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Resolution of the Cabinet approved the new wage adjustment in 2018 with mitigation measures from all parties to adjust wages.

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          Mrs.Patcharat Sinsauy, Deputy Permanent Secretary, Ministry of Labor as the spokesman of the Ministry of Labor revealed that the Cabinet meeting agreed to recognize the minimum wage rate in 2018, as proposed by the Ministry of Labor.

          The results of the consideration of the minimum wage increase are in accordance with the resolution of the Wage Committee (Series 19) on January 17, 2018. The wage increase in all provinces from 5 to 22 baht is considered the highest in the last 3-4 years, divided into 7 levels: Level 1) 308 baht, 3 provinces are Pattani, Yala and Narathiwat. There are 22 provinces of Sing Buri, Nakhon Si Thammarat, Trang, Mae Hong Son, Lamphun, Lamphun, Chiang Rai, Sukhothai, Kamphaengphet, Phichit, Uthai Thani, Sisaket, Tak, Chaiyaphum, Amnat Charoen, Phrae, Ranong, Mahasarakham, Chumphon, Nong Bua Lamphu and Satun. Phatthalung, Udon Thani, Nakhon Phanom, Buriram, Surin, Phetchaburi Toxic Nu World Yasothon Phetchabun, Loei, Phayao Nat. Level 5) wage 318 baht 7 provinces are Chanthaburi, Samut Songkhram, Sakon Nakhon, Mukdahan, Nakhon Nayok, Kalasin, Prachin Buri, Level 5). The wage is 320 baht. There are 14 provinces: Ubon Ratchathani, Suphan Buri, Saraburi, Nong Khai, Lop Buri, Khon Kaen, Songkhla, Surat Thani, Krabi, Chiang Mai and Nakhon Ratchasima. 6) Wages 325 baht 7 provinces are Bangkok Nakhon Pathom Level 7: Wage 330 Baht. There are 3 provinces: Phuket, Chonburi, Rayong. Effective from April 1, 2018, the minimum wage will be 316 baht per day.

          The Cabinet also approved mitigation measures by Gen. Prayut Chan-ocha, Prime Minister assigned the relevant agencies, the Ministry of Finance. Ministry of industry and the Board of Investment Implement measures to reduce the impact of the minimum wage adjustment.

          The Ministry of Finance has tax measures. to SMEs with sales not exceeding 100 million baht per year, employs no more than 200 workers and the wage rate paid must be higher than the daily wage rate. All expenses incurred from hiring workers are deductible at 1.15 times, from 1 April to 31 December 2018, with the deduction of 1 time, Optimize production and business management to be more efficient in the production process and to continue to operate. The duration of the project will be from February 2018 to September 2020. The working group will be set up with government agencies, private sector, education sector as well as financial institutions to set guidelines and criteria for selection of participants before the application and selection of participants from all over the country. It is a group of SMEs that want to increase productivity and productivity, including 4,000 businesses / 20,000 employees and SMEs with high potential and want to increase the total production of 1,000 enterprises / 5,000 employees. The Board of Investment (BOI) has measures to improve production efficiency to adjust the machine according to BOI’s announcement. Entrepreneurs will be entitled to a 3-year income tax exemption as well as improvements to their rights and benefits to develop the ability of the old competition of 2014. It extends to cover the training of personnel with higher skills. Exemption of corporate income tax of 200% of investment or expenses incurred.

“Based on the opinions of various groups from the public, private sector, employees and academics, such as Mr. Boonyarit Kulayamit, Director-General of the Department of Internal Trade, Dr. Bovornanan Pongkalaya, Senior Executive Vice President, Mitr Phol Sugar Co., Ltd. Mr. Pongsalanon, President of the Association for the Blind of Thailand, Mr. Yongyuth Chalermwong, Director of Research for Labor Development And the KASIKORN RESEARCH CENTER, etc., see that raising this minimum wage will help employees have a better quality of life, more buying power. This will be beneficial for economic growth in the country, “she said.