Search Results for: wage rates
- 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,…
- 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
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…
- Business News
Finance minister orchestrates with BoT for fiscal symphony
Finance Minister Pichai Chunhavajira is adopting a more cooperative stance towards the Bank of Thailand (BoT) compared to the Thai prime minister, aiming to align fiscal and monetary policies more effectively. Prime Minister Srettha Thavisin has been advocating for interest rate cuts to stimulate the economy. Pichai, however, has shifted the focus towards enhancing public access to finance, expressing his concerns…
- 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
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…
- 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…
- 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
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…
- 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…
- 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 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…
- 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
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,…
- 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…
- Business News
Thai interest rates raised to 2% by BoT amid core inflation worries
The Monetary Policy Committee of the Bank of Thailand (BoT) anticipates ongoing economic growth with some potential risks, as evidenced by their decision to increase the key Thai interest rates for the sixth consecutive meeting, according to the minutes released recently. On May 31, the committee unanimously agreed to increase the one-day repurchase rate by a quarter point to 2%,…
- 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
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
New wages for Thailand’s skilled workers
Thailand’s cabinet has approved new wages for construction workers, industrial arts workers and service workers. The new wages are expected to come into effect 90 days after the announcement was made on Tuesday. In the construction industry, tilers considered ‘level 1’ will earn 465 baht per day. Those considered level 2 will earn 550 baht a day. Level 3 tilers…
- Economy News
Employers in Thailand object to raising minimum wage
In the midst of Thailand’s worst worker’s debt in 14 years, Thai employers are opposing a new proposal to increase the country’s daily minimum wage. The currrent minimum daily wages range from 313 baht to 336 baht, depending on which part of the country you’re in. In Bangkok it’s 331 baht. Earlier this week, the Thai Labour Solidarity Committee and…
- Central Thailand News
Airline executive arrested for failure to pay wages of 150 workers
An airline executive has been arrested in the central province of Samut Songkhram, after complaints from150 employees that they had not been paid. Chawengsak Noiprasan, who had a court warrant issued against him in October, was taken to Don Muang police station from a property in the Bang Khan Take sub-district. He is a board member of Siam Air Transport.…
- Business News
Wage hikes postponed for Phuket and others
PHUKET: The Cabinet has approved the postponement until April 1 of the controversial 300 baht daily minimum wage hike in Phuket, Bangkok, and five other provinces. The decision to postpone from the initial target of January 1 was made in light of the recent flooding, which has dealt a body blow to the manufacturing sector in much of the country.…
- 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 panel pushes for minimum wage hike
PHUKET: The Phuket provincial subcommittee for minimum wage rate review has applied to the Central Wage Committee in Bangkok to increase the minimum daily wage in Phuket to 300 baht, effective from January 1. A 300-baht-per-day minimum wage for all government employees was passed by Cabinet on Tuesday and made retroactive to October 1 of this year. Sutthipong Saisakares, chief…
- Phuket News
Phuket minimum wage hike effective October 1
PHUKET: The minimum wage rise to 300 baht per day will be in effect for all government employees in Phuket from October 1, a panel of experts has revealed. Senator Anothai Rittiphanyawong broke the news at a seminar at the Royal Phuket City Hotel in Phuket Town. The new minimum wage will be passed by Cabinet on October 4, but…
- Phuket News
More sewage treatment for Phuket
PHUKET: Karon Municipality will levy charges on hotels, restaurants and other small businesses in the area for the wastewater they produce. The scheme, to start in October, will affect hotels and businesses in Karon, Kata and Kata Noi. Restaurants will be charged a flat rate of 5.25 baht per operating square meter, and hotels will be billed at 84 baht…
- 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…
