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Business trends

Fintech boom leads to talent war in Southeast Asia

Labor shortage exposes need for skill improvements in key markets

Commuters make their way to work in Bangkok: Southeast Asia's burgeoning fintech industry means Thais with the right skills can make twice the average wage or more. (Source photo by EPA/Jiji) 

TOKYO -- Chonladet Khemarattana's business is growing, but his head count is struggling to keep pace. Like many fintech startups in Thailand, the digital securities brokerage he co-founded in 2017 has more than 20 open positions, ranging from software engineers to business and investment analysts.

"There's a shortage of developers, especially if you want to recruit English speakers," said Chonladet, who also leads the Thai Fintech Association. He estimated a computer science graduate from the country's top university could receive a starting salary of 50,000 to 60,000 baht ($1,480 to $1,780) per month.

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