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Thailand: Minimum wage hike to be in place 1 April

BANGKOK, 9 February 2012 (NNT) – Thai Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong has confirmed that the minimum wage raise to 300 baht a day will take effect on 1 April 2012 as planned.

Mr Kittiratt said on Thursday that Prime Minister Yingluck Shinawatra had asked for progress in the implementation of the government’s policies from all relevant ministries. As for the Commerce and Finance Ministries, which are responsible for the economic policies, the minister informed the premier that their work was progressing as planned in terms of revenue collection and policies promised to the Thai people during the general election.

As reiterated by Mr Kittiratt, the minimum wage increase, one of the important policies of the government, will take effect on 1 April in seven pilot provinces, including Bangkok, Nonthaburi, Pathum Thani, Samut Prakan, Samut Sakhon, Nakhon Pathom and Phuket.

Regarding the rice mortgage scheme, it will be kicked off immediately after the rice season ends on 29 February. Under the program, the government will offer farmers 15,000 baht for each ton of rice.

Meanwhile, the government is in the process of restructuring the prices of agricultural products as a short-term solution to the price drop problem. As for the farmers’ credit card policy, Mr Kittiratt said farmers would receive the credit card to purchase raw materials within these 3-4 months.

Read more: NNT

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