federation of Thai Industries (FTI) chairman Kriengkrai Thiennukul praised economic representatives from nine major political parties and challenged them to advance industrial policies aimed at bolstering Thailand's global competitiveness. The move highlights FTI’s active engagement in political discourse, urging diverse political groups to articulate strategies that can secure a robust industrial future, while simultaneously opening the debate to multiple perspectives.
+10
Executive Political Engagement
April 6
The event reflects an active instance of executive political engagement by FTI, as its chairman publicly commended political figures from a broad spectrum of parties and challenged them to better support industrial policy. While the involvement of multiple parties promotes pluralism and can counterbalance authoritarian tendencies by avoiding monopolistic influence, the fact that the initiative is led by a business organization focused on industrial competitiveness introduces concerns about the prioritization of corporate interests over grassroots or worker-centric policies. Viewed from a left-leaning anti-fascist perspective, the event is scored modestly positive due to its encouragement of political pluralism, though caution remains regarding the underlying corporate motivations.
How nine major political parties intend to empower Thai industries
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