Search Results for: daily minimum wage

  • Thailand News

    Thai labour unions criticise new daily minimum wage

    The Thai Labour Solidarity Confederation (TLSC) and State Enterprises Workers’ Relations Confederation (SEWRC) expressed disapproval of the new daily minimum wage of 400 baht approved by the tripartite wage committee. The wage increase is only applicable to some areas in 10 provinces, initiating a wave of criticism from the labour unions, who argue that this decision is unjust. According to…

  • Business News

    Government confirms plans to increase daily minimum wage in January

    The government has confirmed plans to raise the daily minimum wage in January, according to Prime Minister Srettha Thavisin. This is in line with an earlier agreement made by the tripartite wage committee, composed of government, employer and employee representatives. However, the Prime Minister, who also serves as the finance minister, has considered the agreed 2.37% increase insufficient. Prime Minister…

  • Thailand News

    Tripartite committee set to discuss new daily minimum wage rates

    The tripartite committee, which consists of representatives from the ministry, employers, and employees, is set to deliberate on the new daily minimum wage rates across various provinces. The meeting, confirmed by Pairoj Chotikasathien, the permanent secretary for labour, is scheduled for today, December 8. According to the data finalized by a sub-committee under the main wage committee on November 27,…

  • Thailand News

    Protesters demand daily minimum wage increase, support for laid-off workers in Thailand

    Labour advocates and human rights activists gathered at Government House yesterday, demanding that the government increase the daily minimum wage to 700 baht and establish a fund to support workers who have been laid off. The protesters, led by political activists Somyot Prueksakasemsuk and Thanaporn Wichian, 28 years old, marched to Phitsanulok Mansion and Government House to present their proposals…

  • Bangkok News

    Thailand to study whether to increase the daily minimum wage

    Thai authorities are studying whether to increase the daily minimum wage. The Labour Ministry will start a feasibility study. The State Enterprises Workers Relations Confederation has recommended 492 baht as the starting pay. Labour Minister Suchart Chomklin told reporters that the Office of the Permanent Secretary for the Labour Ministry would conduct a study to examine the minimum wage’s suitability.…

  • Thailand News

    Wage increase: EconThai’s projections for minimum daily wage

    An anticipated meeting of the tripartite wage committee later this month is expected to sanction a second increase in the minimum daily wage for this year. However, the Employers’ Confederation of Thai Trade and Industry (EconThai) suggests the approved hike is unlikely to take the wage to the 400 baht mark. According to Thanit Sorat, the vice-chair of EconThai, the…

  • Thailand News

    Thailand’s tripartite committee to reconsider new minimum daily wage

    A pivotal meeting is set to take place on Tuesday, led by the tripartite committee on minimum daily wages in Thailand. The discussion is centred around the possibility of revising the new daily wage rate that was established on December 8. This comes in the wake of comments made by Prime Minister Srettha Thavisin criticising the newly determined rate as…

  • Economy News

    Minimum daily wage in Thailand looks set to increase to 492 baht

    The Labour Ministry is expected to approve a rise in Thailand’s daily minimum wage from 336 baht to a flat rate of 492, according to a Nation Thailand report. The sharp increase comes just 2 years after a previous hike and is expected to mainly favour labourers. It’s understood that 2 agencies representing workers in the Tripartite Wage Committee have…

  • Phuket NewsMinimum daily wage may rise by B3 | Thaiger

    Minimum daily wage may rise by B3

    PHUKET: Phuket’s minimum daily wage, currently 178 baht, could rise to 181 baht, matching Bangkok, if the Phuket Provincial Labor Committee gets its way.At a meeting yesterday, the committee – which comprises five provincial officials, five employers and five employees – approved the three-baht increase in principle.Suthep Therdkiatkajorn, an official with the Phuket Provincial Labor Office, said that the proposal…

  • Business News

    Tax relief planned for businesses after minimum wage hike

    The Finance Ministry is poised to introduce measures to support businesses impacted by the recent increase in the minimum wage. The ministry confirmed that the wage hike must be paired with tax measures to lessen the burden on businesses, following precedents set by past wage increases. Deputy Finance Minister Julapun Amornvivat stated that the goal of the minimum wage increase…

  • Thailand News

    FTI argues minimum wage hike would primarily benefit migrants

    The Federation of Thai Industries (FTI) is urging the government to reconsider its plan to raise the daily minimum wage to 400 baht nationwide, arguing that the policy would primarily benefit migrant workers rather than stimulate the local economy. Every year, migrant workers from neighbouring countries remit approximately 100 billion baht to their families back home. The FTI contends that…

  • Thailand News

    Commerce ministry acts to control prices amid minimum wage hike

    The Ministry of Commerce implemented two measures to tackle rising product prices following the minimum wage increase to 400 baht. Officials are closely monitoring clothing prices and urging businesses to maintain prices for essential goods in eight categories. Director-General of the Department of Internal Trade Wattanasak Sueaiam stated yesterday May 16 that the private sector is preparing to raise product…

  • Thailand News

    Tripartite committee rejects uniform 400-baht minimum wage hike

    The tripartite wage committee has chosen to uphold the autonomy of provincial wage panels in setting minimum wages, rejecting the Thai government’s uniform 400-baht minimum wage hike. During a tense session on May 14, the 15-member committee, representing the Ministry of Labour, employers, and employees, did not endorse the proposed nationwide increase. This decision followed closely on the heels of…

  • Thailand News

    Thai labour minister embroiled in minimum wage dispute

    The labour minister found himself in the midst of a heated debate today as employee and employer representatives presented their contrasting views on a proposed minimum wage increase. The conflicting opinions were expressed ahead of a crucial tripartite committee meeting scheduled for tomorrow, May 14. The Thai Labour Solidarity Confederation and the State Enterprises Workers’ Relations Confederation were the first…

  • Thailand News

    Thai govt’s plan for minimum wage increase gains public support

    The Thai government’s initiative to increase the daily minimum wage has received widespread approval, with a large section of the populace expressing their support for the plan, a recent poll revealed. The National Institute of Development Administration (NIDA) conducted the survey, which witnessed the participation of 1,310 individuals, all aged 18 or above, between May 3 and May 7. An…

  • Thailand News

    Minimum wage increase pledge sparks hotel industry crisis

    Prime Minister Srettha Thavisin’s promise to boost the minimum wage to 400 baht by October 1 has set off alarms in the private sector, particularly among hoteliers. Concerns abound as businesses foresee a hefty 15 to 20% surge in costs across goods and services, presenting a formidable hurdle for the hospitality sector. The impending wage revision marks the third adjustment…

  • Business News

    Thai shippers forecast modest growth amid wage increase concern

    The Thai National Shippers’ Council (TNSC) projects a 1% to 2% growth in exports for the current year and urges a thoughtful approach to the proposed increase in the daily minimum wage, supplemented by government support via the wage committee mechanism. TNSC chairman Chaichan Chareonsuk anticipates a 1 to 2% increase in the nation’s exports by March this year. Chaichan…

  • Thailand News

    Thai chamber opposes proposed minimum wage increase

    The Thai Chamber of Commerce (TCC) is in dispute with the government over its proposal to increase the minimum daily wage to 400 baht for workers all over the country. The proposed wage increment is expected to take effect in October. Speaking on the issue, Poj Aramwattananont, Vice-President of the TCC and the Board of Trade of Thailand, painted the…

  • Thailand News

    Thai government delays wage hike: Minimum muddle continues

    The Thai government has postponed the anticipated increase in minimum daily wage to 400 baht. The rise was initially set to take effect on Labour Day but the government will now await the outcome of a tripartite committee meeting on May 14. Karom Polpornklang, the deputy government spokesperson, confirmed yesterday that the wage increase would not start on May 1.…

  • Thailand News

    Thailand plans to extend minimum wage increases to more regions

    Prime Minister Srettha Thavisin announced yesterday that the government intends to extend minimum wage increases to additional regions and business sectors. This follows the wage increase approved for specific parts of 10 provinces set to take effect from April 13. The 62 year old Thai prime minister further commented that regular Cabinet meetings will be conducted to ascertain which regions…

  • Thailand News

    Minimum wage rises to 400 baht in 10 Thai provinces

    The minimum wage in selected areas of 10 Thai provinces is set to rise to 400 baht per day, as decreed by the tripartite wage committee yesterday. This new wage increase, which comes into effect on April 13, will apply to tourism-related businesses and four-star hotels with a staff of 50 or more. Pairoj Chotikasathien, the committee’s chairman and permanent…

  • Business News

    MR. D.I.Y. undeterred by Thai wage hike, continues expansion

    MR. D.I.Y., a leading home improvement retailer, persists in its expansion plans in Thailand, unperturbed by the recent escalation in the daily minimum wage. The CEO of MR. D.I.Y. Thailand, Andy Chin, acknowledges that while this wage increase may raise the company’s costs slightly, it will be advantageous for the economy. Chin predicts a positive surge in the retail sector…

  • Thailand video news

    Thailand Video News | Man confesses to murdering wife after reporting her missing, Businesses brace for minimum wage hike

    In today’s Thailand video news, Alex delves into a myriad of pressing issues capturing the nation’s attention. From the concerning proposal to raise the minimum wage, sparking worries among Thai businesses, to the shocking confession of a wife’s murder in Chachoengsao, each headline highlights significant developments. Additionally, a high-ranking police official facing charges linked to online gambling, a new policy…

  • Business News

    Thai businesses fear cost surge due to minimum wage hike

    Businesses in Thailand are bracing for a potential increase in operating costs, following the government’s proposition to raise the daily minimum wage to 400 baht (US$11) within the year. The Federation of Thai Industries (FTI) has expressed its concern over the implications of this wage hike, particularly on small and medium-sized enterprises (SMEs), which are currently grappling with elevated interest…

  • Business News

    Thai SMEs threatened by proposed minimum wage hike and high loan rates

    The Federation of Thai Industries (FTI) warned that small and medium-sized enterprises (SMEs) could be significantly affected by the proposed daily minimum wage hike and high loan interest rates. This comes as the government persists in its efforts to increase wages. Towards the end of 2023, a resolution was reached by the tripartite wage committee, composed of representatives from the…

  • Thailand News

    Thai government unveils minimum wage hike for 2024

    The Thai Prime Minister, Srettha Thavisin, unveiled a hike in the nation’s minimum wage after a cabinet meeting on December 26. The daily wage is set to rise between 2 and 16 baht (US$0.058-0.47), an increase that could impact many of Thailand’s workers. The adjustment, which signifies a 2.37% rise in wages within 2024, is part of a broader effort…

  • Economy News

    Thai wage committee upholds 2.37% minimum wage increase

    Yesterday, a senior government official announced that the tripartite wage committee has decided to uphold their previously agreed-upon plan to increase the average daily minimum wage by 2.37%. The committee, consisting of representatives from the government, employers, and employees, has agreed to uplift the pay threshold range to 330 to 370 baht, starting in January. This was confirmed by Pairoj…

  • Business News

    Minimum wage hikes unlikely to impact Thai goods pricing significantly

    The Commerce Ministry’s planning unit has weighed in on the ongoing debate regarding the impact of minimum wage increases on domestic goods and services, suggesting that such hikes are unlikely to significantly influence the pricing landscape. Poonpong Naiyanapakorn, the director-general of the Trade Policy and Strategy Office (TPSO), has argued that a rise in the daily minimum wage by an…

  • Thailand News

    Thailand’s minimum wage increase sparks controversy and calls for revision

    The contentious decision to marginally increase the daily minimum wage in Thailand spurred the Ministry of Labour into seeking discussions with the tripartite committee, which approved the hike. Prime Minister Srettha Thavisin critiqued the decision as insignificant, stating that the 2 to 16 baht rise approved last Friday was insufficient. The tripartite committee, also referred to as the wage board,…

  • Thailand News

    Thai prime minister criticises marginal increase in minimum wage

    Prime Minister Srettha Thavisin of Thailand has voiced his disagreement with the decision of the tripartite wage committee to marginally increase the daily minimum wage rate by 2 to 16 baht across the country. Expressing this during a government project inspection in Kanchanaburi, he criticised the low raise and promised to seek a revision. Srettha pointed out that the government…