BANGKOK (Reuters) – Thailand will postpone a hike within the minimal wage to 400 baht ($12.15) per day scheduled for October 1 by about two weeks as a result of a scarcity of a quorum at conferences of the committee engaged on the rise, a senior labour official mentioned on Monday.
The committee, which incorporates representatives from employers, labour and the federal government, had failed to succeed in a quorum at two earlier conferences to debate the deliberate hike, Labour Ministry everlasting secretary Pairoj Chotikasathien mentioned.
“We’ll transfer ahead as rapidly as potential,” he mentioned, including the brand new minimal wage would solely apply to companies that employed greater than 200 individuals.
The rise within the minimal wage from the present vary of 330 baht to 370 baht per day was a part of the ruling Pheu Thai celebration’s marketing campaign platform, and it has pledged to extend it additional to 600 baht by 2027.
The deliberate hike is a part of the federal government’s drive to spark progress in Southeast Asia’s second-largest financial system, which has been held again by hovering family debt and a slowing manufacturing sector.
The federal government’s flagship coverage is a 450 billion baht stimulus scheme, the place individuals might be given 10,000 baht every to spend in native communities. The primary part is ready to start earlier than the tip of the month. The central financial institution expects the financial system to develop 2.6% this yr, up from 1.9% in 2023.
($1 = 32.92 baht)
