BANGKOK (NNT) – Labor Minister Phiphat Ratchakitprakarn has revealed that the minimum daily wage could rise to 400 baht nationwide from October 1, despite concerns from business sectors. The increase follows discussions with business operators and a study by a subcommittee set up by the Ministry of Labor. The new policy, if implemented, is set to affect companies with over 200 employees, while small- and medium-sized enterprises (SMEs) will not be immediately required to implement the wage hike.

400-baht national minimum wage not resolved yet by wage committee

The Social Security Office (SSO) is preparing measures to support larger businesses impacted by the wage rise, including a 1% discount on their contributions to the Social Security Fund. The discount will be available from October to September next year. SMEs, which comprise over 90% of Thailand’s workforce, will receive continued support until the economy recovers.

Full story: National News Bureau of Thailand

Krajangwit Johjit
National News Bureau of Thailand