Search Results for: minimum wage
- 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…
- Economy News
Thai govt’s minimum wage hike to 400 baht faces opposition
The government’s recent announcement of an impending nationwide minimum wage hike to 400 baht per day in October has provoked strong opposition from a member of the tripartite wage committee. The committee member in question, Atthayuth Leeyavanich, who represents employers, criticised the premature disclosure of the wage increase, asserting that it had not yet been discussed or approved by the…
- Thailand News
Thailand government plans to raise minimum wage to 400 baht
Labour Minister Phiphat Ratchakitprakarn unveiled yesterday that the Government of Thailand has assembled a series of fresh employment benefits set to be introduced on May 1, International Workers’ Day. The most notable of these is a proposal to elevate the minimum wage to 400 baht across the nation. The new minimum wage rate of 400 baht has already received the…
- 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…
- Business News
Thai hotel industry resists proposed minimum wage hike
The tourism industry has voiced its concerns over the recent approval by the tripartite wage committee to increase the minimum wage to 400 baht for four-star hotels in 10 key tourism cities, beginning with the Songkran holiday. Hoteliers argue that the implementation of the wage hike is unjust as the recovery from the pandemic has been uneven across the targeted…
- 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…
- Thailand News
10 regions of Thailand to use new minimum wage calculation
The tripartite Wage Committee has given the green light, by a close vote of 7 to 5, to a new method for setting minimum wages. Ten key regions, including the bustling metropolis of Bangkok, are set to pioneer this transformative change from April onwards. The freshly endorsed formula marks a paradigm shift, incorporating elements such as labour productivity, contribution to…
- 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…
- Thailand News
Potential rise in minimum wage to 400 baht in select provinces
The anticipated increase in the daily minimum wage to 400 baht in select provinces is set for review by the tripartite wage committee in April, according to Labour Minister Phiphat Ratchakitprakarn. The committee’s chairman, Pairoj Chotikasathien, assigned a subcommittee to reassess the wage calculation formula and explore the potential for wage hikes in certain provinces and professions. The findings from…
- Thailand News
Thai PM pushes for minimum wage raise
Prime Minister Srettha Thavisin declared yesterday that Thailand must abandon its reliance on low labour costs to entice foreign investments, pushing for a raise in the country’s minimum wage. Addressing a panel discussion titled Learning from ASEAN at the World Economic Forum in Davos, PM Srettha emphasised a paradigm shift in priorities. “Low labour cost should not be the attracting…
- Thailand News
Thai Labour Ministry considers raising minimum wage as Songkran gift
The Labour Ministry, headed by Pipat Ratchakitprakarn, is considering raising the minimum wage for certain professions as a Songkran festival gift. The announcement is expected to take place within a year, covering the entire country. Additionally, the Cabinet is looking into providing a full monthly salary for maternity leave of 98 days. This was discussed at a meeting of the…
- Thailand News
Starbucks steams up with price hike, now costlier than Thailand’s minimum wage
Starbucks, one of Thailand’s most popular coffee chains, announced that the prices of its beverages will be increased by 5 baht at all of its stores across the country from today. One cup of coffee from Starbucks is now more expensive than Thailand’s national minimum wage. The corporation says the reason for the price hike is due to the current…
- 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…
- Thailand News
Nida Poll reveals Thai public opinion on civil servant salary and minimum wage increase
The public opinion poll centre, Nida Poll, from the National Institute of Development Administration (NIDA), unveiled the results of a survey conducted between December 13 and December 15 among Thai citizens aged 18 and above. The study, spanning all regions, educational backgrounds, occupations, and incomes, involved a total of 1,310 samples and focused on the topic of civil servant salary…
- 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
Thai labour minister takes wages for a spin: Cabinet gears up for minimum wage review
Thai Labour Minister Phiphat Ratchakitprakarn announced that the Cabinet will be looking into a review of the new daily minimum wage rates. This comes after several business organisations urged the government to uphold the decision made by a tripartite wage committee regarding the increase in wages. Phiphat disclosed that he has no authority to review the rates approved by the…
- 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…
- 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
Thai labour committee proposes flat rate minimum wage increase to 492 baht
Workers’ representative and adviser to the Thai Labour Solidarity Committee (TLSC), Chalee Loysoong, has called for a nationwide flat rate minimum wage increase to 492 baht. Arguing that this will bolster purchasing power, he suggests it as a more sustainable strategy than the government’s proposed one-time 10,000 baht cash handout scheme, particularly when factoring in the multiplier effect. Chalee reassured…
- Business News
Thai government’s policy paradox: Digital wallet scheme and minimum wage hike under fire
The Thai government of Prime Minister Srettha Thavisin has faced significant challenges since coming to power seven weeks ago, with various commitments made during their campaign now under scrutiny. A crucial task includes the repatriation of Thai citizens affected by the Middle East conflict and the ongoing Israel-Hamas unrest. The Thai government’s promise to hike the daily minimum wage to…
- Economy News
Thailand’s government proposes swift minimum wage increase to 400 baht
Prime Minister Srettha Thavisin announced that the government will be pushing for a swift increase in the minimum daily wage to 400 baht, in a bid to assist workers grappling with rising living costs. The decision will be reached through negotiations between the government, employers, and workers to agree upon a reasonable amount. The prime minister shared the plans during…
- Thailand News
Thai MFP pledges higher welfare, minimum wage, and economic growth
The Move Forward Party (MFP) in Thailand announced its commitment to increasing welfare spending and raising the minimum wage, while simultaneously promoting economic growth through opening up the market to competition and reducing corruption. The Thai economy experienced a 2.6% growth last year as it gradually recovered from the global pandemic. The MFP, which is striving to lead a coalition after…
