Search Results for: wage increase
- Thailand News
Thai govt boosts support for park rangers with wage increase
The Thai government has taken a significant step to strengthen the crucial efforts of national park rangers by introducing a series of measures to improve their welfare and support. Among these measures is a wage increase, serving as a clear acknowledgement of the invaluable contributions made by park rangers across the country. The Director-General of the Department of National Parks,…
- Thailand News
Thai noodle giant unfazed by minimum wage increase to 400 baht
The imminent nationwide increase in the minimum wage to 400 baht holds little concern for major noodle producer Thai President Foods PCL, the maker of the popular instant noodle brand Mama, which believes the company’s ability to adapt will mitigate any significant impact, highlighting instead the potential challenges this wage hike could pose to smaller enterprises and small and medium-sized…
- 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…
- 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
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
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…
- 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
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 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…
- Thailand News
Thai PM evaluates potential wage increase for civil servants without price hike
Prime Minister Srettha Thavisin yesterday declared that an evaluation was underway to determine the feasibility of increasing wages for civil servants and government employees. However, he dismissed the notion that such a hike would lead to a rise in consumer goods prices. The prime minister’s comments came in response to inquiries concerning the potential inflationary effects of the proposed wage…
- Business News
Wage increase: Thai businesses wary of proposed 400 baht hike
The business sector expressed concerns over the possible negative effects of the proposed daily minimum wage increase to 400 baht. The announcement, made by Prime Minister Srettha Thavisin, could lead to higher costs for consumers. Industries that rely heavily on labour, such as agriculture, food export, retail trade, and construction, would be most affected by the wage increase, according 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…
- Politics News
MFP leader promises reasonable minimum wage increase without economic damage
Move Forward Party (MFP) leader Pita Limjaroenrat recently assured that a coalition government under his leadership would not immediately raise the minimum daily wage to 450 baht but would ensure a reasonable increase without causing damage to industry or the economy. Limjaroenrat, the party’s prime ministerial candidate, made this promise during a meeting with representatives of the Federation of Thai…
- 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…
- Thailand News
Thai minister insists minimum wage increase is not electioneering
The Labour Minister, Suchart Chomklin, insists the government’s promise to increase the minimum wage in Thailand by 5-8% this year is not electioneering. With an election due in March next year cynics could be forgiven in thinking it is a government ploy to buy or win votes. Suchart denies this is the case. The Labour Minister said the government is…
- Phuket News
Phuket seafood prices to fluctuate regardless of wage increase
PHUKET: Minimum wage rises may not have a major impact on the wholesale price of seafood, which will continue to fluctuate due to a number of economic and seasonal factors, Phuket fishery industry representatives have said. Wiroj Wasinwasukul, the manager of the Por Pichai Fishing Port in Rassada, was insistent that wholesale seafood prices will not rise specifically because of…
- Phuket News
Phuket minimum wage increased 7 baht
PHUKET CITY: Minimum wage workers will get a very modest wage rise on New Year’s Day, when an increase in the minimum pay rate in Phuket increases from 197 baht to 204 baht. Phuket Provincial Labor Office chief Suttipong Saisakares confirmed the pay hike, saying it was just two baht lower than the requested rise of nine baht. Phuket was…
- Phuket News
National minimum wage increase
BANGKOK: The Ministry of Labor and Social Welfare (MLSW) has announced a nationwide increase in the minimum wage of three baht per day. The increase, announced by Pol Gen Pracha Promnork of the MLSW, is effective retroactively to January 1, 2001. The increase raises Phuket’s minimum wage, which is among the highest in the country, from 162 baht to 165…
- 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…
- Business News
Thai businesses may face wage pressure after state officials’ salary increase
The Thai Chamber of Commerce predicts a potential ripple effect on businesses, following the Cabinet’s decision to approve a 10% salary increase for state officials. The chairman of the chamber, Sanan Angubolkul, anticipates that this move may compel businesses to raise their wages to attract skilled employees. The salary increase for new state employees will result in a monthly income…
- Thailand News
Thai govt increase minimum wage by 5% starting on October 1
The Thai Cabinet today agreed to increase the minimum wage throughout the country by 5%. The highest rate is 354 baht per day in Chon Buri, Rayong, and Phuket. The new rate will come into effect on October 1. Labour Minister Suchart Chomklin discussed the topic at today’s Cabinet meeting and it was approved. It is the first time in…
- 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…
- 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.…
- Economy News
Increase agreed for Thailand’s minimum wage
PHOTO: Chiang Mai Citylife Thailand’s minimum daily wage is going up. But not by much. The National Wage Committee has singled out nine provinces for a 6 baht increase in the minimum daily wage, while the rest of the country gets an increase of 5 baht. The Permanent Secretary of Labour, Suthi Sukosol, confirms the nine provinces are Chonburi in eastern…
- 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…
- Business News
Thailand’s business confidence drops amid wage hike concerns
Business confidence in Thailand took a hit as the Thai Industries Sentiment Index (TISI) dropped in April, reflecting entrepreneurs’ concerns over a slew of economic pressures, including a proposed daily minimum wage increase. The TISI, a measure of the mood in the industrial sector, registered at 90.3 points, a decrease from the 92.4 points recorded in March, as reported by…
- 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…
- 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…
