Thousands of Thais who have lost their jobs are flocking to Impact Arena, where the government is holding a career workshop to help retrain workers with vocational skills.  As many as one million people have lost their jobs so far, as the global economic recession forces businesses to close down. The career workshop provides free training for up to one month. Those who sign up will also receive a living and transport allowance for the duration of the course. Workers who choose to return to their hometowns after completing the course will also be entitled to receive up to 4,800 baht per month for three months to help them stand on their own two feet. The government’s multi-billion baht stimulus package includes cash handouts to low-income earners, those over 60 years of age, and investment in infrastructure projects to create more jobs. 
Bangkok Post

 Delegates attending the Association of Southeast Asian Nations summit this year in Thailand's seaside resort town of Hua Hin are expected to put the economic slump at the top of the meeting's agenda, while human rights issues will only be on the sidelines. Burma is likely to dodge criticism from its neighbors about its refusal to comply with the United Nations' demand to release political detainees , including its high-profile prisoner Aung San Suu Kyi. Host country Thailand might also be able to steer the spotlight away from the Thai army's alleged mistreatment of Rohingya refugees.  ASEAN is hopeful that it will be able to establish a single market within the region by 2015 and achieve what the European Union has. However, leaders of some member countries are doubtful much will be achieved wihtout help from China, Japan and Korea.  The summit was originally scheduled for December in Bangkok, but had to be postponed because of the political turmoil in Thailand and the closure of the country's largest  international airport.
AP
The Thai currency is likely to become weaker against the US dollar and could fall by as much as 5.6% by the end of 2009. A currency expert forecast the Thai Baht, which as of February 4 traded at 34.95 per dollar, will slide to 36 by the end of June, and 37 by the end of the year.  The year 2008 saw the Thai currency plummet 15%, securing a third-worst spot amongst Asia's 10 most active currencies against the US dollar. Despite the Thai government's plan to spend billions of baht to spur growth, the political instability, which culminated in the closure of Bangkok's two international airports late last year, sent business sentiment to a record low. Thailand's current account will likely be in a deficit this year as overseas investment slows down, exports dry up, and the government's spending climbs through the roof.
Bloomberg

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