Wage increase
- Thailand News
Thailand to finalise 400 baht minimum wage proposal on December 12
The anticipation surrounding the upcoming tripartite wage committee meeting is palpable, as it seeks to finalise the government’s proposal for a nationwide minimum wage increase to 400 baht per day. Scheduled for Thursday, December 12, this meeting aims to implement the wage hike as a new year’s offering to workers, a key initiative the ruling Pheu Thai Party promised. The…
- Business News
Thai industry urges delay on 400 baht minimum wage increase
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is set to appeal to Prime Minister Paetongtarn Shinawatra tomorrow, urging a postponement of the upcoming increase in the daily minimum wage to 400 baht, scheduled for January 1 next year. This request arises from the current economic challenges businesses are facing. Sanan Angubolkul, chairman of the Thai Chamber of…
- Thailand News
Thailand to increase minimum wage to 400 baht by year-end
Thailand’s Labour Ministry has assured the public that a minimum wage increase to 400 baht will be implemented nationwide by the end of the year, as stated by Phiphat Ratchakitprakarn, the Labour Minister. The tripartite wage committee is currently awaiting the official appointment of two new members: the Permanent Secretary of the Ministry of Labour and the Director-General of the…
- Thailand News
400-baht minimum wage confirmed for October 1 despite delay
Labour Minister Phiphat Ratchakitprakarn confirmed that the 400-baht daily minimum wage will take effect on October 1 as planned, despite the national wage committee’s failure to endorse it yet. Opposition People’s Party MP Sia Champhathong questioned the minister in the House yesterday, asking if the adjournments of two recent committee meetings were a governmental tactic to avoid addressing the issue.…
- Thailand News
Minimum wage decision delayed after employer reps’ no-show
The Wage Committee’s scheduled meeting was abruptly cancelled due to the absence of employer representatives, postponing the decision to raise the minimum wage to 400 baht set to take effect on October 1. Government and employee committee members were left waiting at the Ministry of Labour yesterday. Pairote Chotikasathien, Permanent Secretary of the Ministry of Labour and Chairman of the…
- Thailand News
Thailand’s 400-baht wage hike alarms small hotel owners
Hoteliers in Thailand express concern that raising the daily minimum wage to 400 baht exclusively for large employers could disrupt the job market in the hotel sector. This pay disparity may attract workers to larger hotels, leaving smaller establishments struggling to retain staff. With Thailand’s tourism industry yet to fully rebound, industry leaders urge the government to focus on reducing…
- 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
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 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…
- 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…
- 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 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
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 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…
- 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…
- 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 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…
- 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…
- 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…
- 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
Thailand’s civil servants to receive 20% salary increase over two years
Newly recruited civil servants in Thailand are set to receive a salary increase of 20% over the next two years. The decision, approved by the Cabinet, was announced by Danucha Pichayanan, the secretary-general of the National Economic and Social Development Council. The proposed plan by the Office of the Civil Service Commission (OCSC) is to increase salaries by 10% annually…
- 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
Fitch ratings reveal Thailand’s economic recovery to boost corporate earnings in 2023
Recovery of the domestic economy and alleviation of inflationary pressures are set to bolster the performance of corporations in Thailand this year, suggest analysts from Fitch Ratings during the 2023 Thailand Corporate Credit Outlook & Asean ESG conference, held recently in Bangkok. Corporates at Fitch Ratings (Thailand)’s Lertchai Kochareonrattanakul, a senior director, indicated in his talk that a boost in…
- World News
Japan sees fastest wage growth in 30 years but weak household spending persists
In April, Japan experienced a rise in wages as major companies increased pay at the fastest rate in 30 years, responding to workers’ demands for higher salaries to cope with inflation. However, household spending remained weak, highlighting an uneven economic recovery. The wage data offers an early insight into the effects of the spring labour negotiations, known as “shunto,” and…
