The Cabinet approves the daily minimum wage hike by Bt5-Bt6

2 Oct 09:10 Key points summarised by AI

The Thai Cabinet approved a daily minimum wage increase of Bt5-Bt6, effective January next year, following a proposal by the National Wage Committee.
The new daily minimum wages will range from Bt313 to Bt336 across provinces, with Phuket and Chonburi receiving the highest rate (Bt336) and three deep southern provinces the lowest (Bt313).
This approved increase is notably below the higher wage hike promises made by political parties during the general election, with decision-makers citing current economic performance.
Industries anticipate a minor impact on prices (1.6-1.8% business cost increase) and headline inflation (0.05% additional push), though labor-intensive small and medium-sized enterprises may face greater effects.

New home loan scheme aims to boost property sector with Bt125 billion

Yesterday 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.