Thailand to postpone Oct 1 minimum wage hike, official says

A senior labor official announced on Monday ( Sep 23 ) that Thailand will delay a proposed increase in the minimum wage to 400 baht ( US$ 12.15 ) per day for about two weeks due to a lack of a quorum at committee meetings working on the increase. &nbsp,

According to Labour Ministry permanent secretary Pairoj Chotikasathien, the commission, which includes associates from employers, labor, and the state, had previously failed to reach a consensus to explain the anticipated hike.

The new minimum wage may only apply to firms that have more than 200 employees, he said, adding that” we will advance as quickly as possible.”

The ruling Pheu Thai party’s strategy campaign pledged to raise the minimum wage from the latest range of 330 ringgit to 370 ringgit per day, and it has already made that pledge.

The anticipated hike is part of the president’s push to spark growth in Southeast Asia’s second-largest sector, which has been held up by soaring home loan and a slowing production sector. &nbsp,

The government’s premier plan is a 450 billion bass signal system, where people may be given 10, 000 baht each to invest in local communities. Before the end of the month, the second step is scheduled to begin. &nbsp, &nbsp, The central bank expects the economy to grow 2.6 per cent this season, up from 1.9 per share in 2023.